Learning how to save money isn't always easy, but it's an essential life skill! However, it can be difficult to save your income like you should if you don’t know how to do it correctly. Saving 50% of your income may seem difficult, but more people are doing it than you might think, and here’s how. How to Save Money – How to Save 50% of Your Income Why should you save 50% of your income? It's the best way to save money for retirement, and vacation, and to pay off debt. Direct deposit half of your income. One way to save 50% of your income is just to do it. Have half of your income deposited into a bank account that you do not use every day. If you use PayPal, then have this income transferred into a different bank account. Make sure your savings account and checking account are not connected via the same bank. This way it takes a few days for you to transfer money and won't be as tempted to do it. Also, if you don't see the money every day you tend to forget it's there. Lower your debt. It can be nearly impossible to save 50% of your income if you have a lot of debt. Lowering your debt is an easy way to save 50% of your income. Pay off as much debt as you possibly can. Although this may take some time, imagine how bittersweet it will be to reduce your debt
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