Where to put money?
It is good when we can save some “extra” amount from our salary. This shows that we are able to handle money rationally. But where to put the money so that later you do not regret this investment or spending? In our article we will try to give you reasonable answers to this question.
Get, save and spend wisely
You can act like a reasonable German hostess. She always puts aside savings in different envelopes and under no circumstances takes money from deferred money, even if times are tough. So you can make not one, but several piggy banks for different purposes. For example, think about what you lack in life or what you can save money for, what you need, what you need after a while. Perhaps this is your child's education. In our time, every day it is becoming more and more expensive to study in higher educational institutions. Therefore, if you begin to save money for these purposes, you will justify your efforts, since investing in children is an investment in their future.Another option is to postpone housing or cottage. Real estate is very important and will always be in the price. Therefore, having bought a new apartment, you can rent it out and thereby make a profit.
You can still save money to buy the necessary things in your home or for repairs. If you live in a private house, you can equip the front garden by planting ornamental plants, in the apartment you can replace, for example, plumbing. You can also start putting off on an unforgettable journey that you previously could not even imagine. For example, a trip to Goa or a trip by boat on the rivers in Scandinavia. It is wonderful to experience these great impressions! But for this you need to regularly save money.
Where to donate money? Take them to a reliable bank for a certain account. So you save yourself from too much temptation to spend money, as if they were in cash at home. You can save money on a deposit account in a bank. This is also beneficial if the money is in your state currency and you put it in a safe bank for about a year. It is worth going through the banks and choose a good interest rate with the possibility of replenishment. So you can increase your account.Interest withdrawal only at the end of the term: usually rates with such conditions are always the most advantageous.
You have already figured out where to spend the money. Take your income. Separate the amount that goes to pay utility bills and food, then separate the required amount into small expenses, and fix the resulting surplus on paper to know how much you will save each month. So for the year you will be able to postpone a decent amount of your dreams and desires.