Saving at home is often considered the easiest way because it is not complicated and can be accessed at any time.

However, the real challenge is not just saving money, but how to avoid being tempted to use the savings before it is time.

Not a few people who initially intended to save, but ended up taking little by little until there was nothing left.

Well, in this article, we will thoroughly discuss several surefire ways so that you can save at home more safely and consistently. Come on, follow the tips!

Why Does Saving at Home Often Fail?

Saving at home may seem simple, but there are several reasons why this method often fails if not accompanied by discipline and the right strategy. Here are some reasons or causes:

1. Too easy to access

Because the money is stored in an easily accessible place, the temptation to take it becomes greater. In fact, without a pressing reason, you may be tempted to take it little by little until it runs out.

2. No time limit for withdrawal

Without rules about when money can be withdrawn, saving becomes uncontrolled. There is no sense of “love” when taking it because there is no binding time commitment.

3. No clear goal

If you save without knowing what it is for, the process will lose direction. Without a specific target, the motivation to save can quickly disappear and you feel that it doesn’t matter if the money is withdrawn at any time.

4. Not using a system or method

Saving carelessly without a clear method can easily fail. For example, there is no plan for the amount of money that must be set aside each week.

In addition, not using a system such as the envelope method or savings schedule also makes the process less consistent.

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9 Ways to Save at Home So It’s Not Taken

Saving at home can be a challenge, especially if the temptation to access your savings comes at any time. Here are some tips to help you save safely and effectively at home:

1. Use a Closed & Difficult-to-Open Container

Choose a safe and difficult-to-access place to save. Some options that can be used include tightly closed cans or bottles, mini safes with combination locks, or secret bookshelves.

That way, your money will definitely be harder to take without careful planning.

2. Store in a Hidden Place

Place money in an area that is not easily accessible or visible. The more hidden the place, the less likely it is that others will find and access it without permission.

In this case, it is better to choose a place that is rarely checked or not visible to other family members.

3. Label with Savings Goals

Setting clear goals is very helpful in motivating yourself. For example, saving for a family vacation or emergency fund.

Write down your goals and stick them near where you keep your money so that whenever you feel tempted, your big goal can remind you.

4. Use a Manual Envelope System

Envelopes with appropriate labels for each savings category are very helpful in organizing your money. Allocate money according to specific goals, such as emergency funds or education costs, this way your savings will be more structured.

5. Set a Special Day to Save & Open a Savings Account

Setting a specific time to save and check your savings will give you more control.

Set a special day every week or month to check the progress of your savings and add to it according to the budget that has been made.

6. Visualize Savings Progress

Making notes or graphs that show how much money has been collected will give you a motivational boost.

With visualization, you can clearly see the progress of your savings and be more motivated to add to it.

7. Ask for Help from Trusted People

If necessary, invite someone you trust to look after your savings. It could be a partner, family, or friend who can be a reminder or supervisor so that you stay on track with your savings and are not tempted to use it prematurely.

8. Switch to Physical Assets such as Small Gold

Switching some of your savings to assets that are not easily liquidated, such as small gold, can be an option. Gold is often seen as a more stable and secure asset, and is more difficult to sell or use carelessly.

9. Use an Offline Savings Simulation Application

Even though you save manually, you can use an application to monitor and plan your savings.

Some applications allow you to visualize your savings targets and provide reminders so that you remain disciplined in saving. Make sure the application is not directly connected to an account or payment system.

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Is Saving at Home Right for Everyone?

Saving at home is not a suitable option for everyone. There are several factors that determine whether this method is suitable for someone’s needs.

Saving at home is perfect for those who want full control over their savings.

By keeping money in a place that can be reached at any time, money owners can more easily monitor and manage their finances without relying on other parties, such as banks.

This is also ideal for people who have short-term savings targets, such as to buy goods or meet future needs in the near future.

In addition, if someone has difficulty accessing banking services, either because of a remote location or being busy, saving at home can be a more practical alternative.

In this way, they can save time and energy that would otherwise be used to go to the bank.

