MindMap Gallery Eight Ways To Save Money

Eight Ways To Save Money

Saving money is an important financial habit that can help us better manage our finances, accumulate wealth, and improve our quality of life. Saving money can provide us with funds to deal with emergencies. By saving money, we can accumulate enough funds to achieve our goals and dreams. Having savings can increase our financial security and independence, allowing us to autonomously cope with various challenges in life without relying on the help of others. By planning our expenses reasonably and cultivating a habit of thrift, we can lay a solid foundation for future financial freedom. This is a mind map about 8 ways to save money. The map contains 8 main branches, namely: The 333 Savings Rule, The 1234 Saving Method, 365 Days Money Saving Method, The 52 week saving challenge, 12 Savings Deposit Method, The matching saving method, The Staircase Saving Method, and Snowball saving method. Each main branch has sub branches that are described in detail. Suitable for people interested in saving money.

Edited at 2024-01-12 18:36:51

Saleh Rezaee

Eight Ways To Save Money

Saleh Rezaee

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Outline

8 money-saving methods

Snowball saving method

Using Insurance Tools: "Increasing Whole Life Insurance"

Set aside a fixed amount of money every year, such as 10,000 RMB for 5 years.

Then just leave it alone until the day you want to take it out.

It will accrue interest in the account at a compounded rate of 3.5%.

The Staircase Saving Method

Assuming there is a year-end bonus of 50,000 yuan divided into five equal parts.

The first 10,000 is deposited in a one-year fixed deposit, the second 10,000 is deposited in a two-year fixed deposit, and so on.

After one year, the maturing one-year fixed deposit should be renewed as a five-year fixed deposit, and so on.

After 5 years, all 5 fixed-term deposits have become 5-year terms, and one deposit matures every year.

The matching savings method.

Set amount, for example, to save 3000 yuan per month.

Trustworthy family members will receive their salaries immediately upon receipt.

Confiscate the ones in front if they exceed the time limit.

This really tests one's character, huh.

12 Savings Deposit Method

Monthly salary 30%-40%, deposited in the bank on a yearly basis.

Starting from the first month of the following year, a regular income is obtained every month.

You will have 12 one-year fixed-term deposits after one year.

If you need it urgently, withdraw; if not, continue to save.

The 52-week savings challenge.

There are 52 weeks in a year, and I save 10 yuan each week, increasing the amount.

Save 10 yuan in the first week, 20 yuan in the second week, and so on.

The remaining 520 yuan in the last week will ultimately amount to a savings of 13,780 yuan.

365 Days Money Saving Method

A table with numbers written on it from 1 to 365.

Save 1 yuan on the first day, save 2 yuan on the second day, and so on.

Every day saved, one day crossed off, and in the end, it is possible to save 66,795 yuan.

The 1234 saving method.

The "legendary" S&P chart.

The first 10%: for short-term 3-6 month expenses.

The second 20%: Used for expenditure on insurance and security.

The third portion of 30%: Used for investments such as earning money, stocks, funds, etc.

Investment 4: Money for long-term savings, secure and stable bonds, pension funds, education fund.

The 333 Savings Rule

Divide monthly income into 3 parts.

1 unit of savings.

1 investment and financial management plan

1 expenditure

First, arrange the first saving, then the rest.