Saving money is something many struggle with, especially in today's world of constant spending opportunities, financial obligations, and more. If you're someone who is looking for great tips for saving money, you've come to the right place!
Commercial Bank, one of Qatar's leading financial institutions, has great savings tips to help you secure your financial stability and future!
One of the strongest strategies to control your finances is to open and build a strong savings account. At Commercial Bank, customers can enjoy a hassle-free account opening process and countless benefits. You can also conveniently set up regular monthly payments into your Savings Account by standing order to make sure you regularly add funds!
A great way to save is to plan your weekly expenses, from meals and groceries to leisurely expenses. Set aside fixed amounts for each of your planned expenses, and make sure to stick to it!
Numerous discounts are also available for Commercial Bank users to help you save on spending. Access these discounts through the CBQ Mobile App under Rewards and Card Offers!
Whether you plan on buying a new phone, upgrading your car, or going on holiday, it is best to plan out huge purchases! Set aside a portion of your funds for big purchases so when the moment arises, you're ready to splurge without feeling guilty.
Before you splurge, ask yourself one question first: "Do you really want it?". Avoid impulse buying by giving yourself two weeks before deciding to purchase. If you still want to buy it in two weeks, you know it's something you want and not an impulse desire.
Neglecting your health can result in unexpected illnesses, medical expenses, and missed days of valuable work. Furthermore, when one is exhausted, one is more susceptible to spending on ordering takeout for convenience and comfort. By investing in a healthy lifestyle, you're also investing in your financial health.
Before going shopping, make a list of the items you need to buy. This will help you avoid impulse buying and focus on your necessities.
No matter how small, spare change can accumulate quickly through your day-to-day expenses. Whether it's change from your local groceries, barber, or petrol, store small bills of QR 1 or QR 5 in a container and watch your savings grow!
Commercial Bank posts regular videos on its social media channels, providing insightful saving hacks and ideas! Check them out below:
One of Commercial Bank's newest products that offers customers a way to earn more when they save and withdraw anytime is the CB Flexi Call Account. Customers can start earning a regular interest of up to 0.75%, with the interest rate boosting with higher savings!
Commercial Bank also has a limited time offer of earning a bonus interest of 2.00% on eligible new money (QR 100,000 and above) deposited to the account until 10 February 2024.
LEARN MORE: Find out what the all new CB Flexi Call Account at Commercial Bank has to offer
“My Goals” helps you set, track, and reach your savings goal. Simply enter your goal amount, time frame, and upload an image of your goal. Commercial Bank will create a monthly auto debit from your account and set aside these amounts until you reach your goal.
Log in to your CBQ Mobile App, look for the My Goals icon under your Current Account page, and start creating your financial goals!
Deposit your salary, annual bonus, or dividend payments and get guaranteed interest rates.
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Did you find these tips useful? Which of these will you start doing? Let us know in the comments! Do share this article - it keeps us going!
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