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Maintaining your personal finances can be tricky. From organizing monthly bills to preparing for unexpected costs, it can be difficult to get started. Saving money is an important first step in starting on your financial journey. If you want to begin saving now but aren’t sure how to get started, there a few easy and simple ways start saving small.

 

Wait 30 Days

It’s easy to fall victim to impulse buys. We see something we like, have just enough money to make the purchase, then wonder where all the money has gone about a month later. If you are debating on a purchase, do not rely on impulse. The term “treat yourself” may have become a viral trend, but it’s not fiscally responsible. Try waiting about 30 days before making a purchase to think about if you can really afford it or if it’s something you actually want. This will help save money to store away in your savings.

 

Meal Prep

Most of us have food slowly wasting away in our fridge–food we forgot we’d purchased. Not only is this a waste of food, but it’s also a waste of money. Instead of aimlessly walking down the aisles of the grocery store wondering what to make, make a grocery list and start prepping your meals for the week. By meal prepping, you’re able to buy ingredients you need for the week and won’t waste on foods you won’t eat. This will help cut back costs on overspending on groceries and wasting money on eating out.

 

Shut Off the Lights

One of the bills that can eat through the most cash is electricity. It may not be the highest bill on your list, but it’s one that is most wasteful. You are able to cut back on your electricity tremendously just by shutting off the lights. This doesn’t mean living in the dark all the time, but simply remembering to turning off lights in rooms you aren’t using. Many people can get forgetful in terms of shutting off lights or other devices that build up the electricity bill. By remembering to shut off the lights and conserve energy, you can cut the electricity bill in half and save some money.

 

Have a Plan

It’s important to have a plan of action to help maximize your savings. Have an idea of how much you want to save, what you’re saving for, and start setting goals for yourself. A savings plan keeps you motivated and keeps you on track for your financial goals. It can help show where necessary cutbacks need to be made and what you’re already doing right. Starting a savings fund or account can be easily done by taking the necessary first step of having a plan. Saving money can be intimidating at first, but starting small can make it a little bit easier.