One of the common challenges for most of us is how to save; especially now a days that seems everything are in price hike starting from fare, gasoline, foods, electricity, and even water. In fact, if you are a minimum wage earner the number one question that comes in your mind is how I am going to save if my wage is enough for all my expenses and most of the times deficient for my family needs.
Don’t worry you are not alone with this agony. As an Ordinary Juan, I am finding ways also in order for me to save some for my family’s future. Yes, even we are in this kind of situation or our budget is tight it is best if we still save even a small amount every time we received our paycheck for our future.
Recommended Reading: My Monthly Awareness Month … Saving and spending management tips 101
So how are we going to do it?
Make a list for all our expenses for the whole month if you are monthly earners. If you are in 15 and 30 days cut – off earner then list for 15 days expenses. The cut off will be depending on your desire coverage base on your earning.
Rank it from top priorities up to the less important. Then remove all the expenses you think you don’t need to buy or spend for that particular span of time.
After removing all things we don’t need for that span of time, make a computation, and save the amount you save from the expenses you remove from the list.
Isn’t it hard? I know it is easy to say but if we have discipline and determination we can achieve our goal and that is to save something for your future.
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