how I forced myself to save🥲and try to invest!🤔

i only started saving a year back and before that all my salaries were meant to spent not to save but i mean the thought i had m was “why save? i should enjoy and spend the money i have now” 💸

I DONT KNOW IF ITS JUST ME!! i couldn’t control spending and having cash on hand, ONLY big notes like $50/$100 is one way i control myself! otherwise i m paywaving all the money i have🥲I know girl math paying in cash is free but in my math the money i had in my bank was free😂i guess it’s because u can’t physically see the money!!

ever since i started to earn big girl money(not tat much), i’ve been learning how to save! thanks to my bf who’s kinda well versed in investing/saving! investing can be scary because of so many terms, the graphs and numbers even i don’t understand HAHA got “free” money can already🤩

my bf uses platforms like syfe, webull, tigerbrokers and he talks about bitcoin and stocks. obviously i have no idea what these are! i tried searching and watching videos on investing and i still have no clue and it’s boring to me🫥

here’s how i forced myself to starting saving/investing! my bf asked “ why keep ur cash at home when u can leave it elsewhere to grow?” makes sense right? but i don’t know how and i definitely DO NOT WANT to lose money!! then he said try low risk profile lor, low return but really is low risk.

CASH+FLEXI💵

i put my money into cash+flexi for about 10 months and i have earned about $100+ is not a lot but i am not losing, even if i do it’s a few cents/$1++ (which is my main point)😂 So whenever I get my pay, I park money into the portfolio immediately! I don’t follow savings rule, I just go by how i feel for the month. if i’m going for a holiday soon, i’ll save lesser! So, this forces me to save money because i make sure i put money aside monthly. On top of that, I can withdraw when i need to, it requires i think up to a week? for your money to be back in ur bank. SO NO IMPULSE SPENDING!!😉

CASH+GUARANTEED 🔐

it’s new, wasn’t out when i started! but seeing how it has low/no risk and i could get higher and guaranteed returns i tried it out! i transferred some money from flexi to guaranteed! very easy and when approved, just gotto lock in the rate! the downside is the 3 months lock in, but if you don’t need money urgently, it’s okay! after 3 months u can choose to reinvest or get the money in ur bank! but if ure determined on saving, just reinvest. let it grow even though it’s small, better than nothing!

I still use cash+flexi despite the better rate in cash+guaranteed, just in case i need money😂 This has helped me a lot to save! I am still a spender, so making sure i save before i spend for the month is important to me! and unlike banks that allows you to start saving goals, u can see the money there, and it’s easier and immediate withdrawal back into ur account(obv this didn’t work for me…)!

so here’s how i really forced myself to save! even though i still don’t understand investing and have no interest in reading more! cause GOT MONEY CAN ALREADY!🤑 hope this helps whoever who’s trying to save, yet a noob like me!😬 Let me know other ways I can save yet grow my money!

#financejourney #adulting