I don’t know how to save money

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I honestly don’t know what’s wrong with me. It’s like I have absolutely no limits when it comes to spending. The funny thing is, I make more money than some of my friends, but they objectively live better and seem wealthier than I do because they manage their money better. And somehow they still manage to save part of it. How do you even learn that?

[John]

Oh, I don’t know how to save money either. There was a time when I saved a lot, but I was a teenager back then. I wasn’t even 18, and I was mostly living off the pocket money my parents gave me. It’s pretty easy to save all of your pocket money when it’s a decent amount, you don’t pay for housing, and there’s food in the fridge that someone else paid for.

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I reached the point where saving money stopped being something optional and became a necessity because otherwise I wouldn’t have been able to save up for a down payment on an apartment. Keeping cash in a drawer or under the mattress isn’t really an option, but putting your money somewhere it earns interest and adding to it every month is a different story. I’ve had a Roarbank credit card for quite a while now, but in reality, it’s both a credit card and a savings account with pretty good interest on the balance. I haven’t even spent the borrowed money. I simply added my own funds to the account, earned interest, and spent my own money. And the most important thing I’ve learned is that what matters isn’t how much you save, but how consistently you do it.

[Author]

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