You have been struggling for a long time to buy a new car but are unable to save money. You try to do it but are always wondering where did your money go? Keep one thing in mind. It is impossible to save even a single penny unless you follow a money saving plan.
There might be many good ways to save money, but they will be of no use if you don’t make a plan and follow it firmly. Here are a few tips that will definitely help you save more money:
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1. Categorize Your Expenses
Check your monthly expenses and categorize them. Each month you spend money on food and household items. Commuting costs you and you have to pay the bills too. Make categories like grocery, fuel, bills etc. This will make the task of budgeting clear and simple.
2. Analyze Each Category
Now you have to see that how much money from your salary will go to each category. A hefty amount will go into paying all the bills, whereas grocery will only take a reasonable amount of your salary.
3. Set a Budget for Each Category
Budget each category according to its requirement. To set a grocery budget make a weekly grocery list. Similarly make a list in other categories too like bills category will include electricity, water, and credit card bills.
4. Don’t Go for Bulk Buying
Always buy things of need and in adequate quantities. If you think one bottle of detergent is enough to last a month then don’t go for two.
5. Always Look for Discounts
Stores offer you sales during most parts of the year. You love a pair of shoes worth $50 and you know that next week it will be on a 30% sale. Explain yourself that one week is a very short time and with that extra $15 you can buy yourself a cute new shirt to go with those shoes.
6. Track of Your Expenses
If you can never keep a check on your expenses and are always forgetting where you spent all the money, then the best way is to note down whenever you spend something. This will help you even more in knowing your expenses and following your budget.
7. Keep Some Amount Aside and Forget About It
Take some amount from your budget and keep it aside. You can take small amounts daily, or a bigger one at the start of the month. Put it somewhere safe and forget about it (of course not literally). This money stands a very low chance of being used.
8. Thrive to Save Money
You should be motivated. Whenever you feel like buying something which is of no use, think of your long working hours and then decide is it worth it? You have been saving money for a better reason and never let yourself forget that reason.
There is no denying the fact that you have to push yourself really hard and compromise on a lot of things. But when you’ll see your new shining car parked in the garage, you’ll definitely think it was worth it./start-saving-money-creating-budget//wp-content/uploads/2016/07/woman-hand-desk.jpg/wp-content/uploads/2016/07/woman-hand-desk-200x133.jpgBudgeting