Are you one of the people who believes that you can only save if you earn a lot? Have you ever heard that with this economy it is impossible to save?
Here we debunk some widespread myths about saving that are not letting you reach your goals.
This may be one of the first mistakes made, believing that you cannot save or that it will be easier the more money you earn.
The question here is that it does not matter what salary you have, but how you distribute it and that the expenses you make are smart.
For this, there is nothing better than having your monthly budget made, knowing where your money is going and starting to cut those superfluous expenses.
Although anyone can start saving the moment they decide to do so, if there is no fundamental change in the way they consume, it will be very difficult for them to continue with this purpose for a long time.
On the one hand, because habits are very difficult to break, and on the other, because on many occasions we do not even perceive them.
Do you know how much you spend a week on snacks, cigarettes, tips? When you go out with your family or friends, do you have a budget of how much you are going to spend or do you leave it to chance?
The moment you become aware of how you are spending, you can generate changes that will allow you to create the habit of saving.
Sometimes the amount that we can allocate to savings every fortnight seems very small , but we are not seeing how significant that amount can become in the long term.
Let’s suppose that you only have 200 pesos left each fortnight, if you are constant and save them for a year, in the end you will be saving 4,800 pesos.
Now, if you make some adjustments in your expenses and in the end it turns out that you save 500 pesos, in a year you would have 12,000 pesos. Not bad, right?
Finally, one of the most widespread myths is that to save you have to make a lot of sacrifices.
It is true that sometimes you have to deprive yourself of some things to achieve a certain goal, but it is not about leaving absolutely all your tastes aside in order to save.
The most important thing is that you learn to spend wisely, to compare products and decide when it is worth spending and when it is better to wait.
Now that you know some of the main myths, start by budgeting and making changes in the way you spend, so that you achieve all your savings goals.