Sometimes, we need some big purchases (real estate, car, etc.) or have big expenses like payment for education of the children or vocation at the Issyk-Kul lake and so on. How to save up money for these purposes? How possible to save up certain amount for such big purchase without spending whole salary or other earnings?
Actually, it is possible to pay education of the child at the prestigious commercial educational institution under rational approach even with moderate level of income. How to make this study possible? This question is not rhetorical, although not every person can find answer.
Any individual has list of expenses impossible to avoid. How to figure out free funds, which you should not spend? There are specific ways to address this problem.
First, it is necessary to accept a possibility of money saving and change approach to your own expenses.
Second, all big savings are always started from small amounts – try to put by part of your monthly income regularly. As practice shows, it is possible to save 10% of obtained income monthly without losses for the family budget.
Third, it is better to save money through opening of deposit at the bank. Money has a purchase power, which will be changed over time. And bank deposit can at least maintain this purchase power. Additionally, when money is kept at home, you have more temptation to spend them. Saving deposit provides you a safekeeping of your money you can use in future to pay study of your child. If you failed to save money during one month, not be upset. There are various circumstances. You can “catch up” next month. The most important, do not malpractice. So, gradually, you can allow yourself to buy big purchases and pay high costs learning rules of saving.