How to save for lazy people
Saving allows you to put money aside for your future, your holidays or a property project. But sometimes it takes time and motivation. Are you more of a "lazy" team when it comes to talking about saving? Do you shy away from talking about the stock market, shares or financial management? Well, there's a name for it: Lazy investing, or the art of being profitable when you're lazy. Would you like to save and grow your money without having to think about it? Here are 7 practical tips on how even the laziest people can learn to save! Take up the challenge with Birdee!
UNDERSTANDING THE IMPORTANCE OF SAVINGS
To adopt the right reflexes, you first need to understand why you are saving. First and foremost, saving gives you peace of mind in the medium and long term. By putting money aside, you build financial security to deal with unforeseen expenses. Saving also allows you to carry out longer-term projects, such as buying a property, taking a dream trip or continuing your studies. Another good reason to save is to prepare for retirement.
AUTOMATE YOUR SAVINGS WITH PROGRAMMED TRANSFERS
Automating your transfers is very practical for people who find it difficult to be disciplined with their savings, whether for lack of time or motivation. Every month, your money is automatically transferred to your savings account (passbook or other) without you having to think about it.
💡 Although automation makes saving easier, check your accounts regularly to make sure everything is going smoothly and that your financial goals are being met. You can also adjust the amounts according to your financial situation.
CHOOSE SAVINGS PRODUCTS SUITED TO YOUR PROFILE
For those who are lazy when it comes to financial management, choose savings products tailored to your profile. First tip: avoid investing in the stock market, where you have to constantly monitor share prices and make complex decisions. Instead, opt for investments that are simpler to set up, such as a bank savings account, life insurance or a PEL home savings scheme. These investments offer attractive advantages for less active investors, as they do not require daily monitoring or frequent decision-making.
By opting for simple savings products, you can put money aside without stress or effort, while enjoying steady capital growth over the long term. What more could you ask for?
BE ACCOMPANIED BY A FINANCIAL PROFESSIONAL
Aren't you interested in the stock market and don't want to spend your days studying charts? But would you still like to save and grow your money? While investing is accessible to all budgets, managing your financial portfolio may require some sound advice from an expert. Call on a professional to manage your portfolios so you don't have to worry about the details. The financial adviser will devise an investment strategy for you that is tailored to your objectives and your investor profile (risk tolerance), while taking account of market fluctuations. Another advantage that should appeal to lazy investors is that your adviser will keep you regularly informed about the progress of your investments.
SAVE WITHOUT THINKING ABOUT IT WHEN YOU SHOP
Do you find it hard to believe that you can save money while shopping? And yet it's easy to save a few centimes and accumulate euros without thinking about it every time you go shopping. How can you do it? When you make a purchase, the amount is rounded up and the difference is automatically transferred to a dedicated savings account. Whether it's for online purchases or card payments, this little extra amount set aside with each purchase gradually builds up to form savings over time. And to stay motivated, get your family involved or save as a couple!
SET ACHIEVABLE SAVINGS TARGETS
If you start saving in the hope of treating yourself to a trip to the Caribbean, chances are it will take time and your motivation will wear thin over time. Set achievable goals that will boost your motivation and give meaning to your savings efforts. Set yourself a target to save each month (for example, 10% of your salary), schedule an automatic transfer to your savings account at the beginning of the month and you're done!
DOWNLOAD A BUDGET MANAGEMENT APPLICATION
Financial management applications are designed to simplify the tracking of expenses and make it easy to see where your money is going. You can link your bank accounts and credit cards to the application, making it easy to collect data on your transactions. With clear graphs and reports, you can keep an eye on your finances. Some apps even include features to set personalised budgets and remind you to stick to your savings goals.
The good news is that saving isn't just for stock market experts. For lazy people who want to save without the hassle, there are some simple tricks that can easily be put in place. Whether by automating your transfers, using a budget management application or getting professional help, you can build a solid financial future without having to worry about your finances all the time. So don't hesitate to put these tips into practice and start saving now for a brighter, more prosperous future.