Android Corner

First, set specific financial goals for yourself. For example, plan to save up the equivalent of one month’s worth of salary in one year. Make sure your goal is measurable and achievable. Don’t set a goal that would be impossible for you to achieve because you’ll only get discouraged. It would also help if you set a goal to buy an item you’ve always wanted. For example, some people find it easier to save up when there is an end objective in sight, such as buying a new laptop or furniture at home.
Second, aim to become debt-free as soon as possible. Most people are burdened with too much credit card debts, which is why you must aim to get out of debt as soon as possible. This is because having debts eats up on your income because you also need to pay a lot of money for the interest. This is a waste of your resources, so you must try to use credit cards only during emergencies or in order to buy big-ticket items such as a home theatre system.
Third, keep a diary of all your expenses. This is the best way for you to check where you’re spending your money so that you can budget accordingly. When you write down everything you buy, you may discover that there are recurring expenses that you could target in order to save money. For example, you may not notice that you’re spending too much on coffee. However, if you keep a journal of all your expenditures, you’ll see that you’re buying a cup of expensive coffee every morning and that it adds up to a significant amount at the end of the month.