I learned somewhere that it’s not about how much you make, it’s about what you do with the money you make. So have you been planning to save a portion of your salary but until now, you keep putting this off just because you are really dying to buy a new gadget?

Has it happened to you that you go out of the house with a large amount of money in your pocket but when you come home, you do not even know where you spent a large portion of it? Think about those little indulgences you have – Starbuck’s coffee, softdrinks, taxi fare, something small you bought out of impulse… and the list goes on. If you add them all, you would be surprised that they sum up to a large amount. So if you learn to control yourself from buying these stuff, then you would realize that you can save a big part of your paycheck.

Another thing is, have you always been tempted to buy the latest gadgets? Actually, there are more advantages when you put off purchasing these pricey buys. For quite a while, their value would depreciate and that would mean you can get them at a lesser price. Also, new gadgets tend to have bugs that needs to be fixed. So when they come up with a newer version later on, most probably, the bug had been fixed and you no longer have to worry about it.

Another advise is to pay your bills on time. If you pay your bills late, obviously, you would be charged with an interest. Paying bills earlier than the due date would avoid you from having to pay late payment penalties. If you are a good payer, most likely, you’d maintain a good credit reputation.