Saving Enough of It - Deepstash

Saving Enough of It

To ensure that you save enough money, your wants should not exceed your budget.

  • Track your spending for at least a month.
  • Trim the fat. Break down your wants and needs.
  • Adjust according to your changing needs.
  • Build your cushion. Aim to save around three to six months' worth of living expenses.
  • Contribute to a retirement fund and try to get the maximum your employer is matching.

350

859 reads

CURATED FROM

IDEAS CURATED BY

elizabethvv

"I always say, 'People first, then money, then things.'" ~ Suze Orman

The idea is part of this collection:

Making Better Decisions

Learn more about moneyandinvestments with this collection

How to make good decisions

How to manage work stress

How to manage email effectively

Related collections

Similar ideas to Saving Enough of It

Saving up For Retirement, Together

  • Firstly, save up for the emergency fund, which is three to six months of expenses, and set it aside. After that, least 15% of your combined gross household income should go towards your retirement, once all debt is cleared.
  • If only one of the partner works, you still can save up for...

The next thirty days of saving

If you're unsure what you should be doing with your money right now, cut expenses and save every bit of money for the next 30 days. Then, reevaluate.

  • Did you trim as much as you could've?
  • Did you purchase anything you regret?
  • Did you fail to purchas...

The 4 Phases Of Personal Finance

Consider where you find yourself as each phase requires a different strategy.

  1. From nothing to something. This is where you live from paycheck to paycheck without any savings. Try to build a financial buffer of at least one month of expenses.
  2. Gainin...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates