4 Ways to Save Money

When most people are asked about their financial goals in life, one of the top responses would be to save money. This is, however, something that many people struggle with and find themselves unable to create a financial nest egg due to their financial habits.

Saving money requires letting go of certain behaviors and actively adjusting your financial habits to make sure that money is kept aside periodically. However, it does not need to be a stressful or difficult process. If you want to save more money, take note of the following tips: 

Save before you spend

This is one of the most important steps to take when saving because this is where most people make mistakes. There is the temptation to set a savings goal and then deduct the money after all expenses are taken care of. The problem with this is that life is unpredictable and often times, this goal isn’t met.

Instead, speak to your bank representative and have your target savings amount automatically deducted from your income once it is paid in. Have the money sent to a designated savings account. With time, you will adjust your spending habits and you won’t even pay attention to the money being deducted. The beauty of this step is that it doesn’t leave your savings at the mercy of your own self-control and automates the process for you. 

Buy second-hand 

Many people insist on buying everything brand new stuff and while there is some merit to that, it would be a good idea to purchase second-hand goods to save money. For example, you can get clothes at a fraction of the cost by shopping at charity stores and thrift stores.

This also goes for larger purchases like cars. If you are looking to buy a car, consider looking at used cars from a dealer like Sandown Group.

If you are decorating your home, buy from budget and thrift stores to get the best deal possible.

Look for discounts 

For every item you buy full price, it is possible to get a discount. If you wish to cut down on your spending and save more money, you will need to actively look out for discounts and deals. Sign up for coupon sites and actively search deal sites to get things like restaurant and concert tickets for less.

If you wish to book something like a plane ticket, book as early as possible to enjoy early bird discounts. 

Know your figures 

One of the mistakes that many people make when handling their finances is that they go by assumption. Set up a spreadsheet and write down how much you earn, how much is designated for each type of expense and how much you wish to save. It is not enough to merely state that you want to ‘save more’ but you need to have a monetary value for your savings goals. 


Saving can bring a world of benefit to your life. However, a conscious effort must be taken to ensure success. Follow the above steps to save more money.