A myth that many college students believe is that you can't ** save money ** if you're having fun. This is absolutely false! If you have earned some money during your summer job, know that you can keep some money aside and at the same time give yourself crazy joy. In this article, you will find 5 steps to save money, ** without giving up the fun **. Enjoy the reading!

** 1. Calculate the income you have available **

It's a simple calculation: take the money you make, subtract the necessary expenses and you will find the ** money you have **. For example, if you earn $ 100 and have $ 40 in fixed expenses each month, $ 60 will remain available for other purchases. It is on this last figure that you will have to rely on to start saving.

**2. Follow the "30% rule" **

Even though the best thing would be to set aside 50% of the available income, I understand that it is quite difficult for a student to get to that percentage. So I recommend that you keep ** 30% of your income ** set aside every month. This percentage must be a necessary expense for you, such as rent and shopping. If you carry this habit to you for the rest of your life, it will allow you to have a lot of money aside and guarantee you a great financial position.

** 3. Create a savings account and automatic transfer **

A useful tip for saving money is to open a separate ** savings account ** from yours, so that every time the paycheck arrives, the bank will automatically move the amount of money you want to save into the dedicated account. . Doing so is very simple: just go to your bank counter and ask for a savings account with ** automatic transfer ; often there are ** free accounts with an interest rate , which will allow you to earn on your savings. By doing this, you will not even notice that the money has been moved, because the bank will take care of it directly.

** 4. Watch your savings grow without touching them **

Take some time to do the calculations: by following the 30% rule you can quickly see how much, week by week, you can save and how much in total you will be able to achieve with your summer job. This will give you a boost to save and you will be willing not to touch the money set aside for the nest egg that will be due to you at the end of your job. It is an easy way to find motivation to avoid spending money on useless things.

** 5. Use the summer to have fun **

Once it is clear how much you have saved, the rest of the ** earned money ** can be spent as you see fit. Whether in restaurants, discos, travel or otherwise, the important thing is that you use your free time for fun, ** before returning to university and with your head on the books . You do not have to give up the fun if you have made a savings plan, because this way you will avoid spending too much money on useless things. Furthermore, you may not be able to spend all the money at your disposal and you will be able to add more money to your savings. This is ** how adults manage their money , a way to start looking to the future.