Salary and Personnel / 26.08.2023

Accumulate accumulated wealth and money. How to save money without denying yourself everything? Savings for two accounts

In other words, you have no motivation. Agree, it’s one thing to deny yourself something for the sake of an abstract idea of accumulation. It's quite another to see a specific goal in front of you, like buying a car, that you're getting closer to every day.

Another problem is that many people at the beginning of their journey do not fully believe that their goal is actually feasible. To believe in your dream, you need to describe it in as much detail as possible (in the example of a car, choose the make, model, even color), accurately calculate the required amount, estimate how much you could save every month. This will give you an approximate date when you can make a purchase.

You're setting your goals wrong

You also need to be able to set financial goals. A correctly set goal meets 5 characteristics: it is clearly formulated, measurable, achievable, and achievable within the stated time frame, and is truly your goal, and not someone else’s.

What does an incorrectly set goal look like? “I want to save up for a car.” What car? How much to save? When? A correctly set goal sounds something like this: “I want to save 500 thousand rubles in 3 years to pay extra for a new red Renault Logan complete with air conditioning.” Do you feel the difference?

Or you are paying off loans. You live from paycheck to paycheck, and barely have enough for the basic necessities.

In fact, this is not a reason, but an excuse - so as not to put things in order in the family budget. Most of the people from whom I have heard such complaints first claim that they have all their money written down to the last penny. But when they actually start tracking their expenses, they find that they spend up to a third of their income on all sorts of nonsense.

Some are surprised to learn that they spend up to 5,000 rubles on sweets, sausages and other food waste. per month. The latter are too lazy to go and apply for a subsidy for utilities...

While you save, life will pass you by

In other words, you are being hindered by a bunch of “wants” that are fueled by mass culture and social networks.

We are accustomed to certain standards of living, and it is difficult for people to deny themselves certain things: an annual vacation abroad, a salon manicure, daily coffee in a coffee shop. And it seems: but this is a trifle, these 2-5-10 thousand will not solve anything when you need to save a million. It is difficult to make something big and whole out of small things. And it also seems that while you save, life will pass you by.

In fact, a daily cappuccino on weekdays costs you 4,500 rubles. per month or 54,000 per year. Is it a little or a lot? What about the habit of buying groceries at a store near your home, because you don’t want to stress and plan for a week, or even a month? And the habit of buying gifts in a hurry, just before the holiday, ends up buying some expensive and unnecessary thing. Although you could take care in advance and order online at a discount...

And further. If you "can't save on a child." Recognize that it doesn’t really matter to your child whether he’s wearing leggings and a T-shirt or a trendy bomber jacket and skinny jeans. That it is more convenient to walk in the yard in a waterproof overall, and not in a parka jacket with a fur trim. If you want to be fashionable, buy fashionable things for yourself. And provide your child with simple and comfortable clothes that you don’t mind getting dirty.

No airbag

Yes, yes, the fact that you are saving for an apartment does not negate the fact that you should have a separate account where the inviolable NZ lies. If there is no such account, all sorts of unforeseen situations will constantly prevent you from accumulating money: oh, a toothache; oh, my winter boots are torn; oh, CASCO for the car must be done... The account with savings for the apartment must be inviolable, this is the only way, otherwise it will not work.

You don't trust bank deposits

It’s not enough to save, you need to save. The most common option is a bank deposit. There are deposits that can be replenished, and those without replenishment. For those who are not replenished, the percentage is always higher. If you already have a large amount and you plan to continue saving, then the most effective way would be to open two deposits at once. Pledge a larger amount at a higher interest rate without replenishment. And on the second, replenished deposit, collect a new nest egg.

It is also important to choose the right deposit term. If you're saving for a big item—like a car—calculate how long it will take you to save up the full amount. And open a deposit for such a period.

If this is just a deposit where you have a safety net, then it is most convenient to choose a deposit for 6-12 months at the most favorable rate. The main thing is that such a deposit has the possibility of partial withdrawal without loss of interest: suddenly the money is urgently needed.

Finally, you must choose a deposit that provides for capitalization: that is, adding interest to the body of the deposit. In this option, the bank charges new and new interest on the interest paid. Over a long period of investment, amounts begin to grow exponentially.

