Wednesday, January 6, 2021

How to Save? My Unusual Saving Tips

 The most common advice we received on how to save  is to Pay ourselves first by saving at least 10% of our income. 

            Income - Savings = Expense

My Way : thru Forced Savings, wherein certain amount of money is monthly deducted from my salary or payroll account to apply for all my future needs, as shown below:

Why Forced Savings? Forced Savings gives me no other option, but to live with the money that was left after all the deductions. 

Next Topic: Why buy a Life Insurance?

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