Saving money doesn't come easily to everyone. Though there are times when we need to buy necessary items, and in these moments some savings would be really nice to have. So, what is the best and easiest way to save money? Here are three simple tips to bear in mind that will help you save the necessary amount you need quickly:
1. Saving in stages
This saving method will take you a year to complete. The point is to save a bigger amount each week than you saved the week before. For instance, in the first week, you will start with $5, the week after, it will increase to $10 then $15. At the last week of the year, you will put in $260. As a result, at the end of the year, you will have a total saving of $6,890. This method works if you put aside money regularly, without spending any of it. If it is hard, try to decrease the amount and put aside money every month instead of every week.
2. Buy and save
This easy method helps you to not only save money but to keep track of your expenses. Putting aside a percentage of every purchase you make. So, if you decide to put 10% aside of every purchase, a new sweater that costs $30, for instance, will give you $3. If you spend $150 per month, you will have saved $180 in a year. Of course, it is up to you to put aside money and when not to. Consider all of your purchases or only the ones that are bigger than a certain amount. This method is easy if you have a credit card as most banks will allow you to save a certain amount of money from every purchase you make.
3. Turning bad habits into savings
The point of this method is to put aside a fixed amount of money for every bad habit that you have. So, if you are always late for work, or you frequently miss trips to the gym, you put $1, $3, or more aside. It is up to you to set the amount of the fine. Ideally, you set the amount at the very beginning and you do not decrease it. So, if you put aside $20 every month, you will have saved $240 over 12 months.
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