First of all, stay calm. Don’t panic if suddenly your salary is not enough to save. That’s what the monthly budget is for you to examine your finances. Keep calm because one becomes brutally aware of the use we make of our money.

Let’s start with baby steps. If you want a figure, ideally we should save 10% of our salary and put it in a savings account. Include it in your automatic payments to make this happen almost without you noticing. In fact, it could even happen that after saving, let’s say you have some money left over from the month and you can transfer it to that savings fund. That will give you a lot of joy, i.e., you can be more thrifty and smarter with the use we make of our money.

Evaluate your own financial safety net as your own exercise. For example, if you are unemployed and have 6 bills to pay, how much do you need per month to meet those expenses while you have no income. Establish a minimum amount of money that you should keep in your accounts in case you face such an uncomfortable situation as not having a job.

Check the growth rate of the savings account. If you think your savings are not growing, look at banks that do have an interest rate within the banking market. You can, for example, make a fixed-term investment. These investments usually have a better interest rate, but you must already have a good amount of capital.

Saving is always beneficial. Allocate an account that is fed with the minimum of 10% that we discussed at the beginning and try to find a way that at the end of the month and with the “austerity” that you wish, you can squeeze more of your salary and thus increase your savings. Then move to fixed-term investments and save that money from your interest in another savings account at another bank. That will work for you. Avoid suffering the last week of the month by biting your nails and going several days without a penny.