What are your favorite ways to save money to make room for things you truly care about? Here are some of our top money saving tips.
Life is expensive! Here are some of our favorite ways to save money to meet financial goals.
7 Easy Ways to Save Money
#1 Make a Budget
This is so important! If you’ve never made a budget before, I recommend tracking your spending for a couple of weeks first so that you know where the money is going. Track absolutely everything! You may be surprised at how quickly small charges add up.
#2 Get Creative
I’ve made new clothes out of old clothes, gone to talks for the free food, and found endless sources of free entertainment while living under tight budgets. I’ve also gotten creative with ways to earn money – from cleaning jobs to mending jobs to childcare to academic jobs that I was actually trained for and creative jobs I have a talent and have developed skills for!
#3 Notice What You Have
It’s so easy to get caught up in what you don’t have! If you make time to notice what you do have, you’ll feel more contented and be less tempted to spend money.
#4 Buy Secondhand
When you do need to buy material goods, you can find many things in good quality at secondhand shops. I’m also a huge fan of clothing swaps and accepting hand-me-downs from friends.
#5 Figure Out Your Priorities
Make sure you are paying for things that truly matter to you. Don’t spend money on things because they matter to most people if they aren’t that important to you. You’re the one living your life.
#6 Shop Sales Wisely
Sales are so tempting! By all means, use them for things you need. But let a sale tempt you into a store you wouldn’t be visiting otherwise. You’ll likely find something to buy, but it’s doubtful it’s something you actually need.
#7 Think Long Term
Keep longterm financial goals in mind when budgeting. What do you want five years ago? Ten years ago? What do you need to do now to get there?
What are your top tips for saving money? Be sure to check out my tips for teaching kids about money, too! Share your money saving tips in the comments below, or share a post link on my Facebook page! You can also tag me on instagram.