Identifying and acknowledging these addictive behaviors is the key to correcting them (and saving more money in both short-term and long-term!).
So, it’s a no-brainer that addicts will be always on the losing front when it comes to savings. In many cases, these attachments can transform into addictions, when we just can’t stop doing them in spite of negative consequences.Īnd when that happens, these behaviors begin to bleed our money and savings, even when it’s as simple as food addiction. For some, that’s food, while for others, it can be shopping, or drugs. Identify and correct your addictive behaviors.Īpparently, most of us have strong attachments to some or the other things.While analyzing your spending allows you to discover the money-leakage spots, listed below are 11 super-effective tips that sure would skyrocket your savings when followed consistently. Refer to this blog on best expense tracker apps or alternatively, just search with keywords like expense tracker”, “spending tracker”, “budget manager” on the Android/ iOS store and try a couple of apps to find the one that most suits your purpose. This is crucial as each of us is unique with respect to our money behavior. The smartest way to save more money is to first start monitoring and analyzing your spending. From school to our companies, it looks like that no one wants us to learn (and master) this super-crucial aspect of life. While we are being taught infinite ways to scale our income, we are rarely taught anything related to savings or money-management. That’s the reason why many of us end up burning away our entire incomes in the first 2 to 3 weeks (or sometimes less!).Īnd that’s not our fault. Yet, we pay only a little attention to save any of it.
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