Saving money is not the most advantageous and flattering thing to do, but let’s be honest, it’s a must! And it doesn’t really matter what you’re saving for – saving is a saving, you have to deal with it… People save money for various reasons: some buy cars, some want to buy a big and warm house, and some of them want to start their own business!
If you’re one of those people who want to start their very own business, but want to do it with their OWN money, you surely need to save! As you can tell, this article will show you how to save your money right, because who doesn’t like spending?
What Do You Really Need?
What exactly are you saving your money for? This is a very important question to ask yourself, because inexact and imprecise goals lead to nowhere! It can be anything: car, home, vacation, university, business and so forth!
If you really want to buy that car, you need to save money according to its price and the date you’re planning to buy it. However, if you want to open up your own business, you need to dive deep into research, papers and calculations!
To do so, write down all the things that require money: how much is the business license? What is the average price for business formation? How much do you need to pay a website designer? In other words, make sure you know the approximate amount of money you will need to achieve your goals!
After doing so, you need to do your own research. This can be done online; however, you can simply go to the suitable body or institution, and ask your questions. Now that you know how much money you will need, you can start saving your money! And remember,
“Do not save what is left after spending, but spend what is left after saving.”
If It Wasn’t for Deadlines, Nothing Would Be Done!
We at Prestige Auditors think that setting deadlines motivates you to work better and faster. However, even deadlines have to be reasonable! If you have $0 and want to buy a car, you can’t set a one-week deadline because in most cases that’s impossible!
So, consider the money you have to collect and understand when exactly you will be able to achieve your goal. What’s more, you need to take into account your salary, and how much money you are ready to save. If you set tough deadlines, you won’t have the expected results, remember!
However, deadlines are not enough! As we said, you need to consider your salary and your readiness to save some money! So, calculate your expenses and the money you’re ready to give, and figure out the amount of money you will be paying per day, per week or per month.
Let’s face it: saving for huge goals can be sometimes frustrating. You are getting tired of constantly saving, because all you think about is the money you can’t spend. However, there’s a really good way to motivate yourself. All you need to do is constantly check your balance. If everything goes as it’s planned, you’ll eventually have enough saved money which will motivate you to save even more!
There’s a good quote by Tony Robbins which says that “people who succeed have momentum. The more they succeed, the more they want to succeed, and the more they find a way to succeed,” and that’s completely true! It’s like addiction, you always want more because it is possible! The moment you believe that what you do is real, you will be motivated to do more! Here’s the quote that was mentioned above:
“People who succeed have momentum. The more they succeed, the more they want to succeed, and the more they find a way to succeed. Similarly, when someone is failing, the tendency is to get on a downward spiral that can even become a self-fulfilling prophecy.” –Tony Robbins
Motivation can even come from your friends or family. If you feel that you simply don’t have time to motivate yourself, you can tell this to your close ones. It’s like playing football while cheerleaders are shouting slogans, calling out your name and encouraging you to win, same thing!
In other words, if you feel that you want to do something but don’t have money for that, don’t worry! If you save your money according to money-saving rules, you will be just fine!
P.S. If you’re saving money to open up your own business, you can always contact us! We will help you define your goal, understand how much money you need, and start your journey!