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Even before finding another source of income to supplement your salary it is first very important to implement changes to your spending and saving habits. By doing this one will secure a stable financial base in the future. It is imperative to have a habit of saving as a way of acquiring financial discipline. A habit of saving will ensure that you become financially independent in the future, but there are some radical steps one needs to adopt early to achieve this. The first thing to do is monitor your expenditure, this you do by writing down your daily expenses. Note the amount of cash you use on each item that you purchase for about two months. This way you will know where you are overspending and hence review your monthly expenditure. From there determine how much you can afford to save on a monthly basis, making sure that you don't overstretch yourself. Also as you save put aside some money for emergencies. If you have children, it would be important to start saving early for their education. Rather than waiting till they are ready to go to school, save little amounts which are manageable while they are still toddlers. Go to a bank where you can open an education account or an insurance company that offers an education policy. Budgeting is another vital aspect of saving. Before you go out shopping write down what you need to buy rather than just picking items from the supermarket shelves. Shopping without a budget will lead to impulse buying and mostly when one gets home they discover that what they bought was actually not necessary. Stephen shares his experience in self development tips that will definitely add value to your life. Website: Self Development Tips
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