It doesn’t matter if you are retired, civil servant or employee! The secret of saving has been revealed! The best way to save

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Lerato Khumalo

With the difficulties of living conditions, investments in dollars, euros and gold are quite wide in our society. It is possible to overcome this problem with a certain savings method.

A successful savings strategy can help you achieve big goals like buying a house or a car. So how do you save? What are the ways to save? Here are the things you are curious about…

HOW TO SAVE?

The most effective method of saving is to set aside a regular portion of your income in advance, which can help you keep your expenses under control and reach your financial goals.

YOU SHOULD CREATE AN AUTOMATIC SAVINGS PLAN

Make saving a habit by automatically transferring a certain amount of your income to a savings account. In this method, the specified amount is transferred to your savings account as soon as your salary is deposited and your expenses are realized after this amount is deducted.

YOU MUST CREATE AND MONITOR YOUR BUDGET

Create a budget by carefully tracking your monthly income and expenses. Identify areas where you can save money by dividing your expenses into specific categories.

Reviewing and updating your budget regularly can help you save.