5 Practical Money Saving Hacks – How To Save More Money Each Month!



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DeLet take a look today at 5 tips that will allow you to save tons of money every month.

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So let’s jump in. Let me introduce to you three of my friends, Bill, John, and Brandon Bill is 25 and loves spending money. He is like most of us, he doesn’t save money because he has a stable job with 36K dollars after taxes that covers all of these expenses, mortgage, car and the new iPhone he recently bought. As time goes by, Bill gets married and he becomes a father.

Now instead of covering only his expenses, he has to cover his child and probably wife’s expenses as well, but his salary only has increased by 15 percent in the last 5 years. Now he has to cut down his spendings to be able to pay all the necessary things. As life moves on, his salary keeps increasing but not as much as his expenses.

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money photo so after many years, Bill decides to retire but he finds that he hasn’t saved any money so he is left with no other choice but to keep working. On the other side, John doesn’t want to find himself in the position of Bill when he reaches his 60s, so he decides to save 10% of his income, hoping that by the time he is 65, he can stop working and enjoy his life. After 40 years, assuming that his income increases by an average of 3 percent a year, he manages to save 264, 385 dollars.

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