Who has never tried to save money? Saving is very often the first step towards saving — and therefore towards building sustainable capital, which it will then be possible to pass on… or to use to ensure a more comfortable retirement, for example. Provided you succeed in getting rid of part of your income on a regular basis! It doesn’t necessarily have to be a lot, explained economist Philippe Crevel in our columns, encouraging those who can to put 50 euros aside each month. What counts, he said then, is indeed the regularity of the effort undertaken.
Unfortunately, in many cases, it is also the most difficult aspect of saving. To achieve this, as Planet has already written in the past, it is essential to arm yourself with a certain method. There are several, some of which may seem more suitable for certain saver profiles. Often, indicates the online bank N26 on its site, the easiest way is to erect columns and draw boxes. Three, in particular. This is the 50/30/20 model.
The three columns mentioned above each correspond to a part of the budget that needs to be managed. The whole corresponds to 100%, supposed to represent all the income received.
Once this first step is over, it remains to put the 50/30/20 method into effect. Explanations.
Very concretely, the 50/20/30 method allows those who do not know it yet to learn how to manage their budget. The whole purpose of such a model is to become aware of one’s habits in order to be able to modify them better when necessary. It is also about creating a new one: unlocking 20% of your monthly income for your savings alone.
Systematically saving such a sum makes it possible to build an “intelligent savings plan”, indicates the online bank, which refers to the “relief fund”, but also the “long-term personal forecast budget” or the contribution necessary for any acquisition of real estate.
Another question arises, whatever the method chosen to save: when should you put your money aside? Is it better to opt for automatic withdrawals at the beginning or at the end of the month?
According to the specialized site Spend less and enjoy more, the answer varies from one situation to another. It is clear, however, that in most cases it is safer to save at the beginning of the month – or, at the very least, after receipt of any payments that are due to you. This is the assurance of not spending the sums you might want to save.