5. Set it, and Forget it
- One effective budgeting tip is to move some money to a savings account every payday.
- Better yet, arrange for automatic transfers through your bank.
- This way, you can save money without much effort.
- Small deposits can add up to significant savings over time.
TIP: Set up automatic deposits through online banking into your savings. A good guideline is to put aside 20% of your income for savings.
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Lawyer turned Artist Visionary Curator & Gallerist. Empowering self-love and joy through art & words. www.innerjoyart.com 💝 Instagram : dymphna.art
Budgeting is a very important aspect in one's life and business too. Personally, I think it will be beneficial if this is taught to children as part of their early childhood education. It can support building financial literacy, discipline, awareness and self-control since young.
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