Spend Less and Save More Principle

[Suba]

For those of us who do not master financial literacy, we can apply principles that are easy to apply in our daily lives, namely the principle of spend less and save more. If we can reduce our expenses every month, our remaining income will be greater, so we will have more freedom to allocate the funds we have to various sectors such as investment, savings, emergency funds, etc. Make an easy and simple financial plan such as a savings plan, investment, purchasing valuables, monthly expenses, entertainment, travel, etc. and put it in a personal budget.

 

[freelancermaria]

Yes, I have been doing it for the past two years. I only recently used this approach, but it's better late than never, right? I cook at home whenever possible, conserve energy by turning off lights, minimize online spending, and so on.

 

[Starmix]

We need to apply that principle to spend less and save more but not all human beings can do this. I feel the agony of the people who strive hard to have something on their plates. Somehow, I like to spend and spend to exhaust myself to what I like, but my mind always dictate me to stop my extravagance and try frugality.

 

[Stardom22]

This is actually a very good way for saving money for future use. Having a saving habit is a great thing for anyone.

 

[Starmix]

Spending less this time is somewhat hard because of the high cost of the commodities. However, let's buy only what's essential. Let's forget extravagance and embrace the importance of saving.

 

[neku]

Professionals from poorer communities who save some money for their old age are falsely labelled a security threat without any proof, and their savings are robbed by government agencies without a court order causing great hardship.

 

[eLdavis]

If you want to make more money, you need to be able to save and to be able to save, you need to learn how to manage your expense.

 

[Nomad]

If you do not spend less and do not save, no matter how much you earn, you will continue to have financial difficulties. When you spend less, you will be able to save, and when you save, you can invest.

 

[Augusta]

This is the right way to go. try to save more to have more money. Just reduce your spending.

 

[Kross]

I don't think spending less to save more is possible. It is not realistic in the scheme of things the way things stand.

 

[Springtime]

While it is good to spend less and save more, at the same time, we should also work hard to earn more money.