27/10/2022
7 REALISTIC TIPS ON HOW TO SAVE MORE MONEY EACH MONTH (EVEN IF YOU DON’T MAKE A LOT)
1. Make a budget. This is the first and easiest thing you can do to start your savings journey.
2. Pay yourself first. Think of this one as a mind trick you can play on yourself. In the budget mentioned above, create a line item specifically for savings.
3. Choose your bank wisely. When choosing a bank for your savings account, it’s essential to look at the Annual Percentage Rate (APR).
4. Create an emergency fund. Life can be unpredictable, and that’s precisely why it’s critical to have an emergency fund.
5. Set financial goals. Want to take a trip or move into a new apartment? These are perfect short-term goals that can help motivate you to save money every month.
6. Resist online shopping temptations. So many stores make it so easy to buy things online these days.
7. Live within your means. If you only make one lifestyle change on your quest to save more money, this is the one Bennett says is most important.
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