Researched and Written by Valerie Hui
You’re saving up for a new blender but it is taking longer than you thought although you’ve been saving for a good three months. The way you’re budgeting your money may not be working for you so consider these saving habits from the three types of savers.
1. The Budgeter:
They are the ones who won’t splurge on unnecessary things so they won’t go over their estimated budget. They will track everything from how much they spent in a day to how much they’ll have left in order to survive for the rest of the month. Not only do they think about their financial state now, but also how they’ll be able to cost effectively prepare for the future.
2. The Keep it Simple:
They are not as stingy compared to the budgeters because in the beginning of the month they set aside cash that’s for that they’ll be able to freely use. They will also purchase things that they know they’ll be able to afford.
And last but not least,
3. The Cookie Jar Saver:
When it comes to spending, they just don’t. Instead, they put their money in an emergency fund.