How to Save Without Compromising Lifestyle
Life Hacks of Putting Money in Your Pocket With Everyday Purchases
It is the beginning of March. You are reviewing your bank statements and sadden by your leftover balances after your housing payment. Your long-awaited tax return had all gone to your credit card bills. You realized you are in a vicious cycle of spending and paying with interests. You have been staggered in your progress of saving towards your goals for some time. When did this become your life? How do you get out of this vicious cycle? How can you save without compromising your lifestyles?
What is Saving? According to an article published by Julia Kagan in 2019 on Investopedia, it is what a person has left over when the cost of his or her consumer expenditure is subtracted from the amount of disposable income earned in a given period. In simple terms, it is what you have leftover when you spend less than what you make. It is a concept that we all understand, but only a few can actually practice. If we all understand the method, why are we having such difficulties in practicing saving? The biggest reason is that human is a creature of habits and accustomed to certain lifestyles. To save, it means that we have to change our habits, which fundamentally challenge our instincts. However, what if I tell you that there are ways to save without changing your lifestyle? Will it make it…
