How to save money

How to save money

  Saving money is one of those tasks that is so much easier said then done.I have personally tried a ton of different methods but was never able to go through with them because there was always something popping up in my life that I thought I needed more then my savings. I have tried a bunch of tips and tricks but they have never really stuck. I found out that there was more to it then just spending less money. I have finally found some new ways to actually set realistic goals, keep my spending in check, and get the most for my money.

1. Kill your debt.
Calculate how much you spend on your debt each month, which will illustrate that eliminating debt is the fastest way to free up your money. Once you are free from debt, now you can easily start putting your money in your savings.

2. Set a savings goal.
Whether it is a short term goal or a long term goal, just set it.

3. Establish a time frame.
I think time frames are important to keep you motivated throughout your savings goal. Just make sure your time frame is attainable for you.

4. Figure out how much you would have to save per week, per month, or per paycheck to attain to each of your savings goals.
Figure out how much you need to start saving right away. Make sure you are not cutting short your regular savings.

5. Keep a record of your expenses.
That was my toughest to get used to, until I took a different approach to it. I figured out how much I made and how much I spent. Since I had more control over what i spent, i took a critical look at my expenses. I wrote down everything that I spend to the nearest penny. I made sure I was super detailed and made sure not to leave out any small purchases. Every penny counts!

6. Make a budget.
Write down a budget so you will know each month or each paycheck of how much you can spend on anything or a category of things.

7. Stop using credit cards.
Credit cards are very easy to overuse, so eliminating them first will help you greatly with your savings and avoiding those high interest rates!

8. Don’t get discouraged and don’t give up!                                                                                                                       You may not think you can become wealthy but to become a millionaire is possible if you set up an aggressive savings plan and stick to it! Good things often take time and the longer you save, the more you will have!