In light of the successive global crises that we are witnessing and in light of the rise in the standard of living and the high prices and not being associated with the rise in the level of income and salary, we have become in need of a firm financial system so that we do not be cut off from the money in the middle of the month and so that we are not in dire need of others, so many regulations and rules appeared. And applications that help individuals organize their monthly spending in addition to saving a portion of money for other future goals.

There is a well-known rule called the 50-20-30 rule and it refers to spending half of the salary on basic and important needs and 30% of the salary on things that make your life more luxurious, such as buying a specific bag or expensive products or electronic devices with recent releases and 20% of the salary is used either To save or invest, or both, to achieve specific financial goals.

There is also the 50% rule, which stipulates saving half of the salary and spending half of it on basic needs and necessities only.

Important tips to save your money and become an investment and savings owner:

1- Every individual should track his own expense flow, monitor himself and his purchases, and classify them in terms of important and most important, and dispense with unimportant purchases. There are many savings applications that can be used such as: Chime, Digit, Clarity Money, Qapital

2- Determining expenses, yes even if you spend your money on necessities such as housing and transportation, you can intelligently adjust this budget and rent a cheaper place or follow the type of car gasoline and the roads that are taken to get to work, so one way or another you can continue to reduce your expenses to reach your goal Please

3- You must plan to find out the reasons that prompted you to save your money and reduce your expenses, so that you do not become frustrated and deprived later, so set your goal of saving in order to increase your motivation ..

4- Pay close attention to the small expenditures that you usually do not care about, because they most spoil the budget

5- Write a list of important items before going shopping

Each of us has a specific experience with economizing money and saving it, and some have invested it as well. What is your own experience in this matter?

Do you consider yourself an economist or a spendthrift?

Do you agree with the saying "live me today and die a virgin"?