We bring you 10 best way to save money this weekend and ensure you have financial breakthrough :
See below:
1.Avoid impulsive spending. Think before you buy, and only buy what’s necessary.
2.Stop smoking, drinking alcohol and partying. You could save a ton of money.
3.Avoid expensive stuff; expensive cars, unnecessary jewelry, expensive clothes, expensive rentals, and expensive living.
4.Eat healthy food and a balanced diet to avoid getting sick and spending a ton of money on medicine.
5.Avoid stress for it often leads to poor health and unnecessary medical expenses.
6.Avoid unnecessary travel. It’s pandemic era, therefore the cost of travel has escalated to ridiculous levels. Restrictions prevail in every country in the world making it even more difficult and risky to travel.
7.Increase your income base by creating multiple streams of income.
8.Don't expose your money to inflation by saving it in banks. Learn how to invest it and hedge it against inflation by buying high-yield stocks.
9.Avoid borrowing for consumption purposes. If you must borrow, do it to buy an appreciating asset or start a profitable business.
10.Train your partner or spouse about money and teach them prudent spending habits. It doesn't help to be disciplined about money while people around you are leaking money.
11.Seek financial education and advice about money management, saving and investing. Study basic accounting and understand the flow of money in and out of your hands.
12.Know your net worth and always seek to expand it by increasing your income base and avoiding debt. Knowing your real net worth can give you a wake up call to start developing prudent money instincts.
13.Reduce the amount of food your family consumes daily by 10% and you'll automatically have 10% disposable income to invest or save. You'll find that you actually didn't need all the food you eat daily. Besides, you'll tone down a little and become a healthier family.
