How do you get started?
When we conduct our polls on our Instagram account, the overwhelming majority of respondents write that saving money is extremely important, and many have done it for a long time.
But nevertheless, there are always those who clearly understand that it is not necessary to spend all the income cleaned up, but still continue to do so.
At our school, we always adhere to the principle of small steps. This means that we divide any business into small steps that can be easily done in the near future. It is clear that people want to save in order to achieve lofty goals – paying for schooling for children, buying a house or a car, financially calm retirement life.
Such big goals seem so ambitious and unattainable, and therefore it is difficult to start, to take the first step. Well, what is, for example, the saved 100 or 1000 rubles when the goal is, say, 12,000,000.
But every month, week, and even a day of delay costs you lost money, for example, interest income from your savings.
The technique itself
The technique that we, the Fingram team, adhere to, is called the method of small steps and consists in the fact that we take small steps towards our goal, but repeat and often. For example, we set aside 100 rubles, but every day. By the way, 36,500 will accumulate in a year, or 36,600 if the year is a leap year. A simple amount and a simple step repeated 365 times brings an amount many times exceeding these 100 rubles.
The amount, of course, can be anything. For example, now on Instagram, together with our subscribers, we are playing a game that the whole of America was hooked on at one time – we call it “Capital in a Year”. In the states, it is called the 52 week challenge – the 52 week challenge. The challenge is to set aside the amount of money corresponding to the week number plus 2 zeros. 1 week – 100 rubles, 2 weeks 200, 52 weeks – 5200.
It seems that small amounts add up to a relatively large amount of 137,800 rubles.
We have slightly outplayed the rules of the game, since December has the highest amounts – 4900.5000.5100.5200. Every week we show our subscribers a randomly selected number to snooze. This is how we remove the load from December, when everyone already has big expenses – gifts, trips.
What makes us especially happy is that some subscribers have postponed the required amount back in February, that is, two months after the start of our savings marathon. This method not only actually works, but it is also addictive – if you start, you cannot stop. The example of our participants who collected the entire amount ahead of schedule proves this.
Where to get money for savings
This is a very good question that we get asked sometimes. By the way, we periodically write in our same Instagram account under the heading about effective savings.
Money can be allocated in two ways.
- Start working on expenses.
- Start working on income.
Often we spend automatically, out of habit. Rustam, our co-founder, in our heading about effective economy, for example, loves to tell the story of how he stood for several hours in endless Moscow traffic jams on December 30, having rented a business class car out of habit, although he could have reached the comfort + by dedicated lane. I would have saved both time and money, and would not be late for dinner with my family.
If at least once a week we paid attention to where our money was going, we could save a large amount.
Therefore, the technique by which one can find money for savings is the technique of “periodically effective saving”.
A cooler way is, of course, to form in yourself the habit of saving money and the habit of thinking when spending, not spending everything on the machine.
But it’s better to start simple:
1. Save small amounts, but daily.
2. Periodically ask yourself: “Is it worth making such a purchase?”
Why did we mention at the beginning of the article that even a month of delay is worth the lost money? After all, 100 rubles does not really matter, how can they affect your capital in the future?
We will analyze this question in the second part of our article