Simple Tips on Saving Money

Saving money can be incredibly difficult, especially when there isn’t a lot of money to spare in the first place after you pay your bills, do your grocery shopping, run your errands and take care of whatever other expenses you absolutely have to take care of every month. I’ve run into the problem where I’ve needed to save money but because I was not able to put away a good amount of money (to me) away at a time, then there wasn’t really a point.

Hello, mistake! A small amount of money here, another small amount there and repeat a few times does add up to a substantial amount of money. It’s always good to keep that in mind. When you have a small amount of money that isn’t spent and doesn’t absolutely need to be spent, put that money away and the next time you have that money again, put it away. After a little while, it will add up.

The first step to saving money however, is to make saving a priority. Do not view saving money as an elective, as something you can do or not do and it won’t really matter either way. You should begin budgeting accordingly to be able to put something away every month. If you’re working towards having the money to go on a vacation or to move into a new apartment or put a deposit down on a house, you can even set up a separate savings account and add to it as you can every month.

Managing your money is something that can be very difficult. It’s very easy for money to disappear. I cannot tell you the amount of times I’ve went into my checking account only to find it a lot lower than I had expected it to be and wondering “But where did it go!?” Money management software like Mint.com lets you see all of your accounts in one place, it automatically downloads and categorizes your transactions and it allows you to set a budget and create a plan to reach your goals.

If you go out to eat a lot, stop going out so much. Splurging is the one thing that will off-set all of your goals. Don’t swear off splurging of all kinds, just give yourself one or two things that always make you happy and you don’t classify as frivolous or that you didn’t need to spend money on it.

Have you been trying to save money for what seems like an eternity? Don’t be afraid to give yourself a deadline. Set an amount of money you will save every month and make a realistic deadline for yourself to reach your goal.

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About the Author: Holly Ord

In addition to being the Founder and Editor of Woman Tribune, Holly Ord is a freelance writer, web designer and developer, feminist activist and blogger, and hopeless video game addict. She lives in Northeastern Pennsylvania and has been blogging on liberal politics and gender equality on her personal website, Menstrual Poetry since 2007.

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