According to statistics, 90% of Russians have never received. Meanwhile, a husband and wife with a white salary can receive up to 31,200 rubles together. annually as a deduction for expenses related to treatment and education.

Anyone who bought an apartment or house can return up to 260,000 rubles. from purchase and up to 390,000 rubles. for mortgage interest paid.

Let’s not forget about other benefits and subsidies: for utilities, for example. About various loyalty programs that charge interest on the balance, etc. and so on.

Don't save "random" money

An unexpected bonus, a chance part-time job, repayment of a debt that you no longer counted on... Many people treat “accidental” money like this: easy to come, easy to go. Some even have some superstitious beliefs in this regard that this will help attract new cash flows.

Alas, it won't help. You will just waste this money on nonsense. It's not scary, because they are "random". But there is nothing good in this either. The easiest way to save is from such casual earnings: they are not scheduled for expenses. Your monthly budget doesn't take into account unexpected extra income, which means you won't have to save to save.

Discussion

What about the possibility of saving into a bank account? I want to open a deposit, with a ban on withdrawal until the end of the deposit period, so I can collect a decent amount of money. I’m looking at deposits in my Raiffazenk Bank personal account [link-1] and I’m thinking of finding the best deposit offers. Does anyone have deposits in this bank, is it reliable? I need capitalization of deposits and the possibility of monthly replenishment. I want to take care of my future myself.

And if you don’t buy food waste anyway, you cook everything yourself, and you never have coffee outside the home, let alone every day, what can you save on?)) By the way, you’ve already chosen a tax deduction. And instead of foreign vacations - housing with a mortgage and education of children.

10/19/2017 07:14:54, Uh-huh

It’s hard to live on a salary. You have to dodge and save money all the time. Moreover, this saving can be very nauseating when you want to go somewhere to the theater. or karaoke. But you can’t because there’s too little money. and money is always needed for something else. for example, a dentist.
I went to the free one. yeah. right now 400 rubles for a painkiller injection. 2000 per filling.
did I save? undoubtedly. but she also paid money.
clothes are becoming more expensive. products are becoming more expensive. little pleasures disappear...

yeah, keep your money in the bank, it's insured. Just keep in mind that the bank may suddenly close down just when you desperately need your money, and you will be running around with friends or taking out a loan.

I want random money :) Gee. Recently there was some kind of promotion and I received cash back. So I already called the bank, like, oh, what kind of money did they send me?

Write an article for real people living in the province.

How interesting. The article is about me. Especially the point about “the salary is too small” and “while you save, life passes you by.” Oh, and I also don’t trust bank deposits. It seems to me that they were invented specifically to rob investors, at least in our country. As soon as I take the money to the bank, everyone will know that I have money and will probably try to take it away. It doesn't matter what bank it is. It would be better if there was no money at all, then no one would take it away. :)

Comment on the article "Why can't you save money? 8 reasons"

Saving for a specific goal

It is very difficult to save and save money just like that without a goal. Even such a seemingly useful thing as a financial airbag is inherently intangible and you will not receive any rewards from it. If we compare a person with trained animals, who receive a piece of sugar for every action, then at the end of the journey (savings) he should also receive a reward for his labors.

Therefore, a specific goal is needed - why are you saving money?. Let it be a new TV, a trip to the sea, or even a car. You must know why all this is started. And what will you get in the end? This will be great motivation for you.

Determining the deadlines

The second important step is determination of deadlines during which you plan to achieve your goal. The deadlines should be realistic and at the same time not too long.

If you plan to save up to buy an apartment in 2-3 years, but you yourself receive 20-25 thousand, this is an unrealistic period. On the other hand, if you decide to save up for a TV worth 25-30 thousand within 2 years, putting aside 1 thousand a month, with a 100% probability you will give up halfway through the process - the period is too long.

Choosing the right timing will greatly boost your motivation to save. Knowing that in, say, six months I will go to the sea, I will force you to stick to the plan.

Monthly fees

Knowing what we need and how long we plan to achieve it, we can easily determine the amount of our monthly “donations.” Let’s say, if you plan to buy a new laptop for 42 thousand in six months, you should save 7 thousand rubles per month. If such an amount is unaffordable for you at the moment, then you need to increase the period, for example, to a year.

