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BREAKING NEWS

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Lifestyle

Learn how to save money, here are the rules that rich people follow

Learn how to save money, here are the rules that rich people follow

Money helps us live the life of our dreams, as long as we are earning enough and not spending too much extravagantly

While most people have trouble balancing personal expenses with an annual trip to ensure they have a bed to sleep in and food to eat every day, it seems that many others are quite organized with their debts and bills. of the bank.

They may even often have the same salary, but the 'savings game' is what helps many people make a better life. However, below are some money saving tricks that rich people practice that will change the look of your savings account.

Learn how rich people save money, follow

The 24-hour rule

Millionaires are fascinated by the 24-hour rule. Whenever they have a desire to buy something expensive, they wait 24 hours to make the decision. Impulse purchases occur from emotional triggers and are often unnecessary. So, when you want to buy something, ask yourself if you want that thing or really need it.

Set a personal budget and stick to it

This may sound cliché, but setting a daily budget and sticking to that plan will help you save a lot of money. Experts usually recommend dividing the salary in the 50/30/20 method (50% of the salary to buy essential things, 30% for personal things and 20% for savings).

Spend on things that help you earn money

Spending money on things that help you work, contribute to your current job, or add to your monthly income is a good thing.

Experiences are priceless

Millionaires live a lavish lifestyle and make sure to add lots of experiences to their calendar. This is because they prioritize experiences and not materialistic things. With great ease, millionaires would substitute daily expenses for trips abroad, rock climbing, diving, etc. Invest in things that make you happy and healthy. The wealthy make sure they invest in things that make them happy - so do you.