In today’s world, it can seem impossible to save money. With all the bills, the price raises, and everything else, you might be wondering how to save money at all! Even on the tightest of budgets, it’s usually possible to save money and any little bit of savings helps! By following these tips, you’ll be able to save money realistically.
- First, make cuts where you can
If you’re wondering how to save money, the first step is to stop spending it all! Spending money frivolously is the hardest thing to stop, but also the easiest change to make when you first start to save money. This means no more fast food and no spontaneous purchases! Fast food purchases can add up extremely quickly and by cutting that out of your spending, you’ll free up room in your budget to put money aside instead.
- Decide on a monthly amount and stick to it
Setting a monthly amount is important when saving money! You want to have a set amount in mind so you can keep yourself from spending it and also so you can work it into your budget. The amount can be whatever you want it to be, and remember, even $10 a month will eventually add up! Saving money is important and there is no minimum requirement to your own savings!
- Open an account you don’t have easy access to
You want to be able to access the savings account in the event of an emergency, but otherwise, don’t let it be easily accessible, especially if you’re easily tempted. This will help you keep your saved money in savings where it belongs!
- Have a small amount of your check direct deposited into savings
This is a great strategy for saving money because with this, you’ll never even see the money. Out of sight, out of mind! It’s a great way if you’re easily tempted to overspend and waste money. Even if it’s only $10, it’s still being saved every month and you’ll thank yourself later!
Ultimately, to save money realistically, you have to do what works for you. Some money saving plans require you to save a lot of extra money and just aren’t realistic for someone who is struggling as it is. The most important part to remember is that everything helps. If you can afford to save a little extra one month, do it! Eventually your savings account will build up and you’ll have a nice little fund built in case of emergency.
—Recently I joined Dave Ramsey’s My Total Money Makeover. The cost to join is $89 per year and you are able to create your own online budget. I have found this to be extremely helpful; it has shown areas where I can need to do some serious cutting back but also areas where I have made some real saving strides! To learn more click here https://www.mytotalmoneymakeover.com/
I find using tools like this can give us a true picture of our spending and where we can change it!
What makes you want to save money? Let me know in the comments below. 🙂