• Facts/Trivias

The Creed Guy

How to securely handle money?

A small wage earner makes it harder, but not impossible to save money. Many people have high incomes, but they have no savings as well. This is the most essential tradition of saving/spending habit. 

It's a great idea to start saving money on a tiny wage. The sooner you start saving money the better, successful people say. It's better. Many young people who just began to make money want to save money, but don't know where to save. This can be achieved if the sales and expenditures are properly handled.

But it seems like you can't save money if you have a minimum wage. And you have a duty to pay for rent, to buy food/groceries, paying for your car and even for some of your loans. And of course you want to invest, but there's just no money left at the end of the month. 

Below are some tips for quickly saving your money;

1. Creating a budget

It's important to control resources to build a budget. The budget would allow you to make wise use of your money as you earn it, because you have established plans and goals on all your profits.

You can quickly lose your income every time you collect your pay if you relax and disregard the budgeting action. And it seems that human beings never stop wanting us.

Given a huge amount of money if you can use it today and still go out there to work more independently. That's how we are, exactly. It's normal. So you have to stick with a budget.

It will be your guide to what you need to invest and save on, and to what you need to prioritize most. Another factor that makes people spend money without justification is fun.

Nothing better is anyway easy and we have to make sacrifices to make things happen in the near future to succeed in life.

It is going to save you a lot and you will also be monitored as well, because sometimes people go through what their peers do without even asking, simply because they want to fit into because they don't appear to be left out.

You will be able to recognize places in your life that you need to change and improve.  

Long history in brief, learn how to budget by allocating money  what you need. So you'll know what to save, what to invest, and what to let go.

2. Take your expenses into account

It has to do with what you spend on. Many of us would obtain a paycheck, and we can't budget for costs within a week.

It can be difficult to account for everything that we use everyday, if no records are kept. Try to keep track of the receipt of your financial activities.

This helps you to come up with a monthly and weekly cost. In this way you can know where your money goes and what you are going to do to save more and hopefully start your project.

And you'll also be able to spend money on certain expenses.

3. Take your income into consideration

Many don't treat their money in this respect. Just because their needs are significantly higher than they can afford.

You must take note of what is happening in your pockets and what goes out of it. This will allow you to keep your healthy balance. Don't waste more than your earnings.

That's the clandestine. You can see that you have to save something, cater for an emergency and even pay off the debt you have.

Debt payment will benefit you so much, and you can learn what you can afford to live by. People become debt because they need more than the money they can afford.

Learning to live on your salary will simplify your life because you will not have to work on additional liabilities that carry no income, but that empty your hands.

4. Reduce your debt progressively

You need to keep track of your spending if you are in debt, minimizing excessive expenses will help you use the money as much as you can to partially repay the loan. 

Build a habit of repaying your debts, and for what you have, you can be sure and happy. You will not be concerned about how you pay and whether you will remain without liabilities.

You are only going to survive on your earnings and over time you will be able to make yourself better in some other way by using the money you spend on your debts.

5. Create savings on emergency situations

For us as human beings, this is very basic. You can just wake up and lose work and bang. Without a job you're here, and no money certainly enters.

It is always nice to have an emergency fund as it guarantees you once it happens unforeseen. You can hop on it and start a business like that, if you are looking for another job.

Who knows you can follow it and become a successful businessman.

6. Save for your retirement

We forget much of the time that we evolve and that as we live, we approach each other as working days pass. No wonder anyone enjoyed a good life after retirement while working desperately.

This is because we always forget that we must withdraw from everything we exchange for our working time in some time.

Learn how to save and invest in your future, for example, to secure the land and build a home, even if not for the very best. 

'Low wage' is comparatively restricted to your present lifestyle or to the lifestyle you dreamt of. The response to your question about savings is to change your expenses in line with your current condition.


  • Kyungg
    Jan 26, 2021 22:45
    A nice info only that I don't have that money to handle.XD
  • Hot Mama
    Jan 25, 2021 20:49
    Lets pray for health of us