Where to get money for savings

Two simple and understandable ways to free up additional money in the family budget from the author of the book

The very first piece of advice I want to give you is to get rid of all that is unnecessary. Technology is becoming outdated so quickly that you probably have a TV or tablet at home that is high time to get rid of it. My hands just didn’t reach.

And the clothes? Your closet is full of things you don’t wear anymore. Make it a rule to sell something that you haven’t worn for over a year. Honestly, you’re unlikely to wear a wedding suit or wedding dress a second time. Yes, they are expensive. But absolutely useless. Sell them without a twinge of conscience. They have already fulfilled their main function, and the memory of them will forever be preserved in photographs.

Moreover, there is more to getting rid of old things than a way to make money. Old things are old energy. Get rid of half of the closet and you will feel how to breathe easier.

We are changing. It is important to throw away what holds us in the past.

Just sell your student coat now and make sure you live great without it.

Another way to allocate money for investment is to look for holes in the family budget.

There are not so many people around us who can boast that they have enough money for everything. Ladies and gentlemen with high incomes also argue that money is not enough. They simply have higher demands and a higher standard of living, and as a result, the costs are higher.

Anyone to ensure a comfortable future

This is the perfect way to find out and fix a hole in your budget. But for this you need to have a high level of self-discipline. Not everyone has the perseverance to do this from month to month. It is much easier and more fun to divide family income into three “envelopes”: 10% + 45% + 45%.

The first «envelope» — savings

Every wealthy person without daddy’s money on the card started with the «pay yourself first» rule. Therefore, from any income you need to immediately set aside 10% in the first «envelope». I assure you that you can easily cope without this amount. If it’s not easy at all, engage in noble self-deception. Tell yourself this is an unexpected expense at the beginning of the month. Although, to be honest, this is a guarantee of your financial freedom.

Second «envelope» — fixed costs

After you have deposited 10% in a bank account, divide the remaining amount into two parts: 45% and 45%. The first 45% are your fixed costs: rent, loans, car insurance, and more. Something that has a precise amount and a clear payment schedule. Without which, well, you can’t do anything at all. Shoes and shisha are not included.

Third «envelope» — variable costs

The remaining 45% of the original amount is money for food, entertainment, purchase of goods and services. That you can vary. It is necessary to divide the amount of the third «envelope» into four parts — according to the number of weeks in a month. Spend each part ONLY within a week.


In this way, you can take control of finances without painstaking accounting of every penny. This is the beginning of a long journey.

I want to remind you once again: with any income, you can ensure yourself a decent standard of living in the future and not hope for a paltry pension.

The crisis in the 2020 pandemic has vividly demonstrated what things you can do without. Here’s at least 10% of the money you save on savings. And this is the first step to the financial well-being of your family.

The text is reproduced with the permission of the author. The opinion of the author of the book may not coincide with the opinion of the FinEx editorial board. Not an individual investment recommendation.

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