How to save? Check out the first steps to get started

While the bills arrive, with a due date, we often leave a dream aside here, another desire there. So, there can be that feeling of living just to payslips. If you scored one more point in identification, it’s time to turn the tables! 🎲

In this post, we listed unmissable tips for beginners on how to save. From now on, you’ll be able to save money to accomplish everything you’ve always wanted, without too complicated steps or fancy ideas, right? Good reading!

get debt free

You may be asking yourself, “but if the tips were easy, how does getting out of debt come in the first place?” In fact, this can be the trickiest part of organizing your finances. But just think how much it helps in the future! 🔮

When you don’t have any pending issues to worry about, you can think of other accounts and even save money for great personal achievement. If you have a loan or financing, see how amortization works – this complicated word is nothing more than paying off a good part of the amount to reduce interest.

Do a budget analysis

Think fast: do you know how much you earn and spend each month? This is very important knowledge for financial planning. That’s why you should make a very detailed spreadsheet with this information –– with all the expenses, even the very small ones, agreed? 📝

When you put everything down on paper, you can see better what they are:

• fixed expenses: those that appear every month, with little variation in values, such as house rent, consumption bills (electricity, water, etc.), course fees and so on;
• variable expenses: here, we have those expenses that are not as important as the fixed ones, so they may appear in some months and not in others. Veterinary for the pet, haircut at the salon, medicine and that meal outside the home are some examples.

Cut those unnecessary expenses

With the spreadsheet in hand, it’s time to observe the expenses that can be for later or even be cut from the budget altogether. An example is meals outside the home: you can always take that delicious lunch box made at home and prioritize family moments, don’t you think?

Often, we make those purchases on impulse , without thinking about whether they are really necessary. In the end, it can be a piece of furniture that is little used in the house or an accessory that doesn’t quite match your style. Even if the promotion looks good, it might not be the ideal time for this expense.

Pay attention to purchases in instalments

Buying in instalments on your credit card or with the store’s instalment plan is an excellent alternative to get that piece of furniture that is missing in your home, for example. Just keep an eye out not to gather too many instalments at the same time or make a commitment you can’t afford. 👀

These amounts should enter your expense sheet. Preferably, follow them closely and consider that during that period of the installments you have a fixed expense. And if things go unplanned and you can’t pay for that month’s payment, always prefer to go to the store, explain the situation and have a chat, than leave it to resolve later.

Invest in price surveys

Think about whether the purchase is necessary and keep an eye on the instalments? Now you know it does! When the family needs something, it’s worth investigating the prices in different stores or companies to find the one with the best value for money. 🕵️‍♂️

When planning purchases, you can take advantage of good offers and not fall into the red on account of impulse, right? If possible, check the websites of stores you trust often to keep an eye on promotions for the product you want.

Motivate the whole family

Have you ever thought if you are making the greatest effort to save money and your family members don’t think the same way? It’s harder to follow through on the planning, don’t you agree? So, give that beautiful speech and show the advantages of this mission together. 🗣

Explain that, in order for everything to work out and conditions arise to make their dreams come true, it is necessary that the whole family contributes. See how much you can save with this help: house lights on for less time, faster showers, less frequent shopping for superfluous things, and so on!

Dream big

No, we are not telling you to keep 50% of your salary. That’s not even possible at first –– unless you win the lottery or discover an inheritance. 🤑

Nor does it mean that you can want to save R$100,000 in the short term. Dreaming big involves setting realistic goals that really motivate the whole family. So consider those from:

• short term: save at least R$ 50.00 every month, exchanging a lunch at delivery for this savings;
• medium-term: do away with some card instalments and start saving R$100.00 per month;
• long term: being so financially organized that it is possible to save more than R$200.00.

Make an emergency reservation

You know that nest egg you always wanted to do to save yourself from suffocation? 🧦

The time has come to put this idea into practice. After all, the tips on how to save, part of being debt-free and investing in a financial organization, do you agree? And the best way to achieve these goals is to plan ahead.

So, how about inserting in your expense sheet a percentage for the emergency reserve, in addition to what you will already save? As with the other steps, you don’t need to think big at the beginning: separate what you can just be sure to save that money. Consider it an essential expense that gets so much easier!

Now that you know how to save and that this is not an impossible mission, get to work! Just think about the quality of life that is seeing your money pay off until the end of the month and make your dreams a reality. Don’t leave it until tomorrow and see how your efforts soon pay off. 🎁