How to save like a millionaire?

Saving tips that the richest people follow!

It is not as difficult to save as it seems at first glance. There are some rules that even the richest people follow that are clearly defined. They can be useful in everyday life.  Experts point out that we can live without financial stress if learn how to balance personal expenses and how to set aside the time we need to achieve our goals. 

Set priorities

Your salary is the first and most important priority. When you receive your salary, first take care of the necessary expenses. Pay the rent, repairs or any other essential expenses. You can save the rest of the money in your bank account. 

Emergency Fund

Savings should be done according to plan, and the emergency fund is one of the plans that will help you set aside money for unpredicted situations. That way you won't have to borrow from friends and family just because you need money for a small repair.
Make a difference between desires and needs
We all have desires, but that doesn't mean we should indulge them and spend money without thinking. We need to spend on things that are important.  When you think that you really want something and that you have to have it right away, the best advice is to wait at least 24 hours. Then think about whether you still need it, or have you lost interest and moved to something else.

Pay in cash 

People who spend with a strategy prefer cash to pay by card. Especially when small amounts are in question. The rich live by the habit of keeping as far away from debts as possible. This advice is great on so many levels. We use our cards before we can think do we really need something, and we buy a bunch of things online on a whim. Just think, is it worth a trip to the ATM, to the store or to the bank? If not, maybe you should buy it just because it looks cute on the model, and because it will be delivered to your doorstep.
This is great advice for privacy too. Websites offer the option to save your credit card information for future payments, so you have even less time to think next time when you browse their products.

"Pay yourself first"

This is the mantra of many financial advisers.
It means to invest in savings before paying for anything else.  It is great to make sure you still have some money at the end of the month. But even after that, it is important to spend wisely.
The key is to set aside about 15% of what you earn for long-term investments and spend on things that you will use for a long time, or that will make you money in the future.
Invest in knowledge
You can spend money on yourself, so you can grow, and make more in the future. You can invest in additional courses or something that you know will have a guaranteed return. You can continue to invest in your hobby if you want to turn it into a business later on. However, spending on a hobby, if you don’t have an emergency fund, is definitely not advisable even if it makes you feel good at the moment, having enough to go to the dentist and still pay your bills on time will definitely feel better in the long run.