How to save money and not stay poor?

Counting your income and expenses is an important step in managing your financial well-being. This allows you to understand how much money you make and where it goes.

Properly calculating your income and expenses can help you control your spending and plan your financial goals for the future.

After counting, you will be able to delay. And saving money is an important financial principle that helps create financial stability on a long-term basis. If you save money, you can use it for emergencies or for financial purposes such as buying property, education, or retirement. Saving money also helps protect you from unexpected expenses, such as an accident or job loss. Finally, saving money can help you reduce your financial stress and increase your financial confidence.

Five key points for maintaining a proper budget:

  1. Once you have determined your expenses, you can start planning your budget and allocate money for necessary and priority expenses.
  2. It is recommended that you save your income by putting aside a certain amount each month in a savings account or investment.
  3. If you have loans or debts, try to pay them off regularly to avoid extra interest and unexpected expenses.
  4. It is also important to be mindful of unexpected expenses that may arise, such as emergencies, repairs, or medical services. To do this, it is recommended to create a financial reserve in case something goes wrong.
  5. Finally, keep track of your spending and review your budget regularly to make sure you're not spending more than you earn so you can continue to maintain your income in the long run.