How to start saving money if your salary is small?

I make about 50 thousand a month, and almost all of it goes to rent, food and transport. I want to save up for a car, but I don't understand where to start. Maybe there are some ways to save money that I'm missing?

2 answers

I'd recommend starting with the simplest thing - just track where your money's going for a week or two, there are often leaks you don't notice at first (subscriptions, coffee, small purchases). Then set aside even a small amount from these 50 thousand - like 2-3 thousand - and open a separate account or envelope so that money doesn't mix with your main wallet. You can also start picking up some side gigs in parallel (freelance, odd jobs), they'll give you a buffer without cutting back on essential expenses. And don't get hung up on saving a huge amount - even 1-2 thousand a month over a year gives you 12-24 thousand, that's already noticeable progress.

I've been working in a kindergarten for 18 years and I see how many parents stress about money, so I understand your situation. Start small - track where your money goes for at least a week, you'll usually find spending you forgot about (coffee, small purchases, subscriptions), and even cutting 2-3 thousand a month can be set aside separately. Try a savings account at a bank with a small interest rate so the money sits separately and you're not tempted to spend it - psychologically it really helps. And honestly, you can save for a car over several years, the main thing is to start, even if you're putting away just a little bit, you'll get used to it over time and it'll get easier.

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