It seems like money is never enough. Living to the end of the month sometimes becomes an odyssey. There are hundreds of things we spend money on and income disappears in no time. However, there are several ways to save money.
Saving money is essential to maintaining your finances. You don't need to earn large sums to live with some relaxation. It takes will, dedication and patience. Discover some of the keys that Eastern philosophy gives us to better manage our money.
The secret lies in the method. You often do not notice where your money is going because you do not track your expenses and do not manage your finances properly. Find out what you get using this method.
Cabeco, a great way to save money
Cabeco is a Japanese method created in 1904. It was very successful and is still used all over the world today. This is a technique developed by Motoko Hani. Her goal was to save money by tightly controlling her spending.
The essence of the Kabeko technique is as follows: at the beginning of the month, all your income and expenses are recorded. This is the amount of money you receive and the amount you give back.
Based on this, the idea is to define a savings goal. This applies to fixed and excess costs, if any. Also, you should think about what your savings will be used for. This is only the first part of the method.
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The second part is to record all expenses. You must record every purchase and other spending. At the end of the week, you should review your notes and assess how the money was spent. It provides clues on how to spend your money and allows you to find keys to save.
52 weeks of challenge
This is a very old money saving technique that has recently come into vogue. The most important thing is to be ready to take on the challenge, remain consistent, and be patient. The results can exceed your expectations.
This method assumes 52 weeks savings each day. The first week, save only 100 rubles, the second - 200 rubles, and so on. Since the amounts may become too large by the end, set the maximum ceiling to 10,000 rubles, for example, or more. It all depends on your income level.
The 52 week challenge can also be done backwards. This means that you start out saving $ 10,000, then that amount decreases. Sometimes it's easier because there is always more motivation at the start.
More tips for saving money
Eastern philosophy focuses more on renunciation than accumulation. This is why they managed to create a strict lifestyle that would allow them to better control their money. Zen representatives give tips on saving money. Here are some of them:
- Visit libraries. You will not spend a dime and instead, you will also study well.
- Replace your car with public transport or ideally cycling or walking.
- Bring homemade food to work. Eating out is often a big expense.
- Reduce your tobacco and alcohol consumption. You will not only save your money, but also become healthier.
- Drink water. Replacing carbonated drinks is good for the body and avoids unnecessary costs.
- Make home repairs yourself. There is no need to pay for minor fixes in your home, such as changing tap gaskets, etc.
- Save energy: save on electricity, gas, petrol, listen to common sense.
- Don't waste your money on convenience foods. Cook it yourself. This is beneficial not only for saving money, but also for your health.