"Before you start, you must be willing to change"
"Before you start, you must be willing to change"
Not even the tricks of the most renowned gurus will be of any use if they are not accompanied by real changes in the way you manage money. And to do so you need to be highly motivated and willing to get out of your comfort zone. If you are not thrifty but you want to be, you must make a profound change. If not, and like most people, you will quit and keep making the same mistakes.
MIQUEL GÓMEZ, financial coach
"Put a goal on your savings, it will motivate you"
"Put a goal on your savings, it will motivate you"
To give up money now, you must have an end, a "savings project" that motivates you. So you can review your progress and visualize the goal to be able to enjoy it also in the present. Borja Pascual recommends combining large and small projects. Thus, every time you enjoy a short-term project, you reinforce your motivation for long-term ones.
BORJA PASCUAL, author of Save or Never (Ed. Editatum)
The envelope method
The envelope method
Super simple, but no less effective for that. The first step is to collect in cash all the money you have to spend for the month. Then allocate an envelope for each of the mandatory expenses (housing, electricity, gas …) and put in them the exact amounts that each expense represents. Of the remaining money, allocate 10% to savings and the remaining 90% to other expenses.
A piggy bank for change
A piggy bank for change
It consists of something as simple as that at the end of the day you put the coins that you have in your pockets or purse in a piggy bank. A variant is that, instead of all the change without more, put only all the coins of 2 euros, or 1 euro … that you have. You can also decide to put small bills at the end of the week, etc.
"The first step, reduce and control your debts"
"The first step, reduce and control your debts"
There is no saving if you do not reduce and control your debts. Make a list of credits, mortgage, car letter, cards … and analyze what you pay per month for each of them. The smallest debt is the first that you must cancel, while you are contributing small amounts to the rest of the debts. When you have managed to settle the first one, go for the next one, but always contributing something to all the debts.
MAPI AMELA, from Ahorradoras.com
"Save at the beginning of the month, not at the end"
"Save at the beginning of the month, not at the end"
95% of people who do not save is because they save what is left over at the end of the month and, although they make an effort to go out less and eat cheaper, what remains on the account is little. Just as you pay your bills at the beginning of the month so that there is money, it is also when you must save. Make an automatic transfer each month from your daily use account to a savings account. The amount? Start with 5% of your income and increase it.
LUIS PITA, from Preahorro.com and author of Have a worse car than your neighbor (Ed. LID)
"Find out where the money is going"
"Find out where the money is going"
Save all receipts for what you buy (and / or look at the card statement). At the end of the month you will see what you spend on and you will be able to assess whether there are unnecessary expenses. Jordi Martínez gives the example of a couple who discovered that they spent € 50 on bread because the two of them used to do it (and it was wasted), thus doubling their spending.
JORDI MARTÍNEZ, author of Finance for geeks (Ed. Platform)
The 52-week method
The 52 week method
It is a progressive method of saving. The first week you save 1 euro, the second 2… and so on until in week 52 you save 52 euros. In the end, you will have saved 1,378 euros. The best thing about this system is that little by little you are working on discipline and perseverance to save. You can also do it for 30 weeks.
Always carry a notebook with you
Always carry a notebook with you
If you have the urge for something, SIGN IT UP and give yourself a day of reflection.
"Pay attention to the shopping cart"
"Pay attention to the shopping cart"
It is one of the most important expenses. To reduce it, Elena Martínez advises that we first make the weekly menu. From it and what you already have at home, make the shopping list. Only make changes to the list and menu if you find offers.
ELENA MARTÍNEZ, author of How to save and earn money in times of crisis (Ed. Ediciones I)
and celebrate your achievements!
and celebrate your achievements!
See achievements (less debt, a goal achieved …) REASON to keep saving.