Can you manage to save 3.5 thousand monthly? Then great.

Prioritization

As a rule, a person wants everything at once. The important thing here is to determine what you need first. If you chase two hares at once, you will not catch either. How does this apply to us?

You need to define no more than 2-3 goals for yourself. Or better yet, just one. After all, if you simultaneously save for a TV, a new fur coat, and a trip to the sea, the savings period will increase significantly. It's better to save up for one thing that's most important to you first.

Cost control

Successful and rapid accumulation of funds is impossible without drawing up a personal financial plan (although accumulation is also part of this plan). Cost control is one of the most important components in this chain. You must analyze all your expenses and determine where and what your money goes to. Next, we determine those expenses that can be reduced or even eliminated altogether.

Trips to cafes and restaurants are unnecessary expenses, and they burn up a significant part of your budget. Some of this money can be used for other useful purchases.

After analyzing your spending, you will be surprised at how much money you spend going nowhere, on all sorts of unnecessary little things. For ordinary people, the share of such expenses ranges from 20 to 30% of their income.

By optimizing your expenses, you get a certain amount of free money, which you can put into savings to accumulate for your goal.

At the end of the road

About a month before reaching the deadline, monitor the market for the cost of the product (service) you are purchasing. You can always find any product at a price lower than you originally planned. Why buy in the nearest store if, for example, you can order on the Internet or find the same product sold at a discount in another store. This way you can save at least 10-15% and even more.

It is likely that you will immediately buy this product, a month earlier than planned. (you will receive a discount exactly equal to your monthly investment in the piggy bank).

As they say, the wolves are fed and the sheep are safe.

Let's look at all of the above using a specific example.

Your income is 30,000 rubles monthly

You are planning to go on vacation to the sea in a warm country (GOAL)

This pleasure will cost you 96 thousand rubles.

You can save up in 1 year by saving 8 thousand rubles, or in 2 years by saving 4 thousand. (TIME)

Saving for 2 years is not an option, you think. I want to go as quickly as possible. But..... saving 8 thousand monthly is too expensive for your financial condition. The money is almost all gone anyway. And there is practically nothing left. You can save 5 thousand, no more.

Having analyzed your expenses, there are certain expenses (about 3-4 thousand) that can be called “unnecessary” and which you can completely do without (Expense Control).

As a result, you can painlessly save 8 thousand per month every month.

In about a month, you begin to look at the cost of tours for various tours. agencies A week passes and suddenly, lo and behold, you are offered the same voucher with a 20% discount, costing 77 thousand rubles. You have the money (11 months x 8 thousand = 88 thousand), you buy it right away.

Goal achieved!

“extra” expenses were optimized, which allowed you to find additional money;
you saved 19 thousand rubles;
reached the goal a month earlier;
and most importantly, you passed the test, walked towards your goal for a whole year and did not deviate from the path. You are well done!

Last update: 03-08-2019

How to start saving money? Simple examples from life.

Example No. 1 – How much money can you save and accumulate using cards?

Let's say, monthly income is 20,000 rubles(10,000 rubles – expenses for which discounts apply, let’s say 5%), we set aside another 2% of income as soon as we receive it.

As a result, in a month manages to postpone 20,000 rubles * 2% = 400 rubles, 10,000 rubles * 5% = 500 rubles, total 900 rubles can be saved monthly.

Over the course of a year, the amount of 10,800 rubles will accumulate, without taking into account the fact that this money can be deposited at interest.

Yes, the number does not seem large, but I think everyone, at least once in their life, lacked just that amount of money, and there was nowhere to get it from.

Example No. 2 – How to save without noticing?

For all payments (utilities, internet, telephone, credit), transfer money with a reserve of a few percent. Thus, after a few months, an overpayment will accumulate on your account, which can be offset as payment for a month.

I pay 50 rubles more for the phone and 100 rubles more for the Internet. As a result, over the course of half a year, the amount of several monthly payments accumulated. Now, even if I forget to pay on time, my Internet is not cut off, which sometimes happened before.

