Writing Feedback / Giving tips for your sister on Simple Ways to Save Money [8]

saving money is a good habit

Nowadays, things are getting more expensive and have a lower quality and quantity. I understand that sometimes you did not have money to buy things because I faced this kind of problems before. However, we can take some simple measures to prevent this problem to happen.

First and foremost, you can prepare a book to record your daily expenses. In this way, you will know how much you are spending and see where you have spend your money mostly. You can always keep track of your money and check on it regularly. At the end of a month, you can see the balance of your money and when you realize you have spent more than you expected, you will reflect yourself and check where has your money gone. It will also train you to become more organized.

Furthermore, you can make a budget plan at the beginning of the month. For instance, you can plan your expenses to avoid over-spending. You can also include your expenses that happen regularly such as stationery, food, book and transportation fees. By using this method, you can control yourself on buying things which are unnecessary such as luxury items.

Moreover, you can include savings in your plan. For example, create a saving category in your plan. You can categorize your savings into different categories such as entertainment, books and loans. In this way, you will always have enough money during emergencies. This will lead you to be more careful and become wise shoppers in the future.

In a nutshell, saving money is a good habit which should be cultivated from young age. Saving money should be adapted to our daily life. We can learn to be more mature and independent when spending on our own money. I hope you will take my advice and practice this good habit in your daily life.