5 Habits that Make Your Live at Ease

When your life confronts many obstacles time and time again, it would make most people give up saving and turn to focus more on daily expenses. However, savings is the most important thing in life, then we would like to give you some tricks on how to form your savings habits for your better life in the future. 

Saving before spending is always effective 

Start with separating savings accounts from daily expenses. Normally, when people see their balance, they always find the way to waste their money. So, when your salary comes, you should hurry to transfer to your savings account. Besides, you could transfer some money to other bank accounts you create for other financial purposes, it would inspire and stimulate the formation of your saving habits. 

Avoid all spending trigger that waste your money 

Be observant to the cause of your purchase, apart from necessary buying lists , promotions are attracting and approaching you from everywhere. So, you could avoid them by deleting or muting notifications on shopping applications. Moreover, find other fun activities to relax yourself instead of shopping at the mall because the stress causes us more spending. 

Do not borrow when your cashflow is short

It is the key to a savings habit, if you want to buy something but you have not enough money, do not borrow from whoever! even from your own future money (credit card). It will easily cause a bad loop of debt and gradually turn into bad spending habits. In contrast, if someone borrows your money, you should consider yourself before and make sure that you are not in trouble at the end. 

Doing step by step  

The most effective way of saving is to get started to save a small amount of money and it will make you feel familiar with your saving habit. If you start deducting too much, it is very stressful and if you get stressed, you will spend more than usual and it is more difficult to form your saving habit again. Forming a saving habit takes time, you better do it step by step but more sustainable. 

Keep doing it and make it a part of your life 

We always find new tricks for saving and possibly apply them to your regular saving habit. Although, how many new tricks you get, you need to keep doing it as it is a part of your life. In addition, finding new methods to automatically save your money such as using a fixed deposits account, a DCA investment, and investing in provident funds for your biggest benefits in the future.

Last but not least, the key to saving is discipline, not about the amount of money. We should focus on saving it consistently, not about comparing it to others. Adjust your saving plan regarding your financial status at that time, it would make you spend your money comfortably in the long term. If you possibly do it sustainably, you will have good life quality in the future. 

For further study of Provident Fund : https://www.principal.th/en/provident-fund

Contact Principal at Tel: 02-686-9595 https://www.principal.th/en

Disclaimer: Investors should make the understanding of product types (fund), beneficial conditions and risk before deciding to invest / the previous performance could not guarantee for future performance. 

Ref: https://www.ncb.co.th/ncb-infographic/5-ni-sai-tam-jep-gep-ngern-mai-da…, https://moneyhub.in.th/article/saving-money-habit/, https://www.set.or.th/set/financialplanning/lifeevent.do?innerMenuId=1&…