Effective Way in Saving Money

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There are many ways in saving your money. You can have a multiple bank account to individually group on how your money should be placed or you may prefer to have a piggy bank at your home and there are many videos in youtube that uploaders share their own experience on how they save money.

If you think that you have tried everything and failed you can try an old school method that many are not even aware of. Let me hear your reply by leaving a comment below.

Here's what you will need.

1. Wallet


If you currently have your own wallet right now it's fine but I would suggest to have a thin wallet just like what I have. This type of wallet would lessen your worries like how many money you still have and if you have two or more credit card. With a thin wallet you would just bring limited items if you are just around the city.

2. Money


Again, you don't have to bring huge amount of money in your wallet. Just bring you average expenses then add an additional cash for emergency like unexpected meeting or when your car run out of fuel.

If you have a credit card with you, it's still ok but I suggest that it would be your last option in paying your bills. Simple as that.

Piggy / Coin Bank


Don't be embarrassed with your cute Piggy Bank or Coin Bank. It will help you a lot. After a long day outside, now is the time to count your money and put it in your Piggy Bank or Coin Bank.

Money Tracker


Saving money does not end there, you also have to keep track of your savings. It would be better to have your own android app to keep track of those savings. There are a lot of apps like Spendee, Fiancius, Money Lover - Money Manager but I prefer to have it detailed so I chose Money Manager Ex.

Assistant / Money Holder


This is optional but if you are not yet in control of yourself. Have someone to hold your money and only give you a budget for a day but if you could do it by yourself it would be better.

See below the breakdown of how my expenses was cut short without difficulty.

DATE
AMOUNT
DESCRIPTION
INCOME
EXPENSES
RUN. BAL.
20-Jul-15
100
55
45
Lunch and Snack
21-Jul-15
145
49
96
Lunch
22-Jul-15
196
55
141
Lunch and Snack
23-Jul-15
241
47
194
Lunch
24-Jul-15
294
60
234
Lunch and Snack
25-Jul-15
334
245
89
Lunch; Buy Wallet
27-Jul-15
189
145
44
Lunch; Refuel
28-Jul-15
144
45
99
Lunch
29-Jul-15
199
54
145
Lunch and Snack
30-Jul-15
245
45
200
Lunch
31-Jul-15
300
82
218
Lunch; Unexpected Meeting

Please note that budget for Breakfast and Dinner is not yet included since I am still living with my parents.

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