Let’s face it, not all of us are got a degree in finance. Saving money may sound easy but we can easily lose track on day to day spending habits and other purchases. Here are 3 ways you can start saving money today.
- Make a list: First thing is first, make a list of every dollar that is leaving your pocket. Track everything from a simple Starbucks coffee to paying your rent. This will give you an idea of where your money is going. Separate the list from daily spending to monthly spending. This will give you an idea of what you can eliminate from your spending habits. Those spending eliminations can add up quickly, which in turn become savings.
- Budget and Goals: Setting a budget for each bill is very important because it can help you not to over spend which in turn save you money. If you set a set budget for Christmas shopping, it can help you select cheaper and more affordable items. Have a savings goal for every single month. You can have a goal of saving $500 every month which you can take a little out of your paycheck every week and set aside.
- Save Money Shopping: You can save money even when you spend it. This can easily be done by taking advantage of the deals some in store and online stores offer. We’re not talking about Black Friday, rather than regular weekly deals you find on grocery store paper ads and even online store. Some stores even offer coupons which can be used in store and online.
