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Saving Tips
 
 
Savvy Saving Tips
Saving takes discipline, but it doesn't have to be painful. Developing a savings strategy is an achievement of itself.
Getting into the habit now means you'll have the skills to attain your financial goals at every stage of your life. 
 
Here are some tips to help get you started:

Setting your savings goals
You don't need to start saving a big pile of money. It will more likely be built from spare money that you can squeeze
out of your spending without draining the fun out of your life. To reach your goal, try this:
  • Motivation: Without it you're not going to save one Dinar. Set realistic goals and write them down. Think short or long term and get out of instant-gratification mode.
  • Remind Yourself: Keep a picture of your dream car posted on your bulletin board, or use that island vacation setting or retirement location as your computer wallpaper.
  • Plan: To develop your saving strategy, you might want to talk to someone who's experienced at saving, such as a
    parent, friend, teacher or banker.
 
Keeping track of your spending
It's a solid foundation for your savings plan, but a budget tells you only where your money should be going.
If you want to find some spare change, you have to know where your money really is going.
  
Keep track of your receipts and expenditures every month.
Whether you go out for an evening or get groceries, record what you've spent. At the end of the month take a look at where your money went and compare it to your budget to see if there are ways you could spend more efficiently.
 
Every bit counts
Open Al-Shabab account that offers discounts on transaction fees and valuable
partners. 
Even if you can find only KD5 a month, you're ahead of the game. It all counts and can really grow over time!
 
 
 
 
 
 
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