Saving Money? Easier Said Than Done.

Saving MoneyI think we can all agree that saving money is so much easier said, than done. There’s much more to it than just spending less of it, although that alone can be quite challenging. How much will I save? Where will I put it? How can I make sure it stays there and I don’t spend it? All of these questions come into consideration when deciding to save money. Set realistic goals and keep your spending in check while getting the most for your money.

Before you can even begin to save, you must make sure you are clean of any debt you may have. Start by calculating how much you spend each month on bills and set that aside. Once that money is set aside, what you have left over can easily be repurposed to your savings. Also, the sooner you pay off any debt, the less interest you will pay and the sooner you can start saving. This will be the fastest way to reaching your goal.

After you have been relieved of your debt, start setting some savings goals. Figure out what it is you’re saving for, how much money you will need, and about how long it will take you to get to that goal in order to achieve it. When figuring out how much you will need to save, it would be best to save the same amount each period. This time frame of saving must be realistic, or else you will just get discouraged and it will push you further and further from your goal.

How much you save depends on two things and their differences: how much you make, and how much you spend. Since you have more control over how much you spend than how much you make, it’s best to focus on how much you spend. Start recording everything you spend your money on for a couple of weeks to a month and be as detailed as possible, not leaving out any small purchases. This will help you to find some obvious cuts you can make. After making some difficult decisions and thinking about your priorities, calculate how much those cuts can save you per year and you will be much more motivated to save.

Once you have managed to balance your earnings, savings goals, and spending, write down a budget that can be used for spending on any given thing. Start paying for everything with cash and stop using credit cards. It’s easier to overspend when using a credit card because you don’t always know exactly how much is in there. When using cash, you have something tangible and can see your supply running low.

Savings should be a priority, so don’t say that you will just save whatever is left over once you’re done spending. Deposit savings into an account as soon as you get paid to prevent you from this habit. You may be surprised by how much money you can save by just putting away a little at a time. Saving will take time and remember, the more you save, the more you’ll end up with in the end!

Ashleigh Argo, Office Assistant of Arning Lawns

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About Ashleigh

I am the Office Assistant for Arning Lawns. We service in lawn care & landscaping for Pearland, Friendswood, Webster, Clear Lake, League City, & parts of Dickinson. Arning Lawns Quality service since 1986!
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