Save money consistently with these 3 easy steps.

January 24, 2017

*this post contains affiliate links*


How many times have you told yourself that you are going to start saving money? but until now you don't have any savings. You possibly started and saved but end up spending it. 
That is just one example why people are unsuccessful in saving money. People want to be free financially, that goal needs discipline and self-control.  


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Here are the three things you must do immediately to start saving consistently


    1.  Save before spend
    Setting up an automatic savings facility is the best way to save money consistently month after month. Most banks offer automatic deductions from your salary to your savings account. That way you save first before you can see and spend your money. An effective way to save up. Save, pay bills and spend.Most of us save after spending, save after paying bills. A poor practice in handling finances and end up no saving at all.
    2. Create a realistic budget. Create a budget that you can follow. We sometimes fail because we design impossible goals. Saving first before spending is what we are going to follow. 


  • Live from what’s left after saving. Write down your income, savings, and expenses. Deduct savings from your income and live with what is left.  It is easier said than done, I know. Put in mind that nothing comes easy especially in managing your finances. If managing money is easy no one is struggling for sure, but that is not the case. The reality is, it is so hard to manage finances without a rule to follow, without a system that makes you control your money.
  • Do not touch your savings.  Saving money can be done easily.  The real problem comes in when you have an insufficient amount for your expenses, bills, mortgage/rent, groceries and a lot more. Do not be tempted to touch your savings. Our goal is to save consistently every payday, remind yourself of that always. Borrowing money from a savings account is the real reason why most people have no savings at all. 

  • Create a menu plan. Food is where we tend to spend more. Preparing our own food to work and home is less expensive than taking out. Creating a menu planner promotes nutrition for your family, saving you for medicines and medical expenses in the future. You will be surprised by the amount of money you will be saved when you cook your own meals.

            3.  Earn extra. Discover your talent and make money out of that. You can bake, paint, tutor, write or work part time online. Render over time at work if needed. Other's sell valuable stuff that no longer in use. Shirts, pants, shoes, bags, home appliances, and kids stuff. The garage sale is a great way to sell valuables. Instead of asking a loan from family, think of a service you can offer them. Sell them your baked cupcakes, offer to tutor their kids or babysits for a few hours. The principle of earning extra is to avoid getting indebted when you are short of money for your expenses. 

Five things to help you get started saving that hard earned money

Three money saving tips and ideas books
Password electronic cash coin saving can
Happy planner budget edition
2017-2018 Budget Calendar, bill organizer and monthly budget planner
Monthly bill organizer



 *The Organized Home Binder* [Complete Set]

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Shape up your finances by following the invaluable advice in this two-book set from money guru Suze Orman.










Teach your kids about how to save with this book

              This is an easy to-read tale about saving, earning, and spending money for your kids.
                       
                             Money, Money, Honey Bunny (Hardcover) (Marilyn Sadler) by Target
 




             






Financial learning ledger for kids


Get this tool to help your kids develop accountability and good money habits. 
This is a kid-friendly financial log to help your kids allocate their earnings and see how their savings adds up. 

                                   Financial Learning Ledger for Kids by UncommonGoods
















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28 comments

  1. Save before you spend is key! I refuse to put anything major on credit card unless I have the actual money to pay it off.

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  2. Thank you for sharing. I am a budgeting fool since I started on the road of getting my Bachelors in accounting. I keep receipts to everything and I like to see where are spending is going wrong...lol. It is amazing what budgeting can do for you financially!!

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  3. Great article! Hubby and I are firm believers in saving, saving and more saving! I completely agree, realistic budgets are key and including your savings in your budget!

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  4. Thanks for the ideas! I *think* I'm on track with each of these measure. Except maybe save first...I need to work on that.

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  5. I've been withdrawing cash so I only spend what I have when I leave the house. I agree on meal planning! More cost friendly and less wasteful.

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  6. My husband plan the budget of our family and he does keep everything under control. Your tips are handy and would love to use them now. Thanks

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  7. Great suggestions and tips. I agree with not touching your savings account or borrowing from it.

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  8. I'm the worst at saving. My Qapital app has been a lifesaver lately since I can't see the savings!

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  9. Great advice! Easier said than done lol

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  10. I am definitely working on the meal planning right now. We tend to eat out a lot, which ends up costing so much!

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  11. I am definitely working on the meal planning right now. We tend to eat out a lot, which ends up costing so much!

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  12. I find that side hustles really bring the money in if you're doing something you love and that works with your schedule!

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  13. This has been my life. I've been really trying to earn extra since the others on the list haven't really been coming true for us.

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  14. This is a list that seems simple enough lol I need to stick to leaving my savings alone, I just take when things happen, but I need to set up more of a nest egg.

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  15. I'm always looking for ways to save money Thank you!

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  16. Saving money is an important lesson to learn. Thanks for posting these additional ways of savings.

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  17. thanks for these tips and ideas!! I totally agree with saving money before you spend, it makes all the difference!

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  18. Awesome! I just opened a saving account and making weekly deposits. Thinking of dabbling in getting extra income.

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  19. I think I budget my money pretty well. I do not however budget my money nce it is in my wallet. Cash disappears so quickly!

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  20. I needed these tips I'm so bad at saving money!! lol

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  21. I'm glad I came across this! Very helpful!!

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  22. Food takes most of our budget. I try to cook dinner three times a week and I almost always have leftovers, which helps for the next day. My two kids that still live at home work and fend for themselves for breakfast and lunch which does help take a load off as well. These other tips are very helpful as well ��

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  23. The tips you have given here are great and it is going a long way to help young people who wants to give a responsible account of their expenses and invest in their future projects . Thanks for sharing

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  24. If I don't meal plan a little, I buy the whole store!

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  25. I've heard of saving before spending, but I haven't actually done it yet. I think that's what would make the most difference for my household. That's a good starting point.

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  26. My main goal this year is to start saving more. It just seems like "life" always happens and derails my plans lol

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  27. I think more and more people are getting to realize that the thing they really need to do is make more. Hustle is huge right now. People always need people.

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  28. #1 is probably the most important tip and sadly where most Americans fail. Paying yourself is investing in yourself and preparing for your future. 2 vital pieces for a successful life!

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