I would like to quickly share one effective way to save money. It’s actually very simple – Motivation. Yes, that driving force that makes us human moving. Without motivation humanity simply stop working. Good example of that is failure of communism, which denied motivation by implementing that all humans must be equal. That means that you all earn the same no matter how much you put effort to it. We all have to agree that this is totally stupid.
So I want to share the method that I motivated my self to save some funds for investing. I agreed with my wife that apart from regular 200 EUR/mo. deductions I would add additional +2 EUR each time I eat at work home made food. Dinner at restaurants are quite expensive and cost 5-7 EUR. If we estimate that food preparation cost ~2 EUR so we save ~4 EUR and 1/2 of those save fund goes for investing and other 2 EUR for other family needs. At max. this will add additions 40 EUR. My target ~1/2 or additional +20 EUR/mo. savings.
How that will workout only time will tell.