Want to save money? Here comes 4 tips for saving!

Saving money is not always easy. It is not always comfortable either. Saving still may be necessary. It would be good, that you always have some extra money on your bank account because unexpected expenses could easily appear. Here are a few tips to improve your finances and at the same time, you can forget about the stress of economic worries.


1.      Try to save the amount of money which feels suitable for you to save, and save that amount every month.

It can be a few ten euros per month, for example. You can increase the amount when you feel like it. It’s better not be too ambitious in saving and investment. If the saving is started with too big amount of money, it definitely begins to feel tough. The good middle ground is worth remembering and enjoying life (Nordea, 2014).

2.      It’s easiest to start with a savings account

When you are used to saving money, you can plan new and more productive ways to save. Mutual funds are suitable to a regular saver. A Fund Investor can automate your savings, so that regularly, monthly for example, money is transferred from your account to the fund (Nordea, 2014).

3.      Make a long term plan

The decision to save money remains more strongly, if you have a clear goal. Think what you want to receive and set the goal according to that. Determine the investment period and recognise your own risk tolerance. It is also smart to diversify the investments (Nordea, 2014).

4.      Start now!

You should start saving immediately and not fret after a few years, why I did not start on time. The earlier you start, the faster you reach your goal.  Since the development of the investment markets can not be forecasted, it’s not worth to delay the start of investing by waiting for the cheapest time to buy shares (Nordea, 2014).

Saving even a small amount can help you save to large issues such as a house or a car. Savings, small or large, will also help in emergency situations. You do not need to resort to borrow money if you have money savings for unexpected circumstances. The starting is the hardest part.


TalousSuomi, Säästäminen. http://www.taloussuomi.fi/s%C3%A4%C3%A4st%C3%A4minen

Nordea, Säästöt, 2014. http://www.nordea.fi/henkiloasiakkaat/saastot/sijoittaminen/saastamisen-ja-sijoittamisen-suunnitelma.html

Lainaguru, Miten aloittaa säästäminen. http://lainaguru.fi/artikkelit/miten-aloittaa-saastaminen/

Photo: http://scarletoakfs.com/8-ways-to-save-your-money/


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