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Undoubtedly, the popularity of social media networking continues to soar high and many companies are looking into more ways of using this platform much to their advantage. If social media is in, it wouldn't be a problem to take the idea of saving money more seriously now, isn't it? Because recession threatened and forced various companies to close down and left many citizens with no work, the government is urging its citizens to save money when they have work. Even though it's a bit difficult especially when there's so many things you have to pay for and purchase, saving should really be considered as a must task to do. However, if you're a worker with low income every month, saving could really be quite a challenge. There will be decisions you'd have to make even though it's difficult. It doesn't just involve saving money but carefully deciding where to spend your money. Making a Budget and Sticking to It: If you want to save money, it is better to make a budget as early as possible and stick to it. Making a budget that will help you control how much you spend a week or for the entire month. If you're used to eating dinner outside then it's time to change it by buying groceries and just cooking at home. If you're used to buying Starbucks coffee, make your own coffee at the office's pantry. Budget the money you'll spend till the next payday. In most custom essay writing posts, it advises to be determined in sticking to your budget. Always Check Where you Spend Money and Cut Down On It: Every month, you will have bills to pay and groceries to purchase. It's understandable that you'd need to spend at least 50% of your salary for things you need to buy. However, if you assess where your money goes, you'll discover that there are things you buy which you don't need. Re-assess where you really spend your money, and determine if you really need to buy it or just cut down on it. Follow the 50/30/20 rule: The 50/30/20 rule is really important in saving money even when you have low income. Spend 50% of your money to the things you need to pay like monthly bills, groceries, medications, and more. 30% should go to the things you want to buy for yourself while 20% should be your savings. You can interchange anytime like 30% goes to your savings. You need to at least spend some money for yourself to know that you still reap the fruits of your labor. All in all, saving money shouldn't be a hassle to you especially when you only have low income. It should be a fruitful experience and doing it regularly would help you keep at doing it.
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