It’s no secret that saving money is a good idea, no matter what your financial situation is. Having a small stockpile of savings can help with unexpected expenses or even that big purchase or vacation you’ve been looking forward to.
On the other hand, it’s easy to lose sleep and worry about whatever might happen in the future if you know your savings account isn’t prepared for a setback. If finances have you tossing and turning at night, try these small steps to start setting aside a little money each month.
6 Tips to Save (a little) Money Each Month
1. Make it automatic.
Set up your paycheck to deposit the same amount into your savings account each month.
2. Use a budget tracking app.
Seeing where each dollar is going can help you easily identify an easy place to save.
3. Stop a bad habit.
That afternoon candy bar or morning coffee isn’t just a strain on your diet, it’s a strain on your wallet too.
4. Read your statements.
Unsure what that $8 / month fee is, but have been ignoring it? Explore unknown fees on your banking and utility statements to see if any can be eliminated.
5. Cancel unused subscriptions.
Maybe the gym didn’t work out, or you intend to read that quarterly journal but never have the time. Stop paying for things you don’t use.
6. Find a buddy.
Maybe it’s your spouse or partner, or maybe a friend in a similar stage of life. Having someone else on your team will make it easier to be accountable.
About The Author
The Savvy Savers The Savvy Savers is the new team of top-notch budget-aficionados behind The Daily Doze. Experts in how you can stretch your dollar the furthest, these savings-gurus search far and wide to identify the best steals and deals to help you get what you want at unbeatable prices. Upgrading your home can be daunting – whether that’s crafting a DIY headboard, or buying all new bedroom furniture. But don’t let it intimidate you. The Savvy Savers are here to break down where your budget should go, and how you can stretch it further, no matter what the project. From simple DIY projects to where to find the best holiday savings, The Savvy Savers will help you get the most value out of every project.