Are you the type of person who always says you’re really ready to start saving—tomorrow? If you are constantly battling with yourself over that sale item you absolutely must have in your closet, then maybe it’s time to take saving money more seriously. Unexpected expenses will always pop up, which means that there might never be anything left for your savings account.
Here are a few simple ways to get you serious about saving:
1. Save your change.
A few coins lying around the house may not seem like much—but add them up and you could put together a substantial amount. Make it a point to empty out all change from your pockets and wallet each night, and then put the change into a jar or piggy bank. Deposit the change in your savings account each time you’ve filled your jar or piggy bank. You can also do the same with $1 bills!
2. Switch to auto-draft.
Take advantage of your bank’s auto-draft options. Regularly schedule transfers from your payroll account to your savings account. Doing so will make saving so much simpler, because you’ll never have to hold the money in your hands.
3. Don’t think about your raise.
Have you received a raise at work? As difficult as it may seem, try to keep within your current lifestyle and budget. Set up your auto-draft to include the amount of your raise, and you’ll be saving a whole lot more money without having to feel the sacrifice.
4. Keep your money out of reach.
Money is easy to spend when it’s easily accessible. Keep your savings in another bank, or create an account without an ATM card. If you have to make double the effort to withdraw money, you’re less likely to spend it.
Being serious about saving money entails making the most of each dollar and cutting back on unnecessary expenses. These four tips aren’t easy—but follow them and you’ll definitely see the difference.
Photo Credit: iClipart
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