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We all like to save money for the rainy days but we do not know how to start. Sometimes we have difficulty trying to find simple ways to save money and much more difficult to invest your savings to achieve financial freedom. I hope that by sharing you 5 easy steps you can develop the habit of money saving and create a savings plan for that matter.

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#Aim to Save Money

Saving money should be the top-most priority to every single working individual. We have to strive hard to keep our hard-earned income rather than thinking of ways to budget or spend it all. For me, before you track down all your spending and budgeting needs, you set aside a portion of your income to go directly to savings. Income less savings is equals to spending budget.

#Choose your Investment

You must set a saving goal to achieve financial freedom. Start by thinking that you want to someday invest for a house or you want to invest on insurance. Then figure out how long will it take for you to save that money. You can also create an emergency fund that is equivalent to 6 months of your total income which you will only touch during emergencies. Your child’s education can be another good investment option or a stock market investment so you have passive income when you retire later on.

Infographics​

There is just a thing about info graphics that makes people want to share them online. So to make it easier for you to create a viral content as fast as you want, post infographics. Simply share infographics on your site and BOOM! You get the traffic that you want. Make sure you create a big social media account Most important of all is you create a big social network for sharing these contents. They are crucial in your viral content sharing because they will be doing all the hard work and link sharing for you.

#Make your daily/weekly Budget

It is very important to know your spending limit. Making your daily and monthly budget will help you track your allowable spending so you will not fall short on your earnings. Your budget should not go beyond your earnings for the month and by itemizing your budget you get to trace if you have overspent on some areas.

#Record all expenses

Part of creating your daily budget guide is to check and record all your spending habits. You keep track of cash outflow so you can evaluate how you spend. It can be as simple as buying a newspaper or a cup of coffee. Once you have your budget limit costing, separate the budget and organize it according to, gas and utilities, grocery and food, etc. You might want to consider using credit cards for purchases and bank online so it is easy for you to track down all expenses, however don’t forget to take note to monitor that you do not overspend.

#Prioritize your budgeting

Part of creating your daily budget guide is to check and record all your spending habits. You keep track of cash outflow so you can evaluate how you spend. It can be as simple as buying a newspaper or a cup of coffee. Once you have your budget limit costing, separate the budget and organize it according to, gas and utilities, grocery and food, etc. You might want to consider using credit cards for purchases and bank online so it is easy for you to track down all expenses, however don’t forget to take note to monitor that you do not overspend.

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