How to save money? This is always the question that starts everything when we come to the conclusion that something is wrong with our budget or personal finances. When we see that our wallet is starting to empty and the blanket seems to be shorter than it seemed. Then we start looking for savings. I am very glad that you have just found my blog and so as not to waste any more of your precious time I will get to the point.

First of all, you need to realize that saving is a continuous process and unfortunately requires sacrifice, almost "taking money from your mouth". However, if you approach it rationally, it will allow you to improve your financial security and mental comfort.

So let's get to work:

First of all, we should determine the balance of our income and expenses - first, let's determine what our income is, i.e. the funds that come to us each month in the form of a salary. This will allow us to determine whether we are below or above the line.

For the purposes of the example, I will use average amounts. So let's assume that we earn a little over the median, i.e. around PLN 4,000, we live in a 3-person family where both people work and earn the same, and our child is of preschool age. Additionally, we receive the 500+ benefit.

So our family income is 8500 PLN net (in cash). Now we need to look very carefully at our expenses. Let's assume that our model family has the following expenses:

Mortgage (or rent) and housing charges including rent, electricity, water and gas at the level of PLN 3,000, kindergarten PLN 1,000, liabilities under loans or credit cards PLN 500, expenses for food and daily needs PLN 1,500, clothes PLN 500, expenses related to transport, telephone or Internet access PLN 500, other expenses PLN 500.

This gives us an amount of PLN 7,500 – these are the minimum fixed expenses for our family.

And now I come to the crux of my saving method – the surplus that the family achieves, i.e. PLN 1,000 immediately after receiving the salary (it is very important to make this transfer on the same day immediately after the salary, when there is enough money in the account) is transferred to a specially set up savings account within our personal account. Thanks to this, this amount will be in reserve, but it will not be so easily accessible to us, which increases the chances of saving it

Of course, as the month progresses, it will turn out that the budget we set up is not met or something unexpected happens. Then we withdraw funds from the savings account (e.g. PLN 500), and at the very end of the month, when the account is really empty, we withdraw another PLN 200, just to make it to payday.

In this way, we start the next month with a balance of +300 PLN (we have savings!), to which we pay the next surplus. The next month we can try to save even more - and so on every month. After a year, we can count on savings of around 4000-5000 PLN, it may not be much, but these will certainly be savings thanks to which we will feel safer.

To sum up what you need to do is:

• analyze your budget and determine how much you will need to live on in a given month,
• deposit the surplus into a separate savings account (within the account),
• try to withdraw as little as possible from your savings account

In the next posts I will try to give possible examples of how to obtain a budget surplus and how to save in everyday life, I invite you to follow my blog about personal finances ZaradniFinansowo.pl