However, saving at home is actually not the best option for everyone.

For those who are easily tempted to use the money they save, saving at home can be risky because there is no clear boundary between savings and money used for daily needs.

This can defeat the purpose of saving because money kept at home is easily spent. In addition, people who often face emergencies, such as sudden medical bills or home repairs, may have difficulty.

Relying on money kept at home can be challenging because it is difficult to access large amounts quickly.

Furthermore, if someone wants the value of their savings to grow, saving at home may not be the right choice.

Money kept at home will not earn interest or other profits like those that can be obtained by saving in a bank or investing.

Also read related articles: 7 Ways to Predict Crypto That Will Rise, Automatic Profit!

Other Alternatives to Saving at Home

Here are other alternatives besides saving at home, which can be considered for safer and more profitable financial management:

1. Separate accounts

Opening a separate bank account is a safer option than keeping money at home. This way, money used for daily needs and long-term savings can be clearly separated.

In addition, money stored in the bank is protected by deposit insurance from the Deposit Insurance Corporation (LPS) up to a certain amount, and you can also earn interest on the existing balance.

2. Digital gold

Digital gold is becoming an increasingly popular investment option. By buying gold in digital form, you don’t need to worry about its physical storage.

Gold is known as a stable investment instrument and can protect against inflation, making it a suitable choice for long-term savings.

3. Crypto (USDT, USDC)

Investing in cryptocurrencies such as USDT (Tether) and USDC (USD Coin) can be an attractive alternative.

This crypto is pegged to the US dollar, so it tends to be stable even with the potential for greater profits than traditional currencies.

The many platforms available today provide an easy way to buy and store crypto safely.

4. Investment platforms like INDODAX

If you are interested in trying an investment with the potential for higher profits, then a crypto exchange platform like INDODAX can be an option.

INDODAX allows you to buy and sell various types of digital assets, including crypto and other commodities.

With advanced security features, the INDODAX platform provides protection for your digital assets, as well as offers investment opportunities in a fast-moving market.

Save Crypto with DCA (Dollar Cost Averaging) Strategy

Dollar Cost Averaging (DCA) is an investment strategy where you buy crypto with a fixed nominal amount regularly, regardless of whether the price goes up or down.

With DCA, you can buy crypto consistently even though the market price fluctuates, which can help reduce the risk of buying when the price is high (peak).

This strategy is perfect for beginners who want to start investing with small capital, because you can start with a nominal starting from IDR 10,000 to IDR 50,000 per week.

To get maximum results, choose crypto with long-term potential, such as buying Bitcoin (BTC) or buying Ethereum (ETH), which have been proven to have stable growth.

For example, if you save IDR 50,000 every week, then in a year you can collect around IDR 2,600,000.

Through the DCA strategy, you can start building a crypto portfolio without having to worry about short-term market price volatility.

Conclusion

So, that was an interesting discussion about 9 Ways to Save at Home So It’s Not Taken & Anti-Bocos which you can read in full at the Crypto Academy at INDODAX Academy.

In conclusion, saving at home can be a smart choice if you have a good strategy and strong self-control.

Make sure to use a disciplined method, such as storing money in a hidden place and labeling each savings target.

Once the savings have been collected, consider growing their value through a DCA strategy in crypto, for example on a platform like INDODAX.

It is also important to remember that saving is not only about the amount collected, but also about the habits that you build consistently.

FAQ

1.What is the safest way to save at home?
Use a locked container and store it in a hidden place so you are not tempted.

2.Why do savings at home often run out by themselves?
Because it is too easy to access and there is no control system.

3.How not to be tempted to take your own savings?
Determine goals, create rules for withdrawal times, and visualize progress.

4.What are the disadvantages of saving at home?
The risk is taken by yourself, does not grow, is prone to loss or forgetting where it is stored.

5.What is the DCA strategy and why is it suitable for saving crypto?
DCA is a strategy for buying assets routinely in fixed amounts. Suitable for beginners because it helps discipline and minimizes the risk of price fluctuations.

Author: Boy