Was one of your resolutions for the year to save? Is it hard for you to meet this goal? If so, here we tell you a method that could help you raise up to 20,000 pesos by the end of 2023. Keep reading to discover the technique of Savings bank.
What is the savings account method?
In the technique of Savings bank you must save a certain amount of cash on a weekly basis, without affecting your general economy. Instead of making what is commonly known as “ant expenses”, such as the coffee you drink outside the home, snacks, little outings, etc., you should allocate it to your savings account. Here we give you the details so you can start.
For example, you can start your savings account with 400 pesos per week and eliminate your ant expenses. With this method it is possible to collect up to 20,800 pesos in a year. Each year has 52 weeks, there are a total of 12 months, so in the end you will have a fund for emergencies.
In this sense, one way of not seeing your payment for services or other relevant purchases impacted is by allocating what you spend on snacks or coffees to this savings. So it is good that you change your financial habits in a positive way.
Ideally, you dedicate one day a week to your savings, for example, it can be Monday or Sunday. In the event that you are paid weekly, it may be that date, then you set aside the amount you must save and try to be constant throughout the year.
To be more motivated, you can link it to a specific objective, such as: the down payment of a vehicle, motorcycle or house. However, what matters here is to allocate 400 pesos per week to the challenge and eliminate the bad habit of overspending.
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