Life is known for throwing curveballs. You may be on a tight budget already but it seems that you are not saving enough money or you are still just barely making ends meet. Today, we are discussing where you can save the most money on your budget so you can relieve some stress from your life.
Shop Smarter
When shopping for required household items or groceries shop smarter. Clip coupons; sign up for newsletters for the stores you shop at and comparison shop. If possible, go with a cheaper brand. You may be loyal to some brands but you will find many of the cheaper brands can provide you with similar results – sometimes better.
Keep the Change
If you use cash a lot you probably accumulate more change than you realize. Therefore, we suggest putting all of your loose change in a jar throughout the month. Then, when the beginning of the month comes put all of that loose change into your savings account and watch how much money you can save by the end of the year.
Lose the Credit Cards
While it is not advisable to cancel credit cards when trying to build credit, once you have paid them off do not use them anymore. Many people do not budget their credit card limits into their budgets and paying them off with interest is what makes the end of the month tight for them. Credit cards can be good; however, you should not use them to purchase things that you cannot afford from your income. As long as you are creating debt, you will never be debt free.
Revisit Your Budget Each Month
When the end of the month nears and you see what you have spent vs what you have made, it will help make budgeting easier. Additionally, some months you will not have the same amount of obligations to pay so it is important to always revisit your budget to make sure it is accurate.
Closing Thoughts
Whatever your reason may be for needing to save the most money on your budget, whether it’s for a vacation or you live in an expensive city these tips will help you if implemented. Budgeting is hard but the benefits pay off in numerous ways. Once you reach your goal quicker than you budgeted, you will see that all of the hard work was worth it and you will be able to start enjoying life just a little bit more.
Sometimes it’s the brand’s name that makes the price more expensive and it doesn’t necessarily mean that the quality of the item is better. Most people think that if it’s a known brand it must be better so it’s OK that it’s more expensive. it’s just NOT right! Shop smart!
I never apply for credit card despite the fact that it can give me a credit score history. Though I know that I can use it sparingly and economically, I opt not to because it would just be a hindrance to my saving.
Agree with this whole list, but especially with reviewing your budget monthly. It is easy to create a budget can be a different story to actually stick to it. So it is crucial to be regularly checking against it to make sure you are on track or to give you time to adjust!
I find that credit cards actually help me to save money. If I have cash on hand, it will be gone before I know it!
Great post! For us, the key was getting rid of our credit cards. As long as they were in our wallet, we often found convenient reasons to use them and eventually couldn’t pay them off month to month. Once we got rid of our cards, we paid our debt off and then experienced financial evolution.
This is really great news on save money project.
I had read an article before that eating at house before doing groceries can save money. I tried it and it worked.
A lot of stores nowindays have apps so you can get even additional savings on your shopping… and holding on to those coupons too. And I’ve heard that shopping with big bills tend to prevent people from spending more money because you see it leaving your wallet….and it affects the way you will choose things.