In times of rising costs of living and an uncertain financial future, the ability to save is becoming crucial. Implementing small habits can translate into our perception of how to save money in a simple and non-intrusive way.
One of the extremely popular theories in the world of utility finance can help you save for retirement. It's about the latte effect, the concept of which was created by David Bach, an American author of books on finance.
The best ways to save money. How to start and how much can you gain?
The expert observed people drinking coffee to go and saw a correlation with the fact that giving up such a habit can bring significant savings over the course of a year, a decade or even a lifetime.
When implementing a savings plan, four steps to effective saving should be the basis.
See also: Are you 60 years old and have worked for 40 years? This is how much pension ZUS will pay you in 2026
As Pekao experts point out, the first step is to analyze expenses. Thanks to online banking, you can easily check what you spend the most on and what you can give up. An example is the latte effect mentioned earlier? As ING.pl points out, by giving up coffee for PLN 15 a day, after a year you can save over PLN 5,500, and after 30 years even PLN 240,000. zloty.
How to save money? Start with these four steps
The second way is to implement permanent transfers to a savings account. This way, there will be no need to remember to make a transfer, and the money will be deposited systematically and unconsciously.
For everyone who can afford to freeze part of their income, the third way to save may be effective. The idea is to use the deposit to achieve predictable profits. By making a deposit, you can be sure that your savings will grow as expected over a specified period of time.
How to save for retirement?
Although retirement does not always trigger financial reflection among Poles, it is still worth thinking about it in advance. As Pekao experts point out, securing the future can eliminate the anxiety that the amount of the pension will be definitely insufficient.
See also: PLN 1,978 pension without work. You only need to meet one condition
Long-term products – the fourth simple step on the way to effective saving – such as IKE and IKZE allow you not only to save for retirement, but also to benefit from tax breaks. Thanks to them, you can gain more by not paying capital gains tax or lowering the tax base.
It is worth remembering that the most important thing in saving is to set realistic goals and regularly save even small amounts. Planning and consistency are the basis of success. It is worth using banking tools that automate saving and help control expenses.
