Financial consultant Alexey Slatimov explained how to start saving even on a modest income, as reported by 29.RU.

According to him, the most important financial habit is spending less than you earn. To begin, the expert recommends analyzing your own expenses and setting clear limits for each expense item.

"For the first step, it's enough to open your banking app and see what you're spending on and how much. Based on that, set limits for yourself and allocate a precise amount for each expense item that you can't exceed," Slatimov explained.

According to the expert, maintaining financial control helps combat emotional purchases and more rationally assess the need for spending. After analyzing your expenses, it's easier to start building a financial safety net.

The expert emphasized that savings skills need to be developed gradually. "We need to start with small amounts. The percentage we can save per month should be comfortable. If we start saving 10-20% of our income at once, we're more likely to break down and spend it all," he noted.

Slatimov also reminded that spare cash should be put to work. As a first step, he recommends opening a savings account to earn interest, and then considering other investment instruments.