Saving money

Welcome to spot savers. A website that will teach you how to get a better economy. We will teach you how to improve all aspects of your economy. We will teach you how to cut costs while maintaining the same standard of living. We will also teach you how to earn more. By spending less and earning more you will see your economy improve very quickly. You will be able to pay down your debt and start saving money. You will be able to start investing money before you know it. Investing money wisely allow that money to earn even more money for you. This will help you create a positive spiral that will keep improving your economy.

Be honest with yourself

The most important step towards a better eceonomy is to be honest with yourself. Go through your economy and find out how much you spend, how much you earn and how much debt you have. Make a list of all the services you subsribe to, how many content creators you support and any other requiring expenses. The keep a diary over every cent you spend during a month. This allows you to see where you money go. Most people have expenses that are much largre than they think they are.

When you know how you sepnd money you can usually reduce some costs and eliminate others.

Cut costs

The key to cutting costs is knowing where to cut. That is why it is so important to be honest with yourself and create a financial overview of your situation.

Every personally economy looks slightly different. Allthough strained economies tend to have suprisingly much in common. There are no savings that every one can do but every one can reduce cost and save money. Reducing cost can often be as easy as shopping for cheaper alternatives than those you are using now. Common ways to reduce cost include renegotiation your internet and phone contract. You can find many other methods to reduce cost here.

Another good way to cut cost is to stop buying things on credit and stop using pay day loans. Collecting your loans into one bigger loan can be a good way to cut your monthly cost if you allready have a lot of loans. It is cheaper to have one big loan than many small loans.

Increase your earnings

Sometimes it is easier to increase your earnings rather then reduce your cost. The best option is always to reduce cost and increase earnings at the same time. You will often reduce your spending automatically if you start working and earning more. This is due to the fact that you have less freetime to spend money.

There are plenty of ways you can increase your earnings. Anyone can do it. It might be harder for you than it is for someone else but evereyone can increase their earnings. Even a small increase can have a large impact since it is on top of your allready existing income.

The easiest way to earn more is to work extra shifts at work. This is often possible. A lot of business needs people that are willing to work when needed. You can read more about different ways to increase your income here.

It is very important that you spend your extra income wisely. I recommend that you use any extra income to invest or pay o debt. Do not allow your expenses to increase.

Paying of debt

The first thing you should do when your economy start to improve is to start paying of all your high interest debt. This include personal loans, pay day loans, credit card debt and student loans. Do not worry aboyt your mortgage untill all other loans have been paid. Once you have repaid all other loans you can consider paying down on your mortgage but it is often better to invest your money rather than pay down your mortgage.

You can learn more by reading our guides on eliminating debt, mortgages and good debt,

Saving and investment

Your goal should be to start investing money as soon as possible. Investing money allow the money to work for you. If you have enogh money working for you then you do not need to work. The money do all the work and earn all the money you need. The best way to invest money is usually in blue chip dividend stocks. This allow you to build low risk income streams. It is a very hands of way of investing. You buy stock and keep it for a very long time. Hopefully for ever.

You can earn more money by trading actively. Day trading on the Forex and stock market can earn you very high returns. But it requires a lot of effort to succedd and the risk is very high. Some people can quickly become millonaires day trading FX and stocks but most people are better of investing in dividend stocks.

Welcome to spot savers. A website that will teach you how to get a better economy. We will teach you how to improve all aspects of your economy. We will teach you how to cut costs while maintaining the same standard of living. We will also teach you how to earn more. By spending less and earning more you will see your economy improve very quickly. You will be able to pay down your debt and start saving money. You will be able to start investing money before you know it. Investing money wisely allow that money to earn even more money for you. This will help you create a positive spiral that will keep improving your economy.

Be honest with yourself

The most important step towards a better eceonomy is to be honest with yourself. Go through your economy and find out how much you spend, how much you earn and how much debt you have. Make a list of all the services you subsribe to, how many content creators you support and any other requiring expenses. The keep a diary over every cent you spend during a month. This allows you to see where you money go. Most people have expenses that are much largre than they think they are.

When you know how you sepnd money you can usually reduce some costs and eliminate others.

Cut costs

The key to cutting costs is knowing where to cut. That is why it is so important to be honest with yourself and create a financial overview of your situation.

Every personally economy looks slightly different. Allthough strained economies tend to have suprisingly much in common. There are no savings that every one can do but every one can reduce cost and save money. Reducing cost can often be as easy as shopping for cheaper alternatives than those you are using now. Common ways to reduce cost include renegotiation your internet and phone contract. You can find many other methods to reduce cost here.

Another good way to cut cost is to stop buying things on credit and stop using pay day loans. Collecting your loans into one bigger loan can be a good way to cut your monthly cost if you allready have a lot of loans. It is cheaper to have one big loan than many small loans.

Increase your earnings

Sometimes it is easier to increase your earnings rather then reduce your cost. The best option is always to reduce cost and increase earnings at the same time. You will often reduce your spending automatically if you start working and earning more. This is due to the fact that you have less freetime to spend money.

There are plenty of ways you can increase your earnings. Anyone can do it. It might be harder for you than it is for someone else but evereyone can increase their earnings. Even a small increase can have a large impact since it is on top of your allready existing income.

The easiest way to earn more is to work extra shifts at work. This is often possible. A lot of business needs people that are willing to work when needed. You can read more about different ways to increase your income here.

It is very important that you spend your extra income wisely. I recommend that you use any extra income to invest or pay o debt. Do not allow your expenses to increase.

Paying of debt

The first thing you should do when your economy start to improve is to start paying of all your high interest debt. This include personal loans, pay day loans, credit card debt and student loans. Do not worry aboyt your mortgage untill all other loans have been paid. Once you have repaid all other loans you can consider paying down on your mortgage but it is often better to invest your money rather than pay down your mortgage.

You can learn more by reading our guides on eliminating debt, mortgages and good debt,

Saving and investment

Your goal should be to start investing money as soon as possible. Investing money allow the money to work for you. If you have enogh money working for you then you do not need to work. The money do all the work and earn all the money you need. The best way to invest money is usually in blue chip dividend stocks. This allow you to build low risk income streams. It is a very hands of way of investing. You buy stock and keep it for a very long time. Hopefully for ever.

You can earn more money by trading actively. Day trading on the Forex and stock market can earn you very high returns. But it requires a lot of effort to succedd and the risk is very high. Some people can quickly become millonaires day trading FX and stocks but most people are better of investing in dividend stocks.