Saving money is one of the most difficult things nowadays. One of the main reasons why many people are not able to save money is due to the fact that inflation growth has surged a lot. The year 2024 is a kind of year where people have witnessed a lot of problems in regards to saving money. This is due to the saving money is quite hard this year. People had to pay their bills and clear debts. Fuel prices surged a lot. The price of other items also increased. So, how can you save money before this year ends?
How to save money in 2024?
- Thread starter good-guy
- Start date
I don't think saving money is quiet different than it was in 2020, when it comes to saving money there are some laid down principles you ought to follow in order to do it successfully, I recommend reading Richest Man in Babylon by George Clason to anyone that's finding it difficult to save.
When you get money in terms of a salary or a payment for your service or products, you pay yourself first and save atleast 10% of it, by doing this you are deploying compound interest to work in your favor and it will reward your savings as much as you're consistent with it.
When you get money in terms of a salary or a payment for your service or products, you pay yourself first and save atleast 10% of it, by doing this you are deploying compound interest to work in your favor and it will reward your savings as much as you're consistent with it.