The Best Ways to Start a Savings

Disclaimer

Welcome everyone to Yeeerrr.com where I’m going to only be sharing with you all from my life experiences. The goal is that you may learn something new or benefit from all of my mistakes that I have made along the way. I would also like for you all to be able to learn from all of the good decisions I made as well. Keep in mind my friends that what works for some may not work for others at times. On Yeeerrr.com we will always encourage everyone to do your own research as well as speak with a professional on the subject. Understand that it is too be beneficial for helping you reach your goals. If you find yourself seeking for more information on our terms, please go right to our terms and conditions page along with the privacy policy page as well my friends, it’s right there for you!

Where

Keeping with the theme of saving. The most important part of financial literacy if you ask me. We’re going to be talking about where to save your money. Again, putting money under the mattress isn’t completely a bad idea. Just not the best idea. Instead of your money just setting around doing nothing it could be making you money. You don’t want to be like the guy in “Bad Boys 2” where he had so much money just sitting around, the rats started to eat it. He had to spend money on getting rid of the rats to save his money! I’m going to share someone the ways that I like to use to save money.

Savings Account

My first way and easiest way is a savings account. I arranged it that an certain amount of the money that comes into my bank account goes to my savings account. This helps me so much because, I never see it in my bank account. So, I never get a chance to spend it. This make me budget harder and be more discipline with my spending habits. Your money management skills really get creative when you have discipline and a budget. There’s a lot of different savings accounts that can be used to save. We’ll get into them at a later time and date.

Jewelry

This next way is a bit new to me, I’m still learning however, I’ll share what little knowledge I do have. Lately I been looking at jewelry. I even brought a chain. Jewelry is a great way to save money. To me it’s one of the fun ways to save money. You look great while wearing your savings. Best part of it, if you know what to buy your jewelry will increase in value. You want to go with solid gold always! Gold goes up and down but, if you hold on to it you can make a nice profit over time. With diamonds just try and get the best quality. You don’t want to go with what you can afford because, later in life it might not be worth much. Some people will go buy a Rolex with diamonds in it, not knowing that the watch is now worth less than it would be plain. Save till you can afford the best.

Shoes

This next one is a fun one for me too! Buying shoes and leaving them dead stock. Dead stock meaning never put on foot. You’ll be surprised what a pair of never worn sought-after pair of shoes can bring in. Some shoes can be over 2k easy. The right shoes hold their value pretty well.

Summary

These are just a few ways I feel are most relatable and can be done at most ages. Saving accounts can be done at any age actually, the earlier the better. Jewelry may not be something you want to start with but, you should definitely consider it. Especially once you have a nice amount in your bank account. Sometimes you have to treat yourself. Same for shoes. Just do your research on a popular pair. Once you have them in hand keep an eye on the value of them and sell when you feel is right.