People are often faced with the burdening dilemma of not having enough money, or worse, getting into debt. No matter how much money comes their way, for some reason another, it just ends up somewhere in oblivion.

So what is a surefire way to save money, without killing yourself over it? Here’s the answer: percentage.

Every time you receive money, divide this into fixed percentages. The book, “The Richest Man In Babylon”, says that a man who keeps at least 10% of his earnings is surely on the path to wealth. This method is also endorsed by millionaire author, T. Harv Eker, in his book, “Secrets of the Millionaire Mind”.

So here’s what you need to do: think about your income, and immediately subtract 10% of it for your savings. If you can live comfortably with the 90%, then good for you! IF not, then try to see where you can but back on expenses. Be careful not to compromise with yourself by saving only 5%, because you just need to have that new pair of boots, or that gadget on sale. However, if saving 10% just isn’t realistic for you (or you don’t have the discipline for it yet), begin by saving 5%, or even 1%! The important thing is to start, and to never miss a “payment”.

Once you’ve established your 10% saving habit, you can also divide your income some more, such as another 10% for financial education. 10% for investments, and so on. challenge yourself to lessen the percentage of your living expenses. If this isn’t possible, make the effort to increase your income.

Financial freedom is all about the process of learning, saving, and definitely investing. Just know that one of the first steps to wealth is accumulating enough cash that you can use for future opportunities. Saving isn’t difficult, it’s just a matter of making a system and sticking to it.

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