And when it's best to do it.
Belarusians are recommended to save at least 10% of their income and do it immediately after receiving their salary, not at the end of the month when the money is already spent. This was announced today at a press conference by Yulia Sakovich, head of the financial literacy department of the information and public relations department of the National Bank, writes Onliner.by.
Sakovich advises saving money immediately after receiving a salary, and not waiting until the end of the month. Otherwise, you can spend everything down to the last penny: usually, we spend as much as we have.
— First, pay yourself. Because the human psyche is structured in such a way that expenses always adjust to income: however much you received, that's how much you spent. As a result, nothing is left.
And if you paid yourself first, you see how this amount increases over time and turns into a decent capital, — explained the representative of the National Bank.
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