{"id":34768,"date":"2023-07-13T14:15:53","date_gmt":"2023-07-13T14:15:53","guid":{"rendered":"https:\/\/flexxzone.fcmb.com\/?p=34768"},"modified":"2024-10-11T12:55:35","modified_gmt":"2024-10-11T12:55:35","slug":"smart-ways-to-save-money-on-a-low-income","status":"publish","type":"post","link":"https:\/\/flexxzone.fcmb.com\/2023\/07\/smart-ways-to-save-money-on-a-low-income\/","title":{"rendered":"Smart Ways To Save Money On A Low Income"},"content":{"rendered":"<p><strong>Smart Ways To Save Money On A Low Income<\/strong><\/p>\n<p>I get it \u2013 you\u2019re earning little right now, your account balance is holding on for dear life and saving from the little you earn seems impossible. But, what if I told you there were intelligent ways to build a safety net from the little you make? Curious to know more? Then keep reading<\/p>\n<p><strong>(9MOBILE 68260 17308\u00a0 99978)<\/strong><\/p>\n<p><strong>Start with what you have<\/strong>. If you\u2019re waiting\u00a0<span lang=\"en-GB\">to<\/span>\u00a0make \u2018enough\u2019 money before you start saving, well, I\u2019ve got news for you. You may never get around to it. Nobody has ever agreed that they make \u2018enough\u2019 money.<\/p>\n<p>Our needs are insatiable and regardless of how much you earn, there\u2019ll always be something to spend money on.\u00a0 Saving isn\u2019t dependent on how much you earn but on how much self-discipline you have. Therefore, please start with the little you make and watch the ripple effect it has in the long run.<\/p>\n<p><strong>20% is for self-love.<\/strong>\u00a0The bills never stop and neither should showing yourself some love. Don\u2019t be in the habit of paying everyone but yourself. Start\u00a0by keeping aside at least 20% of your income for yourself.<\/p>\n<p>For example, if you earn 50,000 monthly, automate your account to deduct 10,000 into another account where you do not have easy access every time you get paid. Even if you have debts, set aside at least 20% of your earnings for saving so you never have to fall into the debt trap again<span lang=\"en-GB\">.<\/span><\/p>\n<p><strong>There\u2019s rice at home<\/strong>. Let\u2019s face it, your income is in its days of humble beginnings and so should your taste buds. This means fewer \u201ccravings\u2019 and eating out, designer clothing, subscriptions<span lang=\"en-GB\">,<\/span>\u00a0etc. If thrift clothing is what you can afford, wear them with confidence.<\/p>\n<p>Your taste buds\/wardrobe style can upgrade when you\u2019ve upgraded your skills and begun to earn more; but for now, there\u2019s rice at home dear.<\/p>\n<p><strong>Don\u2019t be\u00a0too quick to borrow.\u00a0<\/strong>To really begin to save money, you\u2019ve got to let the loans go. Debt can hold you back from reaching your financial goals. When interests on the loans you\u2019ve taken compound, you may be caught in the web of debt for a long time.<\/p>\n<p>However, what you can do is set aside a small portion each month to pay off existing debts, and be sure to pay off high-interest debts first.<\/p>\n<p><strong>Get an actual savings account.\u00a0<\/strong>Saving may not come naturally to you, but that doesn\u2019t mean you can\u2019t learn it. One way to do that successfully is to keep your savings account separate from your expenditure account.<\/p>\n<p>Regardless of the size of your income, you need a bank account that\u2019s dedicated to helping you save as a young adult. So why not let\u2019s begin\u00a0<a href=\"https:\/\/www.fcmb.com\/flexx-account\" target=\"_blank\" rel=\"noopener noreferrer\" data-auth=\"NotApplicable\" data-linkindex=\"0\"><b>here<\/b><\/a>?<\/p>\n<p><strong>Budget<\/strong>. At the end of the day, you need a budget. This way, you\u2019re able to keep track of what you spend on groceries, personal care, entertainment, transportation, etc.<span lang=\"en-GB\">,<\/span>\u00a0and realistically plan your income without depriving yourself of basic pleasures and necessities<span lang=\"en-GB\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Smart Ways To Save Money On A Low Income I get it \u2013 you\u2019re earning little right now, your account balance is holding on for dear life and saving from the little you earn seems impossible. But, what if I told you there were intelligent ways to build a safety net from the little you [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":34772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,72,88],"tags":[],"jetpack_featured_media_url":"https:\/\/flexxzone.fcmb.com\/wp-content\/uploads\/2023\/07\/iStock-1497305637.jpg","_links":{"self":[{"href":"https:\/\/flexxzone.fcmb.com\/wp-json\/wp\/v2\/posts\/34768"}],"collection":[{"href":"https:\/\/flexxzone.fcmb.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flexxzone.fcmb.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flexxzone.fcmb.com\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/flexxzone.fcmb.com\/wp-json\/wp\/v2\/comments?post=34768"}],"version-history":[{"count":6,"href":"https:\/\/flexxzone.fcmb.com\/wp-json\/wp\/v2\/posts\/34768\/revisions"}],"predecessor-version":[{"id":35237,"href":"https:\/\/flexxzone.fcmb.com\/wp-json\/wp\/v2\/posts\/34768\/revisions\/35237"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flexxzone.fcmb.com\/wp-json\/wp\/v2\/media\/34772"}],"wp:attachment":[{"href":"https:\/\/flexxzone.fcmb.com\/wp-json\/wp\/v2\/media?parent=34768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flexxzone.fcmb.com\/wp-json\/wp\/v2\/categories?post=34768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flexxzone.fcmb.com\/wp-json\/wp\/v2\/tags?post=34768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}