Saving money. It’s something we all know is good to do, but if you’re a spender like me, it takes serious work. I spent most of my adult life with no savings account. You heard that right. I’m insane. It wasn’t until after college that I learned the importance of saving. Honestly, even after I had savings I usually paid for emergencies on my credit card. It wasn’t until last year when I cleaned up my act that I really understood the value of saving money and preparing for the future. The first thing I did when I started to save money, and then subsequently begin my debt payoff journey, was making a few small changes to my everyday life to be able to put more money towards my savings. Here are 5 things to do to save money.
Track Your Spending
This is so important. Every purchase I make I write down on my cash envelopes. At the end of every month, I go over exactly how much I’ve spent and where I may have slipped up that month. Really being able to understand this made the biggest difference for me in my budgeting journey. I was making tons of small purchases and never knowing why I was broke at the end of the month. If you want more info on how I use cash envelopes check out this blog post!
Stop With The Online Orders
I’ll be the first to admit I had an Amazon problem for a while. It’s just so convenient. I order something one day, and it shows up the next. But I overdid it. I would spend way too much and started having to dip into my savings every month. Little purchases seem so innocent but they add up so fast. So what I did to combat this was I stopped saving my card numbers to websites. Any time I want to buy something I have to manually enter my card. This takes just enough effort for me to question whether or not I really need that $10 airplane seat footrest (for the record this is still saved for later… because how cool is this thing!?).
Save For Big Purchases All Year Long
At the beginning of the year, I added up totals for how much I spend on birthdays, holidays (Christmas, Mother’s & Father’s Day, etc), vacations, and hair appointments and created envelopes for each of them. Whatever the total amount for the year was I divided that by twelve and each month I put the amounts into those envelopes. This makes it so when these big events come up I already have the money for them ready to go, and I don’t have to use my monthly spending money for them.
I’m a serial planner. I plan for things that never even actually happen. I have four to do lists going at any moment and two planners I switch back and forth between. I swear my love language is organization. So this comes naturally to me, and when it comes to budgeting, planning ahead is my biggest asset. I usually have an idea of my social calendar for the month ahead and I can estimate how much money I need for everything. Because I know how much I need for the planned events, this makes it easy for me to gauge how much of my money I can plan for other things and to put into savings.
Save Your Pennies
I’ve been a change hoarder since I was little. My grandpa gave me this huge beer bottle that’s like two feet tall to save my change in at his house when I was 10, and I’ve been using it to save my pennies ever since! Once it’s about half full, I usually roll the coins and take it in. Since I use mainly cash for my spending I always have tons of change. This is a great way to save money without having to even think about it.
Those are the 5 things I do to save money! What are some of your everyday habits to save money?