This method is good because such accumulations occur unnoticed and painlessly, since the amounts are quite small.

Also, many banks have now begun to offer a tool called “Goals”. When part of your money is transferred to a separate savings account and it becomes inaccessible from the card, you can no longer spend it spontaneously. Although you can transfer back at any time.

You can set up an automatic transfer on payday, for example, 5% of income. After some time, you will get used to it and won’t notice, and the money will accumulate.

Example #3 – Set aside and save 50% of each salary increase.

The idea is simple - when you suddenly receive unplanned money, it will be easy to set aside 50% of the amount for savings. After all, you are not yet used to building your budget with them.

Eg, your income is 30 thousand rubles and all expenses are based on this amount. One day a promotion, salary increases by 10 thousand.

If you immediately start saving 5 thousand from your nickname, then in a year you will have at least 60 thousand rubles in your account, or even more.

If you've already started saving money, congratulations - it's a smart step towards a secure future. Ideally, your cash cushion should be enough for six months of life without financial income. But even if you make a profit every month and increase your savings, this does not mean that your strategy is perfect.

David Blaylock, a financial planner, analyzed the common ones and gave some tips for improving them.

Strategy No. 1. Putting aside what remains

So, you pay your monthly bills, maybe spend a little on entertainment, and then whatever is left over goes into your bank account. Knowing that you actually have money, you may spend more than you should and then use up your savings funds. Plus, it's hard to set a specific savings goal because you can never be sure how much will be left after all the expenses. You can try another method instead.

So how should it be?

The very first bill to pay after payday is your savings account.

Make this your rule and perceive it as an obligatory and most important part of payments (of course, if you have enough money to pay all other bills).

Set up an automatic transfer of money from your bank card to your savings account at the beginning of the month or from each cash receipt. If you just set up such an automatic money transfer and forget about it, after some time the amount of accumulated funds will greatly surprise you.

Strategy #2: I transfer money to a savings account

So, you are regular - that's great. And a savings account with a plastic card is very convenient. But this also has its downsides.

If you run out of money, you risk withdrawing your savings or even spending them on an unexpected but very desirable purchase. And, most likely, you will do this, because withdrawing money is very easy: it is always within reach, you don’t even have to go to the bank, just use an ATM.

So how should it be?

Open a deposit in a bank for 6 months or a year. This way you will definitely not waste money intended for storage. Just don't invest everything. Leave some in your regular emergency savings account.

Strategy No. 3. All my savings are in one account

When you only have one savings account, the money in it seems to accumulate quickly and is enough for everything. If you're only saving for one thing, like an apartment or a vacation, then you're fine. But if you have multiple goals, one bank account makes the calculations difficult and you don't see concrete progress. It is more difficult for you to understand what you will have enough money for and what you will have to wait for.

As a result, it turns out that after spending your savings, for example, on a vacation, you leave nothing for a new car.

So how should it be?

It is better to create several accounts, each of which will be dedicated to a specific purpose, for example: “for home”, “for vacation”, “for a child’s education”. This will make it much easier to calculate your finances and see real progress.

Strategy #4: I save large amounts at once when I can.

Some people do not save money on a regular basis, but save large sums at once when a lucky chance occurs. With this method of accumulation, feelings of abundance and guilt alternate. The latter is when you have to take money from your savings. The disappointment of this may even discourage you from ever saving money again.

So how should it be?

The best thing to do is set savings goals for yourself and work towards them. Determine a specific amount of money to save every month. If you feel like you can increase it without compromising your quality of life, do it. But! Contributions must remain consistent and equal.

Strategy #5: I save as much as I can.

Despite the need to have savings, you shouldn’t get too hung up on it and deny yourself pleasures. They are the ones who help us stay happy and maintain mental health.

So how should it be?

If you haven't had a month in which you can contribute money to your "emergency fund," put off all other payments and gratifications until you can.

Once your six-month emergency fund is replenished, Blaylock advises changing your strategy. Since small cash savings yield little money, it is worth considering longer-term ones with good interest rates.

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Use of a basement in an apartment building

Accumulate accumulated wealth and money. How to save money without denying yourself everything? Savings for two accounts