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6 Tips to save money in Japan as a Trainee
This goes without saying but I know that all of us trainees want to be able to save as much money as we can to be able to send to our loved ones back home. But managing your budget can be a very daunting task contrary to what people think and living in one of the world’s most expensive countries makes it even harder.
There are a ton of ways to be frugal without holding too much back. Here are 6 tips to help your budgeting skills up and ready for 2021!
Tip #1 The 50/30/20 Rule of saving money
Some of you might have heard the term the 50/30/20 Rule of saving. Basically what it is is it breaks down your income into just 3 parts, Your Needs, Wants, and Savings/Debt.
How it works is you put 50% of your income to your needs. Stuff like rent, bills insurance, loan repayments, and basic groceries. Then the 30% you put on your wants like dining out, clothes shopping, holidays, and subscriptions like Netflix. The last 20% should go to your savings or your debt.
Pretty straightforward right?
