Money-Saving Tips
Embedded Files
Keep track of your spending. If you know where your money is going it will be easier to make changes if you need to.
Separate your wants from your needs. When money is tight it should not be spent unless absolutely necessary.
Save regularly. Set up an automatic transfer each month from your checking to your savings account.
How to Start Saving Money
Debt robs you of your income! The fastest way to pay off debt is with the ‘debt snowball method.
Pay off your debts in order from smallest to largest.
Ensure an emergency fund is in place. If you have an emergency fund in place, you are less likely to leverage debt to deal with an unplanned situation.
A personal finance tip is to start with $1,000.
You’ll only start saving money when you learn healthy money habits and allow your future needs be more important than your current wants!
Make a budget before the month begins.
You can stop the cycle of living paycheck to paycheck with a simple secret:
Create a new budget for each new month. No two months are exactly the same, so adjust your budget accordingly.
A budget helps you to create a plan so that you can see where your money is going and find out how much you can actually save each month.
Remember: It really doesn’t matter how much money you make—what matters is how you spend and save that money.
Create a list before you go food shopping based on what you need at home! This will help you avoid impulse buys, especially at the grocery store.
Generic brands of medicine, staple food items (like rice and beans), cleaning supplies, and paper products cost far less than their marked-up brand-name counterparts—and they work just as well too.
It’s time to cancel any subscriptions you don’t use on a regular basis.
If you cancel it and decide you can’t go without it, subscribe again—but ONLY if it fits into your new and improved budget.
Negotiate everything.
The most beneficial and creative way to save money is to know your worth and get the benefits and pay you deserve!
When your goal is to save money now, a vacation is the worst thing you could spend your money on.
Having a long-term plan for retirement savings will ensure you actually live out the life you dream of having in retirement.
Become accountable.
Accountability helps you stay on top of your goals.
There are many types of charts you can print and use for specific savings goals.
The 52-week savings challenge makes you save a specific amount every week for 52 weeks. By the end of the challenge, you save $1560!
Pick a challenge that excites you and that you can incorporate into your monthly budget.
Set up automatic transfers to bulk up your savings fast.
When you get a nice work bonus, inheritance, or tax refund (or random stimulus!), put it to good use.
If you’re debt-free, use those extra dollars to build up your emergency fund.
GRATITUDE makes you content.
CONTENTMENT curbs unnecessary spending.
TRY ONE OR TWO TIPS TO GET STARTED AND BUILD FROM THERE.
CLAIM YOUR FREE CREDIT REPAIR E-BOOK HERE!
Page updated
Google Sites
Report abuse