10 tips to save money even if you earn a low salary

If you are part of the team that does not earn high salaries and tries hard to save money to plan a happy future, do not worry. Here are 10 important tips for continuing to spare money even when your salary does not have multiple numbers.

1) Write down all your expenses

The first step to start saving is to have organization and a lot of discipline. You can use a notebook to keep track of your expenses or, if you want something easier, you can use smartphone financial control apps. The important thing is to write down any and all expenses, even the smallest ones.

2) Understand the dynamics of your checking account

After a few days of recording everything going in and out of your wallet, it will be easier to understand where your money is being spent. That way, you can cut out habits that empty your pocket, like having breakfast in the bakery every morning, and focusing on saving.

3) Rethink your financial life

When it comes to cutting expenses, you need to revisit some attitudes. Stop and reflect: "Do I really need the best cable TV package? How can I make grocery shopping cheaper? " Willing to change your habits is the first step to start saving money. That does not mean, of course, that you should give up everything you like, okay?

4) Set clear goals

When it comes to how much you will save, you need to have a clear goal in mind. Do you plan to save money to do what? Buy a car? A house? Travel around the globe? Have a quiet retirement? Having a clear goal is paramount in order to stay focused and not give in to the temptation to buy something that is not part of your plans.

5) Save an amount every month

It is very important to have discipline to save an amount of money monthly. And do not leave it to save by the end of the month! Once your salary enters your account, transfer the money to a savings account, for example. Try to save at least 15% of your monthly income, but it's worth saving a little more if you get some extra cash.

6) Pay bills on time

One of the situations that make you lose money is to pay bills overdue. Fines may seem small at first, but when added together for a period of a year, for example, the total may be missing in your pocket. That way, once the paycheck goes into your account, pay for all the essential bills, such as electricity, telephone and water.

7) Buy in cash

Many people lose track of the value of certain things because they have become accustomed to using the credit card. To avoid losing control of how much you can spend and acquiring debts, the best thing to do is to buy everything in cash. If you do not have the full amount in your account to make a purchase, it is best to wait a few months to buy the product.

8) Go grocery shopping with a list

A very common mistake is to go shopping hungry and without prior planning. Before leaving the house to go to the supermarket, make a list of important things that are missing, such as personal hygiene and cleaning products. Take advantage of going on promotional days, try to make use of coupons and family sized packages.

9) Think before acting

A cool tip to avoid buying things on impulse is to set a deadline for thinking. It is worth waiting 24 hours or, depending on the weight of the decision, 30 days. Many people think that if they do not seize that moment, they will miss a golden opportunity. But in many cases, they end up regretting opening their wallets without prior reflection.

10) Do not buy, reuse

Another way to save money is to buy used or semi-new things. There are websites that make it easy to buy and sell second-hand products. It's no depreciation to buy something already used by other people, sometimes you get the same quality of a new product for a way better price.

These are some tips that can help you save money even when your salary is not too high. Focus on your future and what you want to conquer to avoid falling into traps for your pocket!