Maintaining good saving habits can be difficult at times especially when you’re a Malaysian. Food, travel, movies, and a whole lot of festivities and social gatherings are among the million other things we spent on daily. The struggle hits close to home especially when one is not equipped with the right knowledge and mindset to make it happen. In this day and age, we should rediscover the importance of saving for rainy days and when you have kids of your own, you may also cultivate the habit of saving in your household. If you want to accumulate more money in order to have a lot more savings, you can try investing but make sure to work alongside professionals who offer services like technical analysis for stocks.
For starters, always focus on making baby steps. Slow progress is progress and over time, it will amount to something substantial. Companies like that well-known UK based same day loans lender can also be save you in case of financial emergencies.
Let’s check out some tips on how to fill em’ piggy bank belly with a whole lot of moolah!
1. Prepare your very own piggy bank
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Yes, the physical piggy bank. Go to the nearest store and get yourself one of those piggy banks. Big or small, there are various sizes to cater to every need. If you’ve getting one for your children, get them involved from the early stage by giving them the freedom to pick the piggy bank of their choice. Or, you may also DIY by transforming Milo tin or Hap Seng biscuit tin into a personalized piggy bank! Old school eh?
2. Categorize your piggy banks
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Categorize your piggy banks so you can what goes where- fund for an upcoming vacation, fund for emergency, fund for your bestie’s 21st birthday- let it be limitless! By having good credit, you can also get better interest rates on installment loans. Also, many people do not prefer to carry their spare coins around but little did they know that saving up coins and small notes make great saving medium!
3. Set a dateline
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You definitely need to set a realistic goal on how much you’d like to yield in a stipulated time frame. For instance, if you’re saving for your trip to Langkawi which will be happening in 6 months time, make sure to identify now much you’ll be needing so that you have a clear idea on how much you actually need to deposit on a daily or weekly basis.
4. Set realistic goals
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Set a definite goal so that you will not be tempted to break into your piggy bank for things that are not as important, say, a night out at Zouk. It will help a lot if you keep your piggy bank out of sight!
5. Stick to the plan
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If you fail to plan, you plan to fail. You won’t be able to achieve anything you set out in life if you are not determined. Everything requires a whole lot of persistence and grit to see it through. Before you know it, you’re on your way to your dream holiday with that big fat piggy bank of yours!
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