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What steps you take to save money?

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1. Track your monthly spending – and do it rigorously for at least 3 months. 

1.1 After you've tracked your spending, break it down into sections (necessities, bills and utility, etc) and identify which ones you can cut down.

1.2 Put a cap/maximum budget for each section and be ruthless about it. 

^ Basic personal finance in a nutshell.

2. Quality > Brand. I was once trapped under the false notion that known brands = high quality. Knockoffs can be pretty solid too. This is not to say that you purchase the cheapest item–but choose the one in the pricepoint you can afford that has the highest quality.

2.1 Read testimonials and really research about any item that will be used long-term (gadgets, furniture, etc) but if you can apply this mindset to smaller buys (laundry detergent, cooking oil, etc) then your expenses will be much more predictable each month.

3. Have a different bank account for everything. This has helped my mentality immensely. When I get my salary–I transfer it to different banks before I do anything. Helps to be organized.

4. Earn money off the side. More often than not, your main income is not enough to satiate your wants to a level where you feel happy and fulfilled. My side hustle was dropshipping–but just about anything you can do in your free time that earns extra $$$ is more than enough. Trust me, it adds up. 

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I use mobile apps to track my daily spending. And use the entire month statement to amend the spending nature. I have to admit that this had helped me a lot to cut short the overspending. Many elders and peers are recommending the same method to keep a track of your debits. There are numerous applications developed by prominent fintech companies, that utilise technologies like ai services, to track down our spending and savings nature and recommend some smart moves to save more. 

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One of the best ways to save money is to set a goal. Start by thinking about what you might want to save for—both in the short term (one to three years) and the long term (four or more years). Then estimate how much money you'll need and how long it might take you to save it. Thanks for posting.

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I always keep track of my expenses just to make sure I am only spending it on the right things. You should see if your income is being utilised for the necessities more and luxuries less. But don’t get into it so much that you become a miser. Because we earn money for living in comfort and for getting what we want.

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First thing you need to do is to set saving goal. After that you need to record your expenses. Stop making impulse purchases. For example you can skip the coffee shops and start make your coffee at home, or you can make a list of grocery and buy only the things you need. 

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  • 7 months later...

1. Create a budget and track your spending so you know where your money is going.

2. Prioritize your needs over your wants.

3. Pay off any high-interest debt.

4. Cut back on unnecessary expenses.

5. Take advantage of discounts and coupons.

6. Try to negotiate lower prices on bills or services.

7. Set aside money in a savings or emergency fund.

8. Sell items you no longer need.

9. Take advantage of free activities.

10. Look for cheaper alternatives.

This is not the whole list of what I did to save money. I also use various resources to control my own financial resources. Here is one of them https://www.realcheckstubs.com/blog/pay-stub-abbreviations-and-acronyms-decoding-tips. Such services have repeatedly helped and helped out in various situations.

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I was in a bind, with bills piling up and no end in sight. I need money right this second to avoid late fees and possible service cancellations. That's when I found PDLOANS24/7. The application process was quick and easy, and I was approved for a payday loan in no time. The best part? I got the money I needed deposited directly into my bank account, and I could use it for anything I wanted. PDLOANS24/7 saved me from a financial disaster!

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