Savings - Deposit your money

We soon are going to talk about personal budget, but before discussing that topic it is imperative that everyone knows how to save money. Your mentality is the only problem and the only solution. So you must focus yourself as your main financial objective to SAVE SOME MONEY.

When you earn for example 1000$, you should put 10% minimal to the savings.Some one that wins 500$ can and will only save 4-5% because life costs money. So this is like a pyramid, if you win more you can save more percentage of your salary and you can still live a better life.

But if you can't control yourself and you are still learning out to do that, please ask your bank to create a deposit account with a monthly forced deposit. Point your automatic deposit to the day you get your paycheck. When the paycheck enters you will get less percentage due to the deposit. After an year you will have more then one month of salary in your savings account. Treat it well.

Control yourself to control your debts

Last year i had a bank account with  -1500$. It was hard times, my company wasn't going well , banks where closing around the world and the credit crunch returned. I was in trouble!

So i decided i needed to step up, i began to generate more profit in my company to get a better paycheck, and decided to control my payments this way i could provide health to my accounts.

I decided that self control was the answer , by omiting my desires i could control my expenses. In order to make that easier , i started to use a small wallet that could only carry money. So when i went to a supermarket , a bar or some kind of store,  it was harder for me to spend because i was felling what i had to work to earn that money. If you do that with a credit card it is more easy, you do the math mentally i have 800$ i am only going to pay 200$ , so i have the necessary amount. But when you are counting 20$,40$,60$,80$, you start to think; do i really need this? Can i live without this? Maybe i can use other stuff?

It works like a charm. Get yourself in this Credit Debt Free mode.