Sometimes the hardest thing to save money is to start doing it. This guide on how to save money can help you step by step to develop a simple and realistic plan to save for your goals, big or small. If you’ve been thinking for some time that you want to have a savings reserve but never get it, in the following lines, you can find a list of tricks to save money and tips so you can make it happen.
- Careful with where you keep the money
You may have been in your bank for many years and are comfortable staying there, but many banks charge costly and sometimes abusive fees and interest. Investigate and analyze other banks to see if there are better options to save money.
- Aim to save money
The first step in saving money is to propose. It is true that many times we can recommend things to each other and then in the middle of the road we can throw in the towel. But for one thing, you start: you have to set goals.
- Save a fixed amount each month (even a small amount)
Once you decide that you want to save money, it is necessary to pass from thought to action, that is to say, that you start to save. You may save if you save some money every month, even if it’s not enough, and if you schedule your expenses in advance on a regular weekly basis.
- Don’t use the card
The card can be a useful tool when buying, but it can also make us have an unrealistic perception of the money we have and spend. You better get out of the house with the right cash than spend too much on the card.
- Think about what you spend
Don’t buy for buying, but you have to buy useful things. It’s okay to buy your shoes, but use them and don’t buy them on a whim. You can spend a lot of money on unnecessary things. By the way, to be able to avoid going shopping hungry.
- Waiting to make the decision
An excellent strategy to avoid buying unnecessary things is to wait to make a decision, that is, to think with a cool head. Analyze the pros and cons of your purchase, don’t get carried away by the aesthetic packaging of the products (TV ads, marketing campaigns, street, etc.)
- Put the money in an envelope
It’s always good that you figure out more or less what to spend per month. While I have already mentioned that it is better not to use the card, it is also good to have the money you think you will spend in a month in an envelope.
Don’t spend on spending, but you better compare offers. For example, if you are going on a trip, many websites compare prices for you.
- Use the customer card
Many establishments offer small discounts and gifts for their customers. It’s always good to have these kinds of cards, especially if you go to that place often. But watch out, this card might lead you to buy more than you need.
- Think of old age
It may be hard for you to save if you think in the short term, but it will be easier if you believe in the long term, to reach that age without financial problems. Old age is a stage in life where we no longer work, and anything we can save throughout our lives will be of great use to us.