On this site we talk about increasing our income through investment, but to invest, we must first put money aside! As we have seen in previous articles, some people manage to save more than $1000 each month with an ordinary salary, while others end up regularly in the red at the end of the month with the same level of Income. In this article, I will detail the methods and give you a plan in 8 steps explaining how to put money aside easily.

How to put money aside easily?

Let’s see quickly why in my opinion many people can’t manage to save in long terms.

Putting money aside is a bit like making a diet: it is an effort that lasts in time, which does not bring immediate satisfaction, which may seem forbidding, and for which it is necessary to make calculations.

Human brain always seeks immediate satisfaction and short-term pleasures, which is by nature poorly equipped. What prevents you from saving as much as you would like is your brain before everything else. Fortunately you can reprogram it by changing some of your deep beliefs, which will make the task of putting money aside easier. ... 

This blog deals mainly with investment but as everyone knows, in order to be able to invest, it takes money. And to have money you have to save. In this article we will see how to save $1000 per month by having a completely normal salary.

How to save as much as an expert

I deliver below the 3 essential elements:

I. Establish a balance sheet of all your expenses

Get started by drawing up a full balance sheet of their current expenses. If you don’t know where and how far your money is spent, you won’t know how to stop the bleeding. I knew people who ate every day at the restaurant thinking that spending $25 every lunch five days a week had little impact on their finances. They also bought twice a day of coffees at $2. At the end of the month it made more than $300 of expenses dispensable. You will see immediately these $300 appear if you simply take the time to make a balance sheet.

It is possible in many cases to arrive at a winning compromise that will be cheaper and improve your well being (a simple example: preparing in advance your own food will be cheaper and healthier than eating every day at the restaurant). ...