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What Kind of Saving Strategies Do You Have?

Kane

Captain Junkie
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Developing a budget and adhering to it has proven to be the best saving strategy for me. Budgeting helps me to distribute my funds into various categories including saving.
I also avoid keeping cash at home or on hand because when you have cash you will always be tempted to spend
I always try to make significant cuts in my expenses, sometimes even on necessities, to improve my savings.
One of the easiest ways to start saving is by deducting at least 10 percent from income and keeping it in a savings account.
Another effective habit for saving is collecting spare change in a piggy bank.
I'm quite confident these tactics can work for others too.
 
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For me, I take a cut out of each payment I receive. I first need to collect for taxes, and then I save a portion into my savings and collect interest. If you start to save from what you make, you will build up a big nest egg for the future.
 

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