It’s hard to forget what day it is when your pockets are running empty. After you spent most of your salary during the first three days of the month, you carry the burden of sustaining your finances till the end of the month. The process of seeking a magical formula to make it till your payday is a nightmare that most of us just want to wake up from. As an attempt to help ease your financial worries, 925 explores five saving options to help you make it to payday.
Save the coins
VIA Numista
Most people owned a moneybox when they were younger and they saved their coins in it. But as time went by, they started to lose track of them, whether they pay it to the sayes (person who parks your car) or accept taking gum in exchange. However, saving these coins on a daily basis can eventually help you gather a good amount of money that can come in handy during a time of need.
Open a savings account
VIA Forbes
Putting your money in a savings account can help you gain interest on the money you deposit. Not only will it help you gain interest, but it will also help lessen your spending habits because you carry a minimal amount of money in your pockets and the rest lies safely in your bank account. Due to the fact that some stores still prefer cash transactions in Egypt, you’ll probably be too lazy to search for an ATM to withdraw some cash.
Bring in your own lunch to work
VIA Amazon
When it approaches mid-day and you start to feel hungry, you might opt to wait till you get home rather than spend extra cash on food. However, then comes the colleague that asks “pizza or shawerma” and you just can’t say no. But if you have your ready homemade meal, you will end up declining or ordering a smaller portion, which will save you some money.
Set your priorities
VIA SoftCo
Try to start monthly plan on how to spend on your priorities effectively and efficiently. For example, allocate a budget for grocery, gas or even outings. This will help you monitor your expenses, which will make you more careful towards what you spend your money on, and at the same time calculate your own opportunity costs.
Look for another job
VIA MYC!
YES! it might seem weird, but this might be the biggest problem solver. With the rise of technology and flexible working conditions, you can find another job that fits your busy schedule. You can be a part-timer or even a freelancer, and at the same time maintain the quality of your work at your main job. This will help you earns bit more.
