Family Life Knows Everything.

Chapter 259 Forcing myself to save
As the saying goes, "You can't eat poorly, you can wear enough clothes, and you don't plan to be poor all your life." Keeping at least [-]% of your income every month and saving it is the most important principle of personal financial management.It is not only related to whether your retirement life is comfortable and dignified, but also whether you have enough money to pay for your children's education.

You might think that it's not practical to save 10% of your income without first deducting the bills and other expenses that you have to pay regularly each month.But if you want to get rich, you can't rely on ideas such as "winning the lottery jackpot", but actually save some money from your monthly salary.In fact, everyone has the experience of "forced saving", such as purchasing life insurance or paying a housing loan, which all have the meaning of forced saving.If you want to reduce your expenses and save some money, and have enough money to pay off your monthly fixed bills and other consumption, you must follow this principle.Once you've budgeted and paid off your high-interest debt, you can start saving.But it doesn't have to be done at the beginning, you can also take a gradual approach, first save 5% of your income, and then gradually increase.When you actually force yourself to save, you can automatically reduce unnecessary expenses and adjust the consumption structure.

Regardless of your current standard of living, and regardless of whether you will invest in business in the future, forced savings are the first step to becoming rich.

family life made easy

Savings need to choose the correct deposit time.When the interest rate is relatively high, it is a good time to deposit. When the interest rate is low, you should choose more investment methods such as certificate-style treasury bonds or short-term deposits.For users who have poor memory or are inconvenient to go to the bank, they can also choose the bank's appointment transfer service, so that they don't have to remember when to go to the bank, and the deposit will be automatically transferred according to the agreement.

(End of this chapter)