10 Simple Ways To Save Money Starting Today

Stop Being Broke:

Many of us could use a little more discipline regarding our finances. We buy on credit too frivolously or like to make impulse purchases and ignore our savings goals or debt repayment.  

But it's never too late to make a start. There are many simple ways to save money in the short and long term. 

Pay Off Debt

Working on a plan to get out of debt can save you thousands of dollars in interest long-term and take the stress of money worries off your plate. 

Buy With Cash

One solid trick is to use budget envelopes, separating your money into separate cash envelopes. One for utilities, another for grocery shopping, an envelope for transport costs, and so on. That way, you can't overspend.  

Make a Budget

If you're struggling to save, you need to be able to see where your money goes each month. Otherwise, financial commitments, subscriptions, and debts can quickly spiral to the point that they're unmanageable.  

Make Savings a Line in Your Budget

Even if you can only save a base of 3% of your income each month, ensure it's a line item in your budget. 

Save First, Spend Later

Look at your budget and see how much you can put toward your purchase each month. Then you're not wasting money on credit card interest, and you have the item or vacation you wanted.  

Meal Plan To Avoid Waste

Meal planning and sticking to that plan even when you don't want to helps combat food waste and puts an extra $1,600 in your savings account every year.  

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