How saving money benefits you ?
how saving money benefits you ? Saving sounds tedious and exhausting. But that’s nonsense. Saving can be very easy and does not require much money at all. And it’s fun when you see how the created sum constantly multiplies and becomes a beautiful sum. 25 euros a month is enough to have accumulated 13,000 USD after 20 years, even 31,000 USD after 30 years. And everyone actually has these 25 euros left, if they are honest.
After 30 years, 100 USD per month even result in 126,000 USD. To achieve this, you should observe three principles: start saving early, save regularly every month and save cost-effectively and with good returns. Starting ten years earlier means in the end of tens of thousands of euros in addition to the account.
Start starting your career
It is best to start saving at least with small sums at the latest at the start of your career. Ideally, the parents or grandparents have already done this for the children. Regularity forces you not to make saving dependent on the current cash situation. Otherwise, you will always find reasons to have no money left at the moment.
This is how you get tricked: You have a fixed amount debited to save every beginning of the month right after receipt of salary. Then you don’t even get used to the fact that this money is available for spending. Each salary increase flows partially or completely into a higher savings rate. The automatic debit prevents you from forgetting the monthly installment. She also takes a lot of work off. This works best with a savings plan that creates a fixed amount every month. Many banks offer such a thing.
If you are still too scared, you can buy mixed funds that include a few bonds in addition to the shares. It is best to choose not only one fund, but several to distribute the risks. how saving money benefits you ? You can invest in several regions of the world, for example Europe, America and emerging markets. And add a real estate fund. In order not to reduce savings success due to excessive costs, investors should buy index funds (ETFs) that reflect an index 1:1 and are very cost-effective. And they should manage the investment in a toll-free custody account that many online and a few branch banks offer.