Saving is always a good idea.
This way you have a buffer for when something goes wrong and that gives peace of mind ,
but it's also a great way to end up buying something great.
But how can you save if you have little money ?
We give you ten handles to be able to put aside quite a bit.
If you seriously want to save, this starts with a good account. So first look for a savings account with preferably the highest possible interest. After all, this will automatically make your money worth a little more.
Pay attention to more aspects than just the interest on savings, because you often get more return on accounts with additional conditions , but then there are also limitations. Think of a minimum deposit per month, a minimum balance and in the case of deposits where the interest is always highest, you even have to lock your money for a certain number of years.
However, those conditions must suit your situation . If you also use the money as a buffer, you must be able to access it quickly in an emergency. For example if your washing machine or car stops working. So always read well.
But where do you find the best possible savings rates? Well just here! In the following overview you can see live the best rate deals at the moment. You can click directly to the providers for more information. Note these are the 'normal' savings accounts. Click on “all savings rates” to compare interest rates with conditions or deposits.
If deposits are an option for you, read the article the highest deposit interest rate in Europe . Within the EU, so with a guarantee system , you can often get a much better interest rate. Especially in countries such as Spain and the Baltic States.
Incidentally, it is good that you open a savings account with a provider other than your own bank. Then you will not see your savings passing by every time you open your internet banking (app) and you will also be less tempted to do something else with it.
Okay, you now have a new savings account. The first thing that follows is to set a savings goal, if necessary several next to each other. This helps you to feel more useful about the pennies you set aside. At many banks you can even create those pots within one account.
You can dream here . Of course it is important to create a buffer in the base, but make it bigger than that. For example, are you saving for your dream car? Or for that one trip you've been wanting to make all your life? Or for the house of your dreams with a nice large garden?
In particular, keep track of the progress on your way to those savings goals. The closer you get, the more your motivation will get a boost. And to help you, it is useful not to set too high targets because we also want a million in our account, but that is not going to happen. And that is not good for your enthusiasm.
Now that you know what you're going to save for, it's time to make sure you can set aside as much as possible . Now it may be a bit difficult to go directly to your boss beg for a raise, but there are more ways to increase your income.
Nowadays there are many options, especially via the internet. Don't let that fool you as there is also a lot of junk out there, even downright scammers. We have listed 6 proven and reliable ways for you in the article making money via the internet . We have also tested the websites that offer this ourselves.
The advantage of these methods is that they are very easy and can be used by everyone . So you don't need any technical knowledge, for example. Also how not to invest or deposit money, as with investing, because there is also a lot of risk involved.
With the options that we present you, you will be able to bring in a few hundred US dollars a month without hardly thinking. Especially if you combine several ways, but please read the tips in the article.
Just making more money isn't the only thing you can do to keep more money . It's also smart to take a look at the spending side. You often spend money unnoticed on things that you no longer even use.
It is also regularly the case that you can get things with exactly the same quality for a much lower price . For example, the prices for many of your subscriptions have fallen considerably in recent years and are probably cheaper than what you took out for at the time. Think of your internet, TV, gas and light.
But where do you start? And do you have to live on bread and water to have a full savings account? No, saving can also be done without having to give up much. The trick is to cut back in smart ways that you don't actually notice, so that you have so much left over that you might be able to and save for an extra meal.
Our site is full of saving tips. But you don't have to go through all those blogs, just take our money saving test . With that you win up to 10,000 US dollars on an annual basis in an intelligent way. You only have to answer 15 short yes / no questions to cover the most important costs of an average Dutch family.
You ever that when the Financial lucky. You get money back from your energy company, or an extra bonus at work, or you still have some money from the tax authorities afterwards. Nice!
Now it is tempting to smash this piece, but now is the time to make the right choice. Put at least a part of this into your savings account and you will see that these are the extra deposits that make sense. And of course you can also partly reward yourself with it.
On the other hand can also sit against. We have already mentioned it, but your washing machine breaks down once. Just like all other appliances you have such as your car, dryer, refrigerator, laptop, TV and so on.
We don't want to scare you, but it is smart to have a pot for this as well. If you do not have that, there is nothing for it but to borrow money and that in turn costs extra money in interest. And we can tell you loan interest is many times higher than the interest on your savings account.
It is not only important to maintain that buffer, but maintenance can also prevent additional costs in the long term. So don't skip the turns on your car just to skimp, in the long run it will only get worse and therefore much more expensive. The same applies to maintenance of your home, rather update the paintwork now and then than having to completely replace windows and doors in a few years.
Saving also involves the right mindset . That means that it is largely between your ears. You decide how much you save, but also whether you are strong enough to stay away from it. You decide what you spend your hard-earned money on. Every time again.
But you can help yourself. A savings account that is less easy to access at, for example, another bank or internet savings with conditions that require you to stay away from it. Because otherwise you would pay a withdrawal fine, for example.
It also helps to save at set times and especially automatically. Set it up so that the day after your salary is deposited there is an automatic transfer to your savings account. Likewise, it is no longer an option to spend it and you get used to working with the amount that is left.
Discipline is important, but certainly in the long term, the chance that you will not keep it up will increase. That's okay, it has to be fun. So give yourself something, and try not to save every US dollar if you don't really want it 100%.
Do fun things like going out for dinner or a day out with the kids. That will only give you more energy to save. We are not on this planet to chew in a corner of the room with the heating and all the lights turned off.
That sounds crazy, doesn't it? But it is really true, you can also save too much. If you roughly exceed 30,000 US dollars per person (as a couple you can have double that), then you suddenly start paying wealth tax. And that is also a shame! Especially if your goal is not above that amount, because it will only cost you money.
Then you better use it to spend it. But then do it to smart things that help you make progress in your finances. Such as paying off or refinancing your mortgage, for example, or other types of debts or loans. Now you have to pay off debts quickly anyway because, as mentioned earlier, the interest on them is higher than on your savings account. But there are more smart options ...
Smart options with you your money before you leave work. You can earn money from the money you already have, and not necessarily interest savings, but a lot more. Read about this in our articles 7 safe alternatives to saving and especially the best ways of investing & investing .