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The dream of many Brazilians is to save money to make their dreams come true, whether it's getting out of debt or investing in something that interests them. However, many people think it's impossible to save money while earning little, but that's not true. There are methods of how to make money while earning little that everyone needs to know. Check it out below. 

How to save money while earning little 

Brazilians dream of getting out of debt, changing their lives or investing in something that interests them, but find it impossible because they earn so little. There are how to make money while earning little that everyone needs to know. 

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In short, whatever your goal, these strategies work and it's very easy to get organized financially. When you have good financial control, you can set aside money to make your dreams come true. 

Although many people believe that money doesn't bring happiness, it does open up ways for people to achieve quality of life. People have their own financial realities and goals, and these methods work in all cases. Check them out below:

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1. Define your financial goal 

Before starting to save money, people need to define what their financial goals are. After all, when you don't know which path to take, it's difficult to focus on your ultimate goal: saving money. 

In our financial lives, when we don't know what we want to achieve, our daily attitudes can interfere with the process. In practice, this can be good or bad, it all depends on the habits we maintain on a daily basis. 

Finally, in order to achieve your dream, it's essential to define your goal for saving money. This tip is essential for those who want to make the procedure easier, making the achievement simpler in the long term. 

2. Classify expenses and income

One of the most important tips for saving money while earning little is to write down all your monthly expenses and income. It is essential to write down all the movements in your bank account, separating them into categories. 

If you like to go to restaurants, the cinema or other leisure activities, this category should be noted in your spreadsheet. By keeping track of expenses, consumers can understand what is weighing most heavily on their pockets. 

In addition, this spreadsheet allows consumers to think of ways to reduce the costs of the categories, without giving up what they like. The same should be done with monthly income, recording everything you receive, whether it's your main income or other income.

3. Use the 50-30-20 method

In order to improve their financial management, Brazilians need to have a direction for the money they receive. By applying the 50-30-20 method, it is possible to divide income into parts, based on how you would like to spend your money. 

In this method, money is divided into three categories, which work as follows: 50% of profit is directed towards essential spending, 30% towards variable spending or items, and 20% towards investments and long-term financial goals. 

Before following this method, consumers need to look at how their income is divided these days. That way, you can model the organization of all your expenses based on what you earn each month. 

4. Use a tool to your advantage

To make it easier to organize your finances, there's nothing better than using a tool to keep track of your spending. With a control platform, consumers can see whether or not they are following the process of saving money to the letter. 

There are various financial control tools available on the internet, such as spreadsheets, notepads, finance apps and so on. All you have to do is choose the option you like best and start making notes. 

When consumers keep track of their spending, they can see the superfluous purchases that are being made, especially those that are not so noticeable on a daily basis. They can then be eliminated. 

5. Look for extra income alternatives

As well as saving money on their monthly incomes, consumers can invest in extra income alternatives. This strategy brings several benefits, such as earning money beyond what the main income allows. Today there is a wide range of opportunities. Check them out below: 

  • Use your credit card with a cashback option;
  • Take online surveys;
  • Resell national or imported products;
  • Create courses or offer online classes;
  • Take care of pets;
  • Sell sweets or snacks. 

This is an excellent tip for Brazilians, especially for earning extra money and taking another step towards achieving their financial goals.

How to increase your chances of saving

Now that you know the best strategies for saving money while earning little, it's time to find out how to increase your chances of saving. Check them out below:

1. Know the reasons for your spending

There are a number of events that arouse the feeling of unnecessary spending in people. For this reason, it is essential to have self-control over your actions, evaluating why you made each purchase. 

Otherwise, compulsive buying can lead people to spend amounts they hadn't planned on, destroying the entire monthly budget. In this way, reflect on all your spending, finding out what is really necessary and which purchases were made impulsively. 

2. Plan purchases and payments

Some expenses have already become a habit in people's lives, and can be maintained for all months: whether it's an energy bill or your favorite restaurant. That's why you need to keep them in your monthly shopping and payment plan. 

In other words, whenever you plan your monthly expenses, don't forget to include common expenses. This allows you to budget more closely to your reality, as well as identifying bills that can be discarded. 

3. Do your research before you buy

Before making any purchase, research all the stores to find the best value. After all, there are several alternatives, both virtual and physical. 

It is common to find the same products at lower prices, as there is a competition between stores to attract customers. 

In short, by researching these values, consumers can find very good prices, which is a great opportunity to save money. 

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