How to save

Start saving? Why not! But how and where to start? To help you, discover our advice and some effective saving practices.

What are some practices to consider?

Budgeting: income expenditure and valuable information

Do you feel like you're not in control of your finances? Does this uncertainty make you worried about your future? This may be due to a lack of clear understanding of your monthly income and expenditure. In this article, we'll explain how to manage your monthly budget effectively. By doing so, you may be able to identify unnecessary expenses or areas where you're overpaying. Initially, this will require some discipline, but if you follow the rules correctly, you'll reap the benefits in the long run.

Set a clear goal

Whether it's a new car, financial peace of mind in a few years' time, or your children's education, having a concrete goal in mind will help you stay on track and save each month, as well as cut back on other expenses as needed.

Draw up a calendar

It’s vital to have a good overview of your income and expenditure. Track your income and expenses by noting the dates of your salary payments and regular debits each month. That way, you’ll have a better idea of your cash flow. This will also allow you to identify more difficult times during the month and plan accordingly.

Set up direct debits for your savings

Instead of trying to set money aside at the end of the month, when there may be little left over, consider saving as a regular subscription. Just as you would pay for a gym membership or streaming service, think of saving as a monthly payment towards the future you want. Set it up to be deducted automatically from your account shortly after your salary is paid, and you'll only need to think about it once. After that, it's automatic, and you'll be building up your savings over time.

Tools to put your money to work

Keep a close eye on your income and expenses

With your banking app, you always have a precise and complete overview of your income and expenses, savings, and investments. This gives you the opportunity to analyse your transactions, possibly by grouping them by category, and to track the growth of your savings.

Separate your savings

You'll find it easier to achieve your goals if you clearly define them from the start. There are specific savings solutions tailored to your needs, such as saving for a home or your children's future. By setting a clear goal, you'll create a motivating incentive that drives you to work towards achieving it.

Savings made easy

Saving while spending money? Yes, you can! Did you know that there is a banking tool that automatically rounds up your debit card payments or money transfers to the nearest euro? The difference is then paid into to your savings account. It's a simple way to build up a nice sum of money over time, without noticing. Easy!