Its time to build the habit of saving

Saving is hard for everyone which is why initiatives like Savings Month are so important. No better time like now to start saving.

Putting money away for a rainy day doesn’t come naturally for most of us, so the key is to start small. Contributing what you can, will help you develop the habit.

Here are some tips on how to build that savings habit:
1. Set a goal and ask yourself, what do you want to save for? This will help you decide what you would like to do with the money you save.
2. Look at your spending habits and find ways to cut down costs. It could be as simple as not buying that extra cup of coffee or pair of shoes this month.
3. They only way to make it a habit is to make it a regular thing you do, so make sure you start saving some money each month
4. As your income changes, remember that you can add more to your savings and help achieve your goal a little faster
5. Always think savings. If you have a little money left over at the end of the month, save it. No need to spend till the last cent.
source:blog.standardbank.com