How To Save Money Tips : 5 Alternative Saving Money

August 21, 2022

Swan Pedia - Saving is mandatory and very useful for the future, we can use the funds from saving for vacations, buy the things you want and can be used as funds in times of emergency. and lots of fun saving options. The following is Swan Pedia that summarizes tips on how to save money with 5 alternative saving money in addition to saving by using a piggy bank which is very common.

How To Save Money Tips

Save Money With Money Market Mutual Funds

You can save money as capital. tips on how to save money with money market mutual funds. This mutual fund is an investment that you can make through financial institutions such as banks. there is a relatively lower risk but with a higher rate of return on investment than just ordinary savings.

In money market mutual funds, your money will be managed to invest in state-issued securities such as bonds. The length of investment varies, consisting of short-term and long-term but usually less than one year. You also don't have to pay any subscription fees or anything like that. Just contact the nearest bank that offers mutual funds to try to get started.

Saving Money With Gold Savings

Gold is probably one of the most liquid and most popular investments in Indonesia. Besides being easy to get, the value of gold always goes up every year and rarely experiences a decrease in price, especially if you buy gold in the form of bars, coins, or gold jewelry with minimalist decorations. You can also easily sell or pawn gold so it is suitable as a means of saving money as well as savings.

If you don't want to keep gold at home. there is another way to save gold, namely you can open a gold savings account. With this, you can buy gold without worrying about having it stolen. The value of the gold you buy will also adjust to the trend of gold prices and increase at any time per year. Saving Money With Gold Savings has potential benefits, and at the same time makes it easier for you to save.

How To Save Money As A Student With Cash Box

How To Save Money As A Student with Cash box is a safe portable safe. In Indonesia, cash boxes are becoming known to the public as money boxes. In fact, there are still many people who call it a safe.

Cash box security locks generally have 2 types, namely digital and analog. In fact, it can also be a double security combination of both. The digital security system in question is a security system that requires a special serial number that we create to be able to open it.

The number will consist of a number of digits or letters. While the cash box with a manual system, namely security that requires additional keys such as adhesives, padlocks, and bandages. A good cash box that meets security standards must be classified as fire and water resistant and strong so that the money stored is not damaged.

Essay How To Save Money Investment

Another way so that you are not wasteful with a cashless lifestyle you can invest now. In today's digital era, you can choose various investment platforms, both long-term and short-term. In addition, you can also save money in the form of gold. The price of gold is quite stable and more durable.

Before deciding to invest, you should find out in advance about information on investment instruments and the type of investment that will be used. After that, choose an investment that suits your needs on a trusted platform.

How To Save Money As A Student with a Savings Challenge

You can apply this method by creating a savings challenge, which is to challenge yourself to save 365 days with specific numbers to be saved. You save a certain amount and must be consistent during the day or week that you have specified. You can use a daily saving table or a monthly saving table.

For example, you want to save as much as ten million rupiah, and you can start by consistently saving thirty thousand per day. Well, by using this method, of course, the goals challenge will be achieved quickly. Consistency is the key in this method of saving.

Essay How To Save Money What you should do :

Start with a Small Nominal Amount

You can start from 3% of your salary or pocket money. the most important thing is to start to try and be consistent even if little by little.

Collecting And Saving From Change

If you have a lot of change after shopping, you can save it first. Don't think that small money can't help you start saving.

Setting Saving Goals

Start saving for the things you love first. For example, to go traveling, invest or to buy something you want. By setting a goal for what to save you will be more excited to make it happen.

Goals make your savings strategy clearer and more focused. You can create short-term and long-term savings goals. When the goal has been determined, you just have to adjust to the type of savings taken. whether you choose short-term savings or long-term savings.