How To Save Money


Published on

Published in: Business
1 Comment
No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

How To Save Money

  1. 1. How To Save Money 3560
  2. 2. Introduction <ul><li>Most people around the world do not know how to deal with money. </li></ul><ul><li>The number of people in serious debt has never been higher, with many teenagers and adults seriously clueless about the most basic financial knowledge. </li></ul>
  3. 3. Introduction <ul><li>One of the alternatives to face financial problems is to save money. </li></ul><ul><li>Saving money is neither a science nor an art; rather it is somewhere in between and requires your commitment and hard work. </li></ul>
  4. 4. Introduction <ul><li>Saving money takes time to develop, needs to be learnt, and brings benefits that will endure for the rest of your life. </li></ul>
  5. 5. Strategies To Save Money
  6. 6. Set Saving Goals <ul><li>Short-term goals: it is easy. If you want to buy a video game, find out how much it costs, </li></ul><ul><li>Long-term goals: it is not so easy, such as retirement, you’ll need to do a lot more planning and you’ll also need to figure out how investments will help you achieve your goals. </li></ul>
  7. 7. Establish a Timeframe <ul><li>For example: &quot;I want to be able to buy a house two years from today.&quot; </li></ul><ul><li>Set a particular date for accomplishing shorter-term goals, and make sure the goal is possible during that time period. </li></ul><ul><li>If it’s not possible, you’ll just get discouraged. </li></ul>
  8. 8. Figure Out How Much <ul><li>Figure out how much you’ll have to save per week, per month, etc. </li></ul><ul><li>Take each thing you want to save for and figure out how much you need to start saving now. </li></ul><ul><li>If it is not realistic goal, so adjust your timeframe until you come up with a possible amount. </li></ul>
  9. 9. Keep a Record <ul><li>Keep a record of your expenses. </li></ul><ul><li>What you save, how much you make and how much you spend. </li></ul><ul><li>It's wise to take a critical look at your expenses. </li></ul>
  10. 10. Make a Budget <ul><li>Write down a budget so you’ll know each month you can spend on. (E.g. &quot;I will only spend $30 a month on movies/chocolate/coffee/etc.&quot;) </li></ul>
  11. 11. Stop Using Credit Cards <ul><li>Pay for everything with cash. </li></ul><ul><li>Don't even use checks. </li></ul><ul><li>It's easier to overspend when you're pulling from a bank or credit account because you don't know exactly how much is in there. </li></ul>
  12. 12. Lico Reis Consultoria & Línguas Prof. Lico Reis [email_address]