The right time to save

It's the Right Time to Save!

The Right Time to Save – Save is the activity of saving money on a regular basis to be used at a certain time. Saving is an important activity because it has various benefits, one of which is:

Saving requires consistency and strong determination. Now, the question is when should someone start saving? The answers to these questions can vary. It's never too late to start learning to save. However, saving should be taught since childhood.

When you are just learning to save, the amount you save doesn't really matter. The most important thing is routine and consistent. Make sure you have a fixed saving schedule and continue to follow it until the savings target is achieved.

If you are already earning, ideally the money saved is 10-15% from salary. It will be even better if you can increase the percentage so that the savings target can be realized quickly.

So that you don't get confused, Whiz has 6 ways to save for beginners that you can follow. Come on, let's see how together!

Also Read: Tips for Securing Family Finances, Must Try!


6 Ways to Save for Beginners

Here are some ways to save for beginners that can be your first step in learning to save!

1. Record Income and Expenses

First, you have to know how your financial situation is. Record what income and expenses you do for a week or every month. In this way, you can find out which sector of expenditure is the biggest and which sector can actually be reduced.

This method is also effective in ensuring that your expenses are not greater than your income. You can also consider taking a side job if you feel the income can't meet your needs.

2. Create Savings Targets and Goals

Second, you must determine your savings goals and what targets you want to achieve. For example, you can determine that the purpose of this savings is to buy a new cellphone and the target you want to achieve is IDR 10,000,000. This step is done so that you have a clear picture of the purpose of saving. In addition, this method can be your motivation to be diligent in saving.

3. Set Amount to Save

Furthermore, to make saving easier, you can set a nominal amount of money to save on a regular basis. You can determine the amount to be saved daily, weekly, or monthly depending on the period of your savings.

If the savings period is short (example: 2 months, with a target of IDR 1,000,000) you can set a nominal value of IDR 125,000 per week to save in order to achieve this target.

4. Find Ways to Reduce Spending

Fourth, after knowing how much expenses you pay and what your savings target is, you have to find ways to reduce expenses so that the money can be allocated to savings.

You do this by cutting things that are not really important, such as subscribing to streaming applications, reducing food delivery services, etc.

5. Separate Savings Money with Daily Money

Then, so that your savings are not used for daily needs, you should have your own savings account. In addition to avoiding the use of the money, this can also be a motivation in itself when you see the nominal savings are getting bigger.

6. Do it Consistently

Lastly and most importantly, save regularly and consistently. Your discipline will be tested here, don't let your guard down and forget to save! You can install reminder on your phone calendar to make it easier for you to always remember to save.

Also Read: Consequences of Excessively Complying to Children's Wants and How to Prevent It!


That's the right time to save and how to save that can be done by beginners. Hopefully this method is effective and useful for those of you who are just learning to save!

Come on, download the Whiz application and experience your financial convenience right away