Nowadays saving money is more essential. Because saving up will help us just in case something happen to us. This is also important in time of sickness, or when we are displaced from work.

Savings also secure your future when the time you have your own family, and also your senior year.

In this article I will discuss with you how to effectively save money.

1. You need to monitor your income and expenses

It is important for you to know the amount of your  earnings, and your expenses per month. It helps you to track how much money you can save in a given time.

This will also help you to eliminate the things that you don't need the most. So the money that you save from unnecessary expenses will add to your savings.

2. Know the things you need, and the things you want.

I think this is the very important thing to know in starting saving money. Because you should know to prioritize your needs over your wants. 

In spending you need to make sure to buy the things that you need. And keep yourself from buying the things that you don't need. Because when you prioritize only your needs this will help you to save more. 

3. Find other way to earn money.

Don't just settle for your job. Find another way you can create money. I'm not telling you to give up your job, because you can earn extra money while doing your job. 

Like you can start an online business, loading station, sell foods to your co-workers, and try online jobs. But make it sure to do this on your free time from work. And they are a lot of ways you can earn.

4. Stop spending too much on food.

Yes, eating is a necessity, but it is more important to save while we are eating. I'm not telling you to treat yourself sometimes eating at the restaurant. But make sure everything is in moderation. This will help you to save more.

5. You should know how to budget your money.

Budgeting your money is important for you to know how much can spend per month. It is good to follow the "50%, 30%, and the 10% rule. The 50% of your earnings will be used for your everyday expenses. For the 30% for your personal needs. And the remaining 10% for your saving.

That's how you can save more money. They are many other ways, but I share with you what I did to save effectively.

And if you have another idea to save don't be hesitate to share in the comment box.