10 Pragmatic Ways to Be Better at Saving Money ...


10 Pragmatic Ways to Be Better at Saving Money ...
10 Pragmatic Ways to Be Better at Saving Money ...

To be better at saving money is probably something many of us just give passing thought to and so often it is as thoughts it remains. What’s that proverb? The road to Hell is paved with good intentions! Yes we all have the intention to save money and never quite manage it. If we don’t save money it won’t lead us to Hell but it will keep us comfortable in our declining years or pay for something special or see out kids through college. You’ll see tons of advice and ways to save money but you know something, the simplest advice is often the best advice. With that in mind here are 10 Pragmatic Ways to be Better at Saving Money:

Thanks for sharing your thoughts!

Please subscribe for your personalized newsletter:


Don’t Delay

It’s a flawed theory to think you need to make more money before you can begin to save. Small steps can yield big results. Plus, it’s a given that the more money you make, the more you spend. Don’t wait to save money, put away as much as you can afford, starting now.


Start Small

It really doesn’t matter how much you save; it all adds up over time. Even if you can only afford $10 a month it is worth it.


Have Some Goals

Ways to save money become a lot easier if you have something specific as a goal. If you don’t have the natural propensity to save money for a nest egg or because you are naturally financially cautious, having a target gives you focus.


Keep Spare Change

It’s surprising how much it soon adds up to if you toss your spare change into a jar. At the end of every day empty your wallet of all those coins and watch your pile grow. Not only do you save money but your purse is lighter too.


Save Pseudo-payments

When you finish paying off a loan or another large bill rather than revel in having the extra money, save it. You’ve been doing without it while you’ve been making the payments so technically you can manage without it going forward. On the same day you’ve been making the payments, send the same amount to a savings account. If you don’t want to save it all, at least save some.


Save the Savings

Every time you make a saving, bank it. If you brown bag your lunch one day instead of buying it, put the equivalent saving in your change jar. If you have budgeted $50 for something that you buy for $45, don’t spend the 5 bucks on a glossy mag or an extra large latte from Starbucks, save it. This is a savvy way to save money.


Give It the Boss

If you have a workplace saving opportunity – take it. This is one of the easiest ways to save money as you don’t have to do anything. The money is simply deducted from your pay packet.


Be Organised

If you have a lot of goals to save money for – vacation, car, education – be careful how you structure your savings account(s). It’s ok to have amounts in individual accounts but if you reach certain amounts it might be best to amalgamate to gain access to accounts that bear higher interest rates.


It’s Never Too Early to Think about Retirement

The last thing young people think about when they get their first job is retirement. Think about it though, if you start a pension investment when you are in your early twenties, just how much is it going to be worth when you retire. The plus side of this way of saving money is that, it is highly likely you will have built up enough pension to retire at a much earlier age. If your employer has a 401(k) plan – it’s a no-brainer! Join it. You also save money on taxes!


Keep Reading AWS

Money is an important subject at AWS. We hope you will continue reading and that the ways to save money we share with you, are practical and useful.

Top Image Source: pinterest.com

Related Topics

secret tax deductions 7 Tax Smart Ways to Pay College Fees ... 7 Ways to Get More for Your Money ... 7 Simple Ways to Increase Your Credit Score ... 7 Smart Ways to Spend Less ... 7 Smart Ways to save Money on Beauty and Still Look Gorgeous ... 8 Common Pitfalls to Avoid when Buying a Home ... best way to manage money as a couple 7 Techniques to Reduce Your Daily Spendings ... cut the check restaurant

Popular Now