Step 1: Identify your saving goal - what is the purpose of your savings.
Step 2: Calculating how much money do you need to save.
Step 3: Calculate current income and proportion to set aside in order to save X amount in X time.
Step 4: Plan how you can set aside this sum of money.
(Bonus Step 5: Think about where you can park the money for optimal returns yet keep them safe.)
Step 2: Calculating how much money do you need to save.
Step 3: Calculate current income and proportion to set aside in order to save X amount in X time.
Step 4: Plan how you can set aside this sum of money.
(Bonus Step 5: Think about where you can park the money for optimal returns yet keep them safe.)