It only seems difficult to save. There are several ways to build up reserves almost imperceptibly:
1. set aside money from every wage or salary. It is psychologically easier to transfer money to the reserve from a large amount. Make a rule: as soon as you receive the money, set aside 10 percent and it is an emergency reserve.
2) Use cards. You can get 500 extra rubles if you link the card to the account to which your interest balance is paid.
3. Cashback. Quite a few banks give back some of the money spent. You can also get back certain amounts for travelling, for buying certain things. You have to take advantage of it! If there are some big expense items – gas, dinners in restaurants, etc., then use fuel cards, guest cards, and other ways to spend less.
4. rounding up to whole numbers. This is the regular accumulation of small amounts according to certain rules. A variation on gamification, where the process is interesting and exciting. For example, we have spent 2,600 rubles, and we need 400 rubles to round it up. That is what we are saving. And so we do every day. Sometimes there are “tails” of less, starting at 20 rubles. They seem insignificant, but they “run up” a considerable sum in a month.
5. Selling unnecessary things. Each of us can find things at home, items that are lying idle and only occupy space. It is worth selling them on Avito or Jule, even if they cost 100 or 200 rubles.
6. “Ladder. Open several deposits with different terms. For instance, we take deposits for 3 months, six months, 9 months and 12 months. The last one will be the most profitable in terms of interest. The deposit for 90 days is registered with the lowest interest, when its term expires, the money will be transferred to the one-year deposit. For other, already opened deposits, the terms are displaced by those 3 months. Repeat this scheme every time when the 3-month deposit expires.
7. Make purchases without emotion. Often we purchase this or that thing just to get pleasure. You don’t really need it. Try not to make big purchases at once. Delay your decision for 24 hours, your emotions will subside, and rationality will kick in. And if something suddenly broke down, do not rush to spend your emergency fund – consider whether it would be better to buy it in instalments, pay for it little by little and leave your airbag intact.
Yes, saving one way or another requires a responsible and regular approach, as well as self-discipline. But what a great feeling it is to know that you have a financial reserve to back you up in difficult situations!