What Is The 30-Day Rule For Your Money?
The 30-day money-saving rule can be quite difficult to get started. However, it can be a great step to begin anew. Here's how you can do it.
- Make a budget
The very first step to getting started with your savings is to make a budget for the whole month. You must make a note of your monthly earnings, savings, regular monetary commitments such as EMIs. Noting down these monthly data can help you keep a track of all your expenses and savings.
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- Take up challenges
A 30-day period is quite sufficient to start your savings plan. Meanwhile, you can take up some interesting challenges such as avoiding any kind of spending on some days of the month. You can probably note the days of the week when you are likely to spend a lot and try to do impulse savings.
- Set a lower limit to save up in 30 days
As we said before, a 30-day period is a good time to think of how to resist impulse buying and start saving money. To get started, for example, you can set a minimum limit of saving up to $1oo in 30 days.
By finding ways to save money every time you are about to spend on something unnecessary, think of your long-term goal and focus on the right actions.