If you want to stop spending money on stuff you will regret later, there is one method that will totally change the way you manage your account. Saving money is not always about not spending them, sometimes it is about spending them rationally.
Recently, we have heard about a formula that helped us get our account in good shape with very little efforts.
The formula is easy but totally impressive and worth giving a shot.
“Zero out” your money every evening is the first lesson this method teaches you.
Just ‘’zero out’’ to one zero, for example, if your account reads $543 in cash, transfer $3 in your savings account. Repeat the procedure every night and do the same with the money that was left before your payday.
You can go further and even “zero out” to more zeros, for example to two.
The advantages of the method are the following:
- Knowing every day how much money you have. Being able to control your spending and also saving while doing so.
- Easier way to control what you are buying and avoiding to buy things you don’t actually need.
- Saving money every day and not getting to spend them on unnecessary things.
- Starting the morning knowing you actually have money.
- Being able to look further in the future and plan ahead the things you will buy.
- Not losing money on small shopping such as snacks or other cheap things that ultimately mean losing even more money.
- Saving money in a different place, for example savings account, prevents you from easily touching it and spending.
- Seeing your savings account get bigger is a positive stimulus for depositing more money and spending less on unnecessary things.
Try this method and see if it works for you just as good as it worked out for us!