Everyone wants to save money, right?
Well, saving money is easier said than done. And it’s so easy to take the money out of your pocket, but it takes time to earn it back. In my early twenties, I’ve realized that we’ve spent so much money on things that we “want” or we “think” we need instead of spending it on the things that really matter.
Whether you are just trying to save more money in general or you want to save for a certain purchase or goal, in this post I’m sharing with you some practical ways for that:
🎯 Set a goal
You could be saving for college, for your first car or house. Saving money is easier when there’s an end goal in mind. Your focus and drive can be strong if you know very well why you started saving.
✔️ Make a list and create a budget
Get organized. A budget is vital to keep track of your spending, so you know where your money goes before you even spend it. A budget allows you to identify areas where you can cut back so you can maximize your savings. Don’t forget to create lists too. When you go to the groceries, or shopping in general bring a list with you so you don’t end up getting anything else.
🍲 Make your meals at home
Making your meals at home it’s so beneficial for your wallet and for your health. At the very least, try to cut down to eating out once per week. And instead of ordering drinks or your morning coffee, try to make them at home. Drinks can be very expensive.
My other tip for you is to always bring snacks with you so you don’t cave into the temptation of buying something to eat.
🏪 Don’t go to the store with an empty stomach
Shopping when you are hungry is a big mistake because you end up buying everything. This can bust your budget and ruin your plans to not spend money.
🧹 De-clutter, donate and sell
Instead of throwing away things that you no longer use, consider donate or sell them. You can post the items you want to sell on eBay, Facebook Marketplace, and Poshmark for example.
🎁 Try DIY gifts
Making your own gifts allows you to save more money and are way more interesting and sentimental because they have a more personalized touch. There are plenty of ideas on Pinterest for example.
💸 Stick to cash
Trust me, cash is one of the best saving money tips. Because you see how your money disappears. When you pay everything with a card, sometimes you forget that the money keeps coming out of the account.
🙅♂️ Choose a no-spend day
A no-spend day is one where you basically don’t spend any money. You will be surprised how you spend so much money daily, and sometimes it’s on unnecessary stuff that we really didn’t care about or truly needed. It’s a chance for us to see what we ended up saving.
💰 Open a savings account
With a savings account, you will be able to have complete control over your money in an instant. This will help you avoid unhealthy spending issues once you start increasing your income.
Do you have any other saving money tips? Please share in the comments, I’d love to hear from you 🙂