Smart Ways to Save Money in 2021

Save Money in 2021

If there’s one thing to take away from the financial devastation caused by the coronavirus in 2020, it should be this: help is there, but it won’t come to you. Apart from Hungarian relief programs, you’re on your own at the end of the day.

Here are a few key areas listed by gambling expert Péter Deli (view more on him) to start if you’re ready to take charge of your finances for your Hungarian business this year.

1. Credit Counseling Services

You don’t have to do it alone if you’re in a bad financial condition. A licensed credit counselor in Hungary can offer you free or low-cost one-on-one guidance on budgeting and saving, whether you have a large amount of high-interest debt or want help on budgeting and saving.

2. Create a Billing Account

If you have a habit of paying your bills late or falling into debt, set up a second bank account, make a monthly direct deposit for the whole amount, and set up auto-pay for your bills from this account. Consider it off-limits and just for paying bills; it’s a low-risk alternative that helps you gain a better understanding of your financial condition.

3. Try Online Gambling

There are many kaszinó játékok online in Hungary. It is simple to make money at kaszinó játékok online if you follow the rules. 

Poker and blackjack are examples of skill-based casino games. However, in kaszinós játékok like roulette or slot games, luck also plays a role. In a game of roulette, the player never knows which number will appear.

4. Attempt a Different Budgeting Strategy

Your budget most likely went out the window this year. It’s probably a good moment to check in on your money, whether you’ve lost your job or put your spending habits on hold.

Zero-based budgeting is one strategy worth pursuing. It pushes you to assign a purpose to every dollar you make, which is a decent approach to refocus your savings and debt-management goals.

5. Fill Out an Application for Extended Unemployment Benefits

In times of crisis, unemployment benefits constitute a vital safety net. Filing for benefits may be difficult and time-consuming, especially now that Hungary is working to catch up on a backlog of applications. If you believe you are qualified, we recommend submitting an application online and having the required paperwork on hand.

6. Home Buying

The housing market in Hungary is expected to boost in 2021, and Hungarians are pursuing their aspirations of becoming first-time homeowners. Whether you find yourself in this situation, see if any special loans, grants, or assistance programs are available to you.

7. Redirect Your Savings

How have your spending habits changed over the last six months? With many leisure activities ruled out due to the lockdown, putting all of the money you would have spent on a gym membership, dining out, vacation, and social events into a high-yield savings account or paying down debt is a good strategy.

When your favorite hobbies return, you’ll not only have a better idea of where you want to spend your money when you’re able, but you’ll also feel like you accomplished something.

8. Create an Emergency Fund

This is a crucial one. Building a savings cushion is a crucial step toward financial well-being, as it may shield you in bad times and enable you to seize chances in good ones. This year’s unexpected unemployment crisis demonstrates the need for having an emergency fund and how difficult it is to build one.

But don’t get too carried away. Begin with a simple objective that feels reasonable to you. Even putting aside a few dollars each month for the future might become a lifeline in dire situations.

9. Credit Repair Firms Should Be Avoided

Building excellent credit is critical to your financial well-being, and having bad credit may be costly. As a result, hiring a credit repair firm that claims to restore your credit score for you may sound appealing.

During the pandemic, several of these businesses have increased their advertising efforts. However, beware: some businesses aren’t worth the money, and you can accomplish all they offer for free.


Apart from the points discussed above, keep your career choices open by keeping your skills up to date. Get the training and education you need to keep your knowledge and skills up to date.

Keep your financial papers in order so you can keep track of your money and find crucial documents when you need them.

The views expressed in this article are those of the authors and do not necessarily reflect the views or policies of The World Financial Review.