5 Tips To Save More Money In Qatar

Is Saving Money A Good Idea In Qatar ?

Yes ,It provides financial security and freedom, as well as protection in the event of a financial emergency. Saving money allows you to avoid debt, which reduces stress. Despite knowing the value of saving, we frequently lose sight of it and spend more of our money in the present

1.GET RID OF YOUR DEPT

If you're trying to save money through budgeting but have a lot of debt, start with the debt. Still not convinced? Add up how much you spend each month on debt servicing and you'll quickly see. Once you're no longer paying interest on your debt, you can easily put that money into savings. A personal line of credit is just one option for debt consolidation to help you pay it off faster.

2. MARK A SAVINGS GOALS

One of the best ways to save money is by visualizing what you are saving for. If you need motivation, set saving targets along with a timeline to make it easier to save. Want to buy a house in three years with a 20 percent down payment? Now you have a target and know what you will need to save each month to achieve your goal. Use Regions savings calculators to make your goal!

3. TAKE CARE OF YOURSELF

Set up an auto debit from your checking account to your savings account each payday. Whether it's $50 every two weeks or $500, don't cheat yourself out of a healthy long-term savings plan.

4. QUITE SMOKING

No, it's certainly not easy to quit, but if you smoke a pack and a half every day, that amounts to nearly Qr 6.000 a year you can realize in savings if you quit. According to the Centers for Disease Control, the percentage of Americans who smoke cigarettes is now below 20 percent for the first time since at least the mid-1960s 

5. PACK YOUR LUNCH

An obvious money-saving tip is finding everyday savings. If buying lunch at work costs $7, but bringing lunch from home costs only $2, then over the course of a year, you can create a $1250 emergency fund or make a significant contribution to a college plan or retirement fund.