If you want to have more money at the end of the month, and an admirable savings account, then you’ll need to acquire some new habits that can help you save money. These are all very easy and very useful techniques that will surely increase your budget. Furthermore, you won’t have to do anything extra, all it takes is some organization and some patience in order to pull it off. So, here are some amazing tips that can help you save money.
This one is really simple and efficient. What you need to do is set yourself with a challenge for 1, 5 or 10 dollars, for example. At the end of each week, you put away either 1, 5 or 10 dollars and then, at the end of the next one, you double the amount and so on, for an entire month. So, it will be approximately 4-5 weeks of steady progress. This can help you effectively save 15-100 dollars and it all depends on your monthly budget. The best thing to do is try this with a $5 challenge, but if you earn a bit more, then feel free to try it with $10.
Coupons and discounts
Whenever you need to make a purchase, make sure to check if the particular item is on a discount at a different provider or a supplier. There are many small business owners nowadays, and someone always has a customer’s incentive program that you can use to get items for a better price.
You can always find some coupons online, and there are also websites that can help you track down available discounts, so it’s up to you to be informed before you need to go shopping. If there are no discounts, and you do not need something urgently, then it might be a good idea to wait a bit.
You can either schedule a meeting with a financial advisor or you can download the app that can help you manage finances. Both solutions are viable, since you’ll be able to get solid advice for your particular situation. When it comes to saving tips, these universal tips are good, but it’s always better to have helpful information that can target your specific problem. So, if you need more money, or if you are in debt, then definitely go with professional help.
This one is a classic and it’s still around as a viable method to save money. All you need to do is put all the change from your wallet into a piggy bank or a savings jar and wait for it until it is completely full. Once it’s full, you can start counting money and maybe treat yourself with an item you want for being so diligent over the past few months.
You have probably heard of online surveys that you can do to get discounts or to get paid. Of course, no one is suggesting that you do this 24/7, but if you manage to do this for about 20 min each day, then you’ll have a decent amount of additional income. There are also apps where you can vote and leave reviews and they award you points, which are later transformed into cash. In other words, there are a lot of online solutions that offer easy money, and all it takes is 20 minutes a day.
Lastly, you can always determine your limits and stay within those borders in order to save cash. You know what your monthly income is and how much money you use to pay your bills. So, once you subtract the amount of money you use for bills from your monthly income, divide that number by 30. This is your daily budget and you need to try and spend less than that amount. This is basically saving money 101, and it’s still an effective method.
As you can see, saving money is rather simple, so all you need to do is add some more prudence to your daily lifestyle. Simply set the borders for yourself and stay within those lines, the rest will be just fine.
Alex Filipovic is a creative writer. Her interests lie in the world of Fashion and Health, but she covered a wide range of topic – from raising awareness about environmental issues to discussing the various advances in informational technology. She keeps herself updated when it comes to her interests, the list of which is constantly growing.