3 Smart Ways to Save Money Every Month

3 Smart Ways To Save Money Every Month 












1. Use The 50-30-20 Rule
This is the classic, traditional and the easiest method to save money. This rule states that:
  • 50% of your income should be spent on your basic necessities such as food, rent, bills.
  • 30% should be spent on wants such as shopping, entertainment, and recreation .
  • 20% of the remaining income should go directly to saving or investments.


2. Track Your Spending 
You can only manage your money when you 
Measure where it is spent. For that you can use free apps such as moneyview, money manager or even a simple Excel sheet.  Check where your money leaks and trying reducing unwanted expenses.


3. Automate Your Savings 
Set up an automatic bank transfer to a separate savings account. So that as soon as you get paid at the end of the month part of your income will automatically go into your savings account. 

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