💡 The best smart saving methods for individuals

💡 Smart Saving Methods for Individuals
✍️ By Hisham

In a world that’s becoming more expensive and ever-changing, saving money is no longer just a financial option — it’s a lifestyle.
Every riyal you save today could be the reason for your comfort tomorrow.
From my personal experience, I’ve learned that smart saving doesn’t mean deprivation; it means managing your money wisely so you can live the life you want — without financial pressure.

💬 Why Should We Save?
Before we talk about how to save, we should ask why.

Saving is your path to:

• Financial stability during emergencies or crises.

• Achieving future goals such as buying a home, traveling, or pursuing education.

• Financial freedom that brings peace of mind and smarter decisions.

I, Hisham, realized that saving isn’t just about numbers written in a notebook or app — it’s a conscious decision to improve my quality of life.

🧾 1. Set Clear Financial Goals
The first step to smart saving is knowing why you’re saving.
Is it to buy a car?
To secure your future?
Or to start a small business?

Clear goals make you more committed.
For example, when I set a goal to “save money to improve my design skills,” it became easier to say “no” to unnecessary expenses.

A goal creates motivation — and motivation builds commitment.

💳 2. Create a Smart Monthly Budget
A budget isn’t a restriction — it’s a real control tool for your spending.
Divide your income into three parts:

• 50% for needs (housing, food, transportation).

• 30% for wants (entertainment, personal purchases).

• 20% for savings and investments.

This simple method helped me — Hisham — clearly see where my money was going and how to make better financial decisions month after month.

💰 3. Make Saving Automatic
One of the most common mistakes is postponing saving until the “end of the month,” but usually... nothing is left! 😅

Smart saving means saving first — then spending the rest.
Open a dedicated savings account and set up an automatic transfer to it at the beginning of each month.
This way, saving becomes a habit — not something you have to think about.

🧠 4. Practice Conscious Spending
Saving isn’t about depriving yourself — it’s about buying smart.
Before any purchase, ask yourself:

• Do I really need this?

• Can I find a cheaper option with acceptable quality?

Sometimes, just pausing for a few minutes before buying helps us save more than we imagine.
Impulse buying is the number one enemy of savings.

📱 5. Use Financial Apps
In this digital age, there are many smart apps that help you track your expenses and financial goals.
From my experience, keeping track of every small transaction makes me more aware of my habits.

Apps like Wally, Mint, or Masareef help you:

• Automatically track expenses.

• Create customized budgets.

• Receive alerts when you’re close to your spending limits.

With these tools, saving becomes fun and organized — not a burden.

🪙 6. Start Small... But Stay Consistent
Saving isn’t about how much you save, but how consistently you do it.
Even if you start with a small amount — 100 or 200 riyals a month — what matters is consistency.
Over time, as your income grows, you can increase the amount gradually.

Remember:
A single riyal today can be the foundation of tomorrow’s success.

💼 7. Think About Smart Investing
Saving alone isn’t always enough — especially with inflation and changing markets.
That’s why part of your savings can be turned into safe, well-studied investments.

Invest in:

• Reliable investment funds.

• Stable stocks.

• Or even yourself — through courses and professional development.

Investment is the next step after saving — it’s what separates those who keep their money from those who make their money work for them.

🚫 8. Avoid Unnecessary Debt
One of the key secrets to smart saving is avoiding consumer debt — especially credit cards or small loans that seem tempting.
They may bring short-term comfort, but they silently drain your money.

Set this rule for yourself:
Don’t buy on credit what you can postpone until you can pay in cash.

🌟 9. Reward Yourself Occasionally
Saving doesn’t mean complete deprivation.
When you reach a certain goal, reward yourself with something you love — a nice meal, a short trip, or even a relaxing day off.
This reinforces your motivation and reminds you that saving gives you freedom, not limits.