Money Saving Tips || How To Save Money (Best Strategy)399,858 views
- 7 months ago
In this video, I will share the method that I used to save nearly $12,000 in the past 6 months.
To save money effectively, it's essential to have a thorough plan.
This is MY personal experience.
The variation in income and financial responsibilities among people will impact one's ability to save a given percentage of their income.
The MOST EFFECTIVE money-saving strategy for myself was to set up automatic withdrawals from my primary bank account to various savings and investment accounts at a set rate of 30% of my total income. I found it best to schedule automatic withdrawals for the day income is posted to my primary bank account. I then proceed to live off of 70% of my income and disregard the 30% which was deposited into savings and investment accounts.
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