The 21-day challenge to start saving and reduce your expenses

Tricks regarding saving methods have become more popular over time. People often look for ways to save and therefore earn more income. The reality is that although there are many “tricks”, some of them do not work for most people.

Below we will explain about one of the most popular challenges in the savings community. flame is mader ’21 day savings challenge’ or even ‘financial fast’; in the United States it is one of the most popular, but at the same time some describe it as ‘aggressive’.

This method starts in the book The 21-Day Financial Fast: Your Path to Financial Peace and Freedomfrom the financial adviser and columnist for the Washington Post, Michelle Singletary. she promises that this method is a type of economical diet what break bad spending habitsand also create a plan to free yourself from debt and put your future on a better financial path.

Five simple tips to learn the habit of saving

Rules you must follow

The challenge has clear rules that must be understood in advance. These are:

• Make it last 21 days. Three weeks is a perfectly reasonable period of time to cut back on wants and expenses, but it can be very tiring.
• Make a point of buying only what is necessary. Unless we absolutely need it to survive, there are no other purchases to make. That eliminates novelty purchases, restaurant expenses or internet purchases.

• It is recommended to pay everything in cash. The author says that you are much more aware of the spending process when paying in cash. Those bills can serve as a powerful visual reminder of the decisions we are making.
• Keep an expense diary. Throughout the 21-day challenge, keeping a detailed record of what you spend and what you save will give us a better understanding of our personal finances. After the period of time we can identify the triggers of spending and the habits that we should change.

Invoices with savings of $0.90 or $1.60 for eliminating VAT on products proposed by the Government

The basis of this challenge is to buy only what we need to survive. Although 21 days seems like a long period of timewe assure you that you will be able to visualize the difference if you take the risk to carry it out and improve your saving methods. (F)