The journey to saving money requires discipline and restriction. The start is being able to separate your wants, from your needs and everything will make sense after. Setting your financial goals and tracking your progress equal the best results to keep you on the right path of saving. Here are 5 money-saving tips your wallet will thank you for.
Meal prep: Grocery shopping instead of going out for food saves time and money. When you meal prep for lunch and dinner, the chances of spending are non-existing. Planning out your meals and preparing them the day before or week before saves you worry and stress of thinking of meals and how you are going to pay for food.
Take a staycation: I know going out is the highlight of being young, with no responsibility, but that’ll have to stop unless you are the kind of person who uses their popularity and looks to get drinks. But in other cases, a staycation is needed. Being able to sit home, and miss out on the fun to accomplish to your goal is great restraint. Not only do you save money, but you’ll learn yourself better while enjoying alone time.
Eat tips: Eating before you go out saves you money by reducing the urges to buy food because you’ll be full already.
Unplug: When you aren’t using appliances, unplug them to lower the electric bill.
10% rule: We all have a love-hate with the checking and savings account. But the best way to save is creating restrictions between the two, by having “rainy day” funds in the checking and never touching the savings. When you get paid to take 10% of it into your saving to spend, and the rest into your savings account.
