5 Simple Strategies for Saving, Even on a Tight Salary

Saving often feels impossible when our salary is just enough. However, with the right strategy and discipline, you can still set aside money, even from a small income. Here are five simple strategies you can try:

1. Apply the "Pay Yourself" Method

This is the most effective strategy. As soon as your salary comes in, immediately set aside a certain amount for savings. Think of saving as a "bill" that you have to pay yourself. You can start with a small amount, for example, IDR 50,000 or IDR 100,000 per month. Over time, you'll get used to it and be able to increase the amount. The key to this method is saving before you start spending money on other needs.

2. Separate Savings and Spending Accounts

Having two separate accounts is very helpful. Use one account specifically for savings and another for daily expenses. This way, you won't be tempted to use your savings for unimportant things. You can also activate the automatic debit feature from your salary account to your savings account. This method automates the savings process, eliminating the hassle of manually transferring funds.

3. Record and Analyze Your Expenses

Many people don't know where their money goes. By recording every expense, you can see your spending patterns. Use a simple notebook or an app on your phone to record everything you buy, no matter how small. From here, you can identify unnecessary expenses, such as rarely used app subscriptions or excessive snacking, and start cutting back.

4. Bring Your Own Lunch and Cut Down on Eating Out

Eating out or buying snacks at cafes is one of the expenses that drains your wallet the most. Try calculating how much you spend on lunch out over the course of a week or a month. The numbers might surprise you. By bringing your own lunch from home, you can save hundreds of thousands of rupiah each month. Besides being more economical, bringing your own lunch is often healthier.

5. Find Additional Income

If possible, try to find ways to earn additional income that don't interfere with your main job. You could offer services, such as being a freelance writer, photographer, or selling snacks. Even a side job earning Rp 200,000-Rp 500,000 per month can have a significant impact on your savings.

While it may seem difficult, saving is really about habit. Start small and be consistent, and you'll be surprised how much money you can accumulate over time.