Six Steps to Start Saving Money

The earlier you start to save, regardless of your budget, the more you will save, thereby giving you the money you need to realize your dreams.

1. Set up a budget. First, get your expenses under control so you have money to save. …
2. Set savings goals. …
3. Determine how much you can devote to your savings goals each month. …
4. Open one or more savings and retirement accounts. …
5. Make your saving automatic. …
6. Gradually increase how much you save.

1) Find out what you really need and just get rid of the rest, often we pay for things we don’t even need,
fitness center membership, telephone contract, a second car, and much more
Invite friends home instead of going out,
Make your own gifts instead of buying expensive ones,
Rent unused rooms in your house or apartment,
Save electricity and debunk electricity guzzlers in the household,
Drink more water!

2) What do you want to save for?
For a house, a car, a vacation or your financial freedom in the pension.
Goals are important in order not to lose focus.

3) How much money is left in the month when you have paid all your bills?

4) Open a Regular Bank Saving Plan (Msci World etc.) by your Homebank and for safety another Crypto Saving Plan at Bitpanda or another one of the TOP 5 Exchanges.

5) As soon as a savings plan has been created, it automatically purchases at the preset time.
You no longer have to think about it and can buy assets such as stocks, etf’s, commodities, cryptocurrency and more over a longer period of time.

6) If you earn more Money save more Money!

Step by Step guide for Crypto Saving Plans

If you want to have a boost in your savings!

Buying an asset consistently is a good strategy to offset market volatility. Buying Bitcoin and other digital assets daily, weekly, bi-weekly or monthly makes you less dependent on short-term price fluctuations.

How to create a savings plan on Bitpanda:

Creating a savings plan on bitpanda is easy.
You can even create several and adapt each of them to your wishes at any time.

1 Register on Bitpanda.

2 Log into your account and complete the verification if you have not already done so.

3 Click “Add New Savings Plan” and select the wallet of the digital asset you want to buy.

4 Select the currency (EUR, USD, CHF, GBP) and the payment method.

5 Define the sum and frequency of your savings plan and confirm everything.

6 Excellent! Your savings plan has been successfully created.

This should be a good start if you want to save some money.
If you have any other ideas, share them in the comments!

Links:
Bitpanda
TOP 5 Exchanges

imagesource:
Bitpanda