𝟠 𝕨𝕒𝕪𝕤 𝕥𝕠 𝕤𝕒𝕧𝕖 𝕞𝕠𝕣𝕖 𝕞𝕠𝕟𝕖𝕪

“Saving money is important. Every time you set money aside you get a bit closer to achieving financial freedom.”

1. Budget

Calculate how much you make (earn) and deduct how much you need (spend). Track your expenses, Save for your goals by Developping and implementing savings plans that will help you achieve them.

If you need a personalized budget there are many trust worthy Budget spreadsheets available online. Here are 3 of my favorites: BUDGET

2. Auto-Pay Debts

Yes, you CAN get out of debt. And IT WILL TAKE TIME if you have more debt than savings. START by Setting up an automatic repayment service for you main credit cards, debts and utility bills. you need to confront your debt FACEON. Nobody likes debt, it could be terrifying, and especially when it just accumulates. Sorry to break it to you, but you need to feel the pain. NO PAIN NO HEALING. So, think about it this way, once you rip off that bandaid completely, you don’t have to worry about ripping it again.

As a financial advisor, the number one advice I gave EVERYBODY from teens to adults to professionals and business owners is: CHECK YOUR ACCOUN OFTEN. That keeps you accountable and responsible for theimprovement of your credit/debt. This is one big theme i’ll be covering in future posts! STAY TUNED, I’ll be happy to share with you all the secrets!!

3. Auto-Save

Did you know that we tend to forget the money we don’t see? it’s a beautiful quality. If you set up and automatic savings plan,you can arrange on your own or with your bank for a specified portion of their paycheck to be automatically deposited into a savings account/or invedtment on a periodic basis. This kind of way of saving is super easy and allows you to steadily build up savings without having to manually deposit funds everytime. This can boost you to prioritize your savings contributions, reducing the temptation to spend those funds without planning ahead!!!!

4. Stop Vices

Vices are BAD HABITS. Not hobbies or healthy habits. This point is harder said than done. It has to be said. SORRY but this is the ultimate way to save money. If you eat out often, stop. If you smoke, quite. Do you speed? please slow down. If you drink daily, reduce it. If you shop excessively, start shopping reasonably. If you gamble, please don’t, the system is falsified. The list goes on…. Please Seek professional help. You can find healthy things to occupy your time with.

Along with monetary costs, most of these bad habits also have a negative impact on your health — in some cases, causing permanent physical harm and even death.

You can save at least $14,000.00 up to $350,000.00 with just this point alone IF NOT MORE!!!

5. Make your coffee

This is a SIMPLE thing, but it doesn’t take much effort!!!

So if you buy coffee 3 times a week,

that’s $2/cup x3x 52 weeks = $312 a year + invested in a compound interest of 4% After 30 years= $13,893.97

Home-brewed coffee generally costs anywhere from $0.16 – $0.25 per cup. The average cost of coffee from a shop in the U.S. is $2.70.

You just saved $2.45 per coffee cup.

so do the math… And make your own coffee.

6. Meal Prep

Buy Produce in Season: In other words: See what’s on sale.

PLAN AHEAD!!! Make a grocery list and stick to it. I mean if you don’t stick to it, what’s the point?

Either make a list of you weekly meals (trust me this sound boring but if you wait for the mood to hit, you’ll end up buying out or spending more)

or actually meal prep by buying out the time on Sunday and cooking 4-5 meals. Yes it takes time, Yes it takes effort, but I thought you wanted to save money? Isn’t that why you’re reading this in the first place?

Please avoid shopping when you’re hungry.

Waste nothing…. seriously people are dying of famine and you’re trying to SAVE MONEY. I promise you’re saving the world here! Freeze it and use it later. Invest in a large freezer, it’s a life saver.

Eat leftovers for lunch, this is the easiest way to save, you force yourself to make/cook things YOU love to eat for 2 days. If you are not going to eat the next day, maybe it’s not worth making. Do you know how much you’re spending on eating out? plus it’s mostly junk!! If it’s not junk it’s too expensive. Calculate it. You’ll thank yourself after just 3 months!!

Get a a slow cooker is one of the best investments for your kitchen. There are countless slow cooker recipes that require you to mix in a bunch of ingredients and set the slow cooker on low before you go to work

7. Stop Impulse-Buys

Emotions fiddle an enormous part in what we buy/Spend. Our personal finances are just that—personal. Logically, when something’s happening with us personally, it appears in our money habits too.

There are more Bad impulse purchases than there are good one. AND STUDIES PROOVE that they are fairly expensive. These purchases may give you happiness at first but have no long-term value. They’re often completely unnecessary.

What is causing the impulse? Probably the mood, the environment and the occasion. Whatever is it, if it’s not planned or in your budget: DON’T DO IT!!!!

8. Move more

MOVE YOUR BODY Ok this one you might love or you might roll your eyes, but it is the TRUTH:

Aerobic/Cardio exercise like bike commuting or brisk walking are great for heart health and help you maintain a healthy weight. Money Saving benefits: You’ll save on gas, parking, car insurance and maintenance, and you save time (wasted sitting) as your active commute will also be your workout.

And plus if you’re busy MOVING: you’ll be too busy to spend.