Keep up the good work and stay motivated
Another important step that you have to take into consideration when you are not familiar with this habit and start saving is to take your time – around 20 or 30 minutes a week – to analyze your bank balance and other financial accounts.
“It might be a good idea to do this in the morning before work when you’re feeling energized and constructive. You might be surprised to find you do have some extra money to put into a savings account – even if it’s just £5 a week,” explains Bain.
In fact, even if you want to save money, you should also keep in mind the advice of many financial experts who recommend you limit your expenses, it is essential to take care of your health and improve your quality of life, because these are the most important things in life. In other words, if you need medicines, certain healthy foods and massage or gym subscription you should satisfy these things because you need them.
“If you can make sure you’re maintaining your longer-term goals and you have the cash to splash on a new coat, go for it,” says Bain.
