Your 20s is one of the most difficult times to save cash. That’s usually because you might be a student (and not earning) or you might be doing your NSS (you only get 559 at the end of the month) or you might even be at your first job (which also means that you’re not earning that much). In addition to all of that, your 20s is also a time for enjoyment, which we all know isn’t cheap. Here are some tips that will help you save money in your 20s.
Don’t Take More Cash Than You’ll Need
If you want to save money then you need to reduce how much cash you’re carrying on you. If you’re going out to buy something or even going out with friends, you need to come up with a budget and take that much cash. Taking more cash than you need can be bad because simply having the cash on you makes you that much more likely to spend it
Stay At Home
If you’ve already gone over budget then don’t be making plans with anyone. Just stay home and you can avoid 99% of the things that would cause you to go broke. If you want to save then you have to learn to say ‘no’ sometimes when people are trying to make expensive-sounding plans.
Find A Finance App That You Can Actually Use
You’ve probably heard that a finance app can help you manage your finances better. While that’s true, the reason that most people end up not using a finance app is that they don’t take time to find the one that works best for them. If you’re looking for a money management app, then you have to be prepared to use at least a couple of them. Some good recommendations for finance apps are Money Manager – Expense Tracker & Budget Planner and Dollarbird.
It always feels easier to go out and buy a meal than cooking one for yourself. However, if you’re in your 20s and you want to save, one of the best ways to make sure that you’re able to spread any money coming further is by cooking your own meals. It might be more convenient for you personally to buy, but your bank account definitely won’t feel the same way.