How to save money?

We have seen how to make money, but you should also know that there are different ways to save money, that our pocket will appreciate

So I’ve drawn up a list of different ways to save money. Like for example:

• Participation in group purchases to spend less.
• Practice bartering or exchange of services.
• Shopping with a full belly (so you let yourself be tempted less)
• Will allow you to save in the shopping basket.
• Use websites that offer discount coupons.
• In the article How to save money: 30 Easy ideas you’ll find more
• Tricks to save.

It is very easy to think that saving money is difficult, in some cases impossible. Debts, monthly payments and many other factors feed this day-to-day thinking; But saving can be as simple as you propose yourself, so we share 5 secrets that you probably are not applying now, but certainly will help you achieve a fixed and useful savings.

5. Sequential Weekly Saving

This secret may seem complicated but it is actually quite simple, sequential savings per week is due to a temporary monetary progression. That is, every week for a year, you will save 10 pesos plus the total amount of the previous week

Being clearer, in Week 1 you will save $10 pesos, in Week 2 you save $10 pesos plus another $10 (a total of $20 for that second week), Week 3 will then be $20 pesos plus $10, the $4 30 pesos plus $10, the $5 40 pesos plus $10 and so on until you meet a Year (or months you have proposed)

With this method you will be able to save more than 13000 pesos in one year. The important thing is not to use the total savings accumulated, leave it completely sealed to use only until you have completed your goal.

We create an Excel document with the complete formula of this trick, you can download it by clicking here.

4.10% of your fortnight is savings

Having a payroll account and another saving is highly recommended. The trick in this case is to have two accounts in your bank, one where you can receive your payroll normally and one more where you are going to transfer strictly 10% of every fortnight you receive.

Being that banks today allow you to make bank transfers from the Internet easily and quickly, it is as easy as calculating 10% of your payroll receipt and deposit that amount into your savings account. With this method you will see a constant increase in your liquidity, so it is very important that you propose a goal and not use the accumulated money in leisure or entertainment.

3. Have a little for coins

Yes, it sounds childish and cheesy, but it’s a trick that works a lot better than you might think, what does it consist of? All the coins of $10 pesos that reach your hands, do not spend them, instead save in a piggy bank, in a little.

Make a deadline (it works much better if you decide a minimum of 6 months), fill your piggy bank and don’t break it until the agreed day arrives. You will feel satisfaction when you count currency to currency and find that you have much more money than you had thought. Take the money to the bank and change it for notes or gentle in your account, it will be easier to handle it that way instead of having 500 coins of $10 pesos.

2. Investing is also saving

Do not have your money in bank accounts that do not give you returns. This trick is perhaps the most important and relevant do you have money saved? If you leave it in a bank account that does not yield, inflation will gradually devalue it. This is a real premise, and being that an economic downturn has been predicted, it could even be worse for your savings.

Instead of the above, invest! Don’t you know how or where? In Kubo. Financiero you will have the opportunity to choose investment projects that can give you yields of up to 18% or more (depending on your investment style, deadlines and risk that you decide to assume). You can get more details and information about it by clicking here.

1. Uses Dinerio

Dinerio is a platform and application that allows you to have all your financial information in one place. It also allows you to create personalized budgets (so you can save on your own criteria and needs), helps you to meet your financial goals and generate savings through your advice that focus on using your income better without sacrificing your Lifestyle.