Saving money can seem a lot harder than it needs to be, I, for one have a really hard time saving money during certain occasions. Here are my tips on how to save money simply, and without sacrificing your favorite things.
Set up automatic transfers: On the date around each paycheck, set up an automatic transfer of the amount of money you want to save from each check. It can be as little at $5 or as much as $100. It’s simple and effective.
Mentally make your savings account a no-go zone: Instead of seeing your savings as an extension of your checking, mentally make yourself think of it as a last resort in case of emergency or something you only use when you really need it. By not using it as an extension of your savings account, you will actually start making progress on your goals.
Collect you change: Who remembers their grandparents having jars of change around the house? Take a hint from grandpa and start collecting your change in one spot. After you fill up your container, take it in to a change counter and convert the coins to bills. Then take that money and deposit it in your savings account!
Invite friends over, instead of out: Make a goal of one night a weekend staying in with your friends, family or significant other instead of going out. Have everyone bring something and watch a movie, play cards against humanities or have your own dance party.You’ll save money and still have fun! Then you can take the money you saved from not going out, and put it directly into your savings account.
These little changes really aren’t that hard, and can really add up over time. A penny saved is a penny earned right?
How do you save money simply?