Mobile App Development in India

5 Healthy Saving Habits for a Hassle-Free

Future

Habits maketh a man.

Some habits you are born with. Some you tend to inherit. Some you foster

over a period of time.

Even so, as you know, all habits are not that desirable, be it cigarette

smoking, or binging on junk food.

On the other hand, if habits are helping us lead a happy, hassle-free lifestyle

then, of course, such habits need to be fostered no matter what.

For instance, waking up the moment the alarm goes off, ensures that you

reach the office in time. Spending half an hour daily in the gym ensures you

stay fit. Likewise, putting away a certain sum of money, every month, for

savings, ensures you have some money in hand when some untoward

incident crops up.

Despite the apparent benefits of saving money, people don’t tend to save

that easily. Though they may decide to save so and so amount every month,

however, most of them fail to live up to their expectations. That is why it’s

important to develop a habit when it comes to saving money.

Here I walk you through six simple ways to save money before it becomes

too late:

Mobile App Developers In India

Mobile App Development in India

#1. Pay yourself first

Not heard of it before. Okay, it simply means to set aside a certain sum of

money as savings as soon as you receive your salary. This will make sure that

you save some money before you start spending. For example, George, first

things first, deposits $500 in the savings account every month from his salary

before transferring the remaining money to his current account for monthly

expenses.

That’s how George pays himself first before he starts paying other people for

goods and services bought.

You could even look at it as a monthly expenditure – a rent that you need to

shell out every month no matter what. However, for many, savings don’t

come that easily. Such people could switch over to automatic bank transfers

and payroll deductions wherein the money gets automatically deducted

without personal intervention.

#2. Design a Workable Budget

Aside from paying yourself first, it also helps to figure out your approximate

monthly expenses by measuring your expense against your income. This will

help you decide which expenses could be stopped in their tracks.

In addition to your routine expenses, also factor in expenses that happen

occasionally such as garden maintenance, car maintenance and so on. If

possible, compare your budget with people who have better money

spending habits. For what it’s worth, you could even try Better Money Habits

Spending Analysis Tool.

Mobile App Developers In India

Mobile App Development in India

#3. Decide on your Short and Long-term savings

Of course, this helps. Set aside time to think through your short and

long-term savings for the future. Short term savings could be your college

fees, upcoming vacations, buying a car and so on. Long-term saving plans

could include buying a home, retirement plans and so on.

In case you have a Bank of America account, use the Picture My Goals tool to

set up and track the progress of your goal in the mobile app.

#4. Pick the Right Apps

Apps could be the safest bet when it comes to accurate tracking of your

expenses and income and in turn, helps you save serious money. Even

shopping apps, offering discounts and all, help shop on a limited budget.

Mint app

This free personal finance app is referred to as the Beyonce of personal

finance apps. The powerhouse app lets you track all your financial activities,

from all your accounts, be it savings, retirement, fixed deposits, funds and

more. In fact, every transaction is recorded and categorized, not to mention

the app even happens to create a budget for you.

Additionally, it generates a graph to give you a visual representation of your

net worth and cash flow. And, if you are worried about security, don’t you

worry, the app is password protected. And if need be, you could even deny

access to your phone through the Mint website.

Mobile App Developers In India

Mobile App Development in India

You Need a Budget (YNAB)

Sure, the app is highly detailed, however, it comes with an easy-to-use

budget interface. More than anything, it comes free with the $60 software

you purchase for Windows or Mac. So, if you are looking to get a handle on

your finances, then this app is worth your time and money. Plan to develop a

saving app, consult GoodFirm’s list of top mobile app development

companies.

Ibotta

With the Ibotta app you could earn real money from shopping. This is how it

works? Simply peruse the various offers appearing in the product gallery and

then share the ones you like the most in your social media pages.

Every time you share a like on Facebook, take part in a poll or watch a video,

cash gets automatically added to your account, which could easily be

accessed once you start purchasing from one of the 50 retailers the app has

collaborated with.

#5. Use Social Media Platforms to find the Best Deals

As you might already know, big brands tend to announce exclusive sales and

offer coupon codes on their social media pages. So, following their accounts

will help you make high-end purchases at discounted rates. You could also

earn discounts by following the social media pages of restaurants, museums,

and hotels in your area.

Further, you can even undertake DIY tasks such as crafting jewelry,

showpieces and more by looking at Pinterest images. This again will help you

Mobile App Developers In India

Mobile App Development in India

save a good amount of money. Looking forward to developing

consumer-friendly, highly interactive social media pages for your brand,

consult top social media marketing companies right away.

Putting it all together

Budgeting is easier said than done. So, if you could review your budget

plans, time and again, and check your progress report every month, it would

do a world of good for your saving plans. This will not only ensure that you

don’t derail from your savings plan but will help you identify and remedy

issues quickly. This, in turn, will help you save more and reach your budget

goals faster.

Author bio: This is Jennifer Warren, staff writer at GoodFirms – a review

and research platform for top ecommerce development companies, mobile

app development companies, social media companies among many others.

A bookworm at heart, I have successfully guest blogged for top sites such as

Crazyegg, Semrush, Searchenginepeople, Sitepronews, Volusion.com,

Socialnomics, jeffbullas, mediapost among others.

Source Link :-

https://www.savingadvice.com/articles/2018/09/19/1061972_healthy-savin

g-habits.html

Mobile App Developers In India