Most of us would like to have more money. In this how to save money tips you will find new inspiration about saving more money.
Money won’t buy happiness but I sure am happier when I have some. Having a little savings can go a long way to help you reaffirm to yourself that you are the leader of your family.
Do you have a money savings goal? if so, is it a weekly, monthly or retirement goal? No wrong answer here. The important thing is to forget your past if you aren’t where you want to be now. Regret of the past will only block your thinking of the future.
Try some of these tips below and make it a conviction that you will save more money. There will be bumps in the road, unexpected expenses, but, don’t get discouraged. They are part of life. With more savings you will manage those bumps with confidence.
Make a monthly budget.
This is the tough one but, probably the most important one. The whole point is, you want to have more money come in a month than goes out. The opposite can not be sustained for very long for most people.
Start with your monthly income at the top.
If your income stays the same every month this is easy. You know what it that number is.
If your income changes every month (like mine) then, use the average you usually make in a month.
Try to make it simple at first. Monthly income – monthly expenses = what is left over.
Hopefully there is something left over in the end. If not, there is work to do.
You know what your fixed expenses are. Mortgage/rent, utilities, child support, car loan, insurance etc. The variable expenses are the ones you can quickly work on to get that bottom line to go up.
Pay yourself first.
Now that you have a budget and know what your bottom line is you can pay yourself first. When you get a paycheck you transfer your bottom line to savings. Then it’s out of site and you will just work with the money in your checking account.
Don’t worry though. If you need to pay some unexpected expenses then you transfer just what you need from savings to checking.
If you don’t have to touch it very often, then it might add up overtime nicely.
There are banks that will round up your withdrawals to the nearest dollar and put the change in the savings account. This can work really nice because you won’t miss the few cents here and there.
The problem I have with this is it doesn’t add up to much in the end. It is another arrow in your quiver though and when you use this with other tips you can get to your goal more quickly.
Make a grocery list.
Put a little time in a grocery list before you go shopping. Plan your meals and exactly what you will need.
This helps in more ways than one. If you already know what you will be making for the week you will be less likely to just go out to eat.
Take is a step further and look at the store flyers you get in the mail every week. Try to plan your meals on the good deals at the store. This could also help you try some new dish and keep you out of the same old rut.
Find ways to cut the food bill! When you make your monthly budget at first your food expenses will astound you.
Cancel any unused memberships.
If you have money going out every month on something you don’t use, cancel them.
I know these places make it hard to do. You might be on hold with them for an hour but, that hour could pay you every month.
I have one right now I have been putting off because I know it will be long and drawn out. I just need to buckle down and get it canceled because I’m reminded every month that $30 dollars could go into savings instead of the abyss.
Lock your credit card.
Go into you credit card settings and lock it down. This will make it a lot harder to use when you are out on the town. In fact, you won’t be able to unless you unlock it.
You will be forced to use your debit card and that will instantly remind you of your budget. I love this feature and it works as a perfect reminder of my goal.
Serious about your financial freedom?
If you are serious about financial freedom then you will have to take things a lot further that these few tips. There is a lot of help out there but, you must be willing to use it.
Make a conviction that you will reach your financial goals by any means necessary! Without breaking any laws of course.
This is my very best recommendation for attaining your financial goals. It completely changed my life.
Click this link, Tony Robbins, to see all of his products.
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