- The first idea is to save your change, all of it, even the pennies. Find a jar and throw extra change in there and every time you fill it up take it to the store and you can turn it into cash right at a Coinstar. Coins are not useless money like some people tend to believe, it adds up quickly!
- Always keep track of your spending. I know this is difficult, but try to at least once a month go back throw your checking, saving, and credit card accounts to see what you had purchased the past month. Some of these expenses will be reoccurring but some may not and it will help you better budget for the months ahead.
- Never buy expensive items on an impulse. If you see that really expensive purse in the store that you absolutely fall in love with do not buy it right there and then. Go home think about it for a few days and decide if you truly need to have.
- Try and come up with a weekly or a monthly budget and take that money out of the bank. Once the money is gone, your spending is done. It is a lot easier to stay on a budget using cash, rather than using a charge card because charge cards almost seem never ending, but they do end.
- Think about how many hours you work in order to afford a certain product.
- Also, try cooking at home more than going out. I understand going out to eat is fun, it is one of my favorite night events. But trying do it only one or two nights a week. You can save money eating at home, and probably save a lot of food in your fridge that may have gone to waste otherwise.
- Lastly, take advantage of free or really cheap entertainment. A person can have just as much fun going to a nature park instead of an amusement park without paying the expensive price ticket of an amusement park. There are a lot of things that free or really cheap in almost every town, so if you are bored try and entertain yourself that way.
I am not saying splurging every once in a while is a bad idea, everyone does deserve to splurge now and then. But it is important to remember to save money and only use it when you believe it is truly necessary. That way you will be able to save up for that item you have been wanting for years, and if you practice some of the above techniques it really won't take you too long.
If you have any other budget saving tips, I would love to hear them. Share with me in the comments and I will get back to you!