HOW TO SAVE MONEY

Learning to save money especially finding ways to do it quickly, is something that can benefit anyone.

There are many good reasons to start saving money.maybe you suddenly got slammed with an unexpected bill,or maybe your friends just invited you on that trip of a lifetime.or parhaps,you want to buy a house and you have to save for the down payment you could even just trying to grow your emergency fund so that you are better prepared for any unxpected expenses whatever your reason may be,there are a lot of ways to save money!

1 TRACK YOUR SPENDING AND CREATE A BUDGET

Tracking your spending is the very best way to identify areas where you can save money.

All you need to do is track your spending for one month,and this will give you a good idea of where your money is going.Once you've identified where you're spending your money,and you see areas where you can reduce spending,you can set a reasonable budget and then stick to it.This is a simple thing to do,and it's a very effective way of controlling you spending.

2 PAY OFF YOUR DEBT

If you're carrying a credit card debt,you are wasting money.As difficult as it may be, your top priority should be to pay off your debt and free yourself from those high interest rates.

Hopefully,some of the other tips on this list will help you retain more of your cash that you can then use towards conquering your debt.

3 AUTOMATE SAVING TRANSFERS EACH PAYDAY

If you can't seem to create a habit of saving scheduling automatic transfers to your savings account can be of huge help.When you have a certain amount of your paycheck automatically transferred to your savings each payday, there's less temptation to spend it and you can easily watch your account balance grow over time.

Review your budget and choose the amount that you can commit to regularly,then put your savings on autopilot.

4 NEGOTIATE YOUR BILLS

While some of your bills such as rent or mortgage payment may be non-negotiable,you may have some wiggle room with other.For example you may be able to find a better deal on your car insurance or your cellphone service.Doing some research to find better rates can take a little bit of time but it can be time well spent if it helps you save money

5 SET UP AUTOMATIC PAYMENT FOR BILLS

with our busy lives and busy schedules,it's not uncommon to forget to pay some bills on time.An easy way to save money is to simply pay your bill when they're due.

Companies typically charge a late fee for any balances that are overdue.And while it may just be a few bucks here and there these fees quickly add up especially if you pay multiple bills late.So set up automatic payments for bills to ensure that they're paid on time,and to avoid any late fees.

It's also important to keep an eye on your bank account a avoid overdraft and accumulating additional fees.

6 GO CASH ONLY

Put your credit card away and then take out a limited amount of money from your checking account enough to last you for a few weeks.Basically,you withdraw a limited amount of money and then watch it shrink.

Since we're more motivated by loss than by gain,each dollar you physically spend will force you to spend consciously.

7 CONSIDER RELOCATING

Parhaps you live in downtown core and your mortgage or rent cost you 2-3 times more than it would if you move just 15-20 outside of the area.

Relocating to an area with a lower cost of living or downsizing your home could potentially put hundreds to thousands of dollars in your pocket each month, obviously there can be some raodblocks that may prevent you from moving but if relocating is an option it may be well worth considering.

8 STOP PAYING FOR CONVENIENCE

It's the American way to pay for convenience, people are willing to pay 5 dollar for a taco the can make at home for 1 dollar,they pay 6 dollar for a cup of coffee at a local cafe rather than brew an entire pot of coffee at home for a few pennies.

Taking a little extra time out of your day to make your own food,brew your own coffee or clean and repair things around the house can grow your bank account rather quickly

9 MAKE A GROCERY LIST

Making a grocery list before you head out will quickly save you tons of money.This will ensure that you end up buying only what you need and that you don't fall victim to any impulse purchase.

Write down everything you need for the week,the less time you go shopping the less likely you'll pick up something you really don't need, plan to shop for an hour or less and try to race the clock when you shop.

This way you won't spend time wandering around picking up things that looks appealing.Also plan to go shopping shortly after you've eaten.Everything will look less appealing if you're shopping on a full stomach.

10 DOWNGRADE YOUR CABLE, PHONE AND INTERNET

For most families these three services equal big bucks every month.Monitor your use over a month or two and decide what you actually need and what you could out.

Do you really watch any premium channels?is your landline phone doing anything other than collecting dust? how fast do you need the internet to be if you're only checking Facebook and email? Sir truly pays to shop around and find a cheaper services.

11 CANCEL PAID SUBSCRIPTION, MEMBERSHIP AND SERVICES.

Are you subscribe to a magazine that you never read?are you paying for a product delivery service that you hardly ever use? If you have a gym membership, when was the last time you actually made an appearance?

Paid services, subscribtions and memberships can really add up.Make a list of all the ones you have and ask yourself if you really need them,if the answer is NO it's probably time to cancel