Save money monthly: With this golden rule you can do it!
Whether it's about a new handbag, the next dream vacation, or whether we want to travel for a little while and get rich, there are plenty of reasons to save. And yet most of us do not manage to do anything reliable. Behind it is a fundamental mistake - and if you know that, it finally works!
The big mistake we make when saving
What can you do when saving big wrong, now may one or the other questions. You just live frugally, buy clothes on sale, squash restaurant visits and see that at the end of the month as much as possible, which one puts aside.
If your efforts to save money are the same, then we have good news and bad news for you. The bad: So it will probably never work with saving. The good: A little something can help!
The golden saving rule that makes the big difference
The big mistake most people make is that they commit to saving what's left at the end of the month. Because let's be honest: in most months, nothing is left! We spend the money we have available - and if we buy sparingly, we buy two cheap blouses instead of an expensive one.
The golden saving rule is: Save a fixed amount at the beginning of the month - just so you can be sure that you put something aside every month. This golden rule is also known as the following principle: Pay yourself first!
Even before you transfer money to your landlord, spend your mobile provider, your favorite online shops and your money in the restaurant, pay yourself first and transfer something or put it aside!
How much should I save each month?
That depends entirely on your wishes and goals. If you save on a handbag or a trip the next summer, you will get by less than if you want to build a real fortune. However, experts advise that at least 10 percent of their (net) salary should be set aside each month, better is 20 percent. Tip: When you set up a standing order, you do not have to worry about anything and your savings rate is automatically set aside every month.
And what do I do with the money?
Ultimately, it is up to you. However, it makes sense to put aside a small cushion for emergencies (car or washing machine broken). Once you've got two to three months salary on a separate account as a security, you can decide whether to meet your other savings, or build a small fortune, perhaps for old age.
But to get there first, you should implement the golden rule of saving as soon as possible. We're keeping our fingers crossed for you!
Further savings tips for shopping, cooking, heating and more can be found in our savings forum. Visit our community page and discuss.
