If you don’t have a good safety net on your finances, you need to start saving money ASAP. And if you think you can’t do it, let’s change your mind about it. You can do it. And we’ll show you how.

Many people think they need a specific scenário to start saving money. That when a certain thing happens they will be able to start

But truth is that life is always a surprise. And if you keep waiting for the perfect moment or the perfect situation chances are you will never give the first step.

The ideal world is not like the real world. So let’s start exactly where you are, with the tools you have. And you will find a way with this reality.

If you feel like saving money is too complicated, you need to read this article. It contains tips and will guide you on this mission.

The sooner you start, the better. So don’t waste any more minutes, and keep reading to get started with saving money.

Saving money is the key to your financial success. As you accumulate money it will grow your purchase power and financial independence.

You can protect yourself in moments of unemployment or even economic crises that occur from time to time, both nationally and internationally.

And if something tremendous and unpredictable like a pandemic happens, you will have the resources to overcome these hard times.

So, let’s go down to business, and give you the ultimate guide for saving money (even when you think you can’t).

It is essential to know how much you are spending and what you are buying. To start saving money you need to know where your money it going.

Maybe you have a way bigger expense with groceries than you think you have. Or maybe it’s cosmetics, clothes, dining, etc. 

It is way easier to overspend with a debit card than using cash. The same happens with credit cards, which is sometimes even worse because the money is not taken from your bank account right at the moment.

So, if you’re going to the supermarket, department store, or maybe to a bar or a restaurant, and you want to stick to your budget, bring a limited amount of cash with you.

Take only the money you need for that moment and leave the rest safe at home or at your account.

This simple attitude will help you save tons of money. People have no idea how much they spend on unnecessary things at the supermarket.

And most of the time this extra money is spent on unhealthier things, like candies, snacks, etc.

Save your money and your health by sticking to your list.

Even tho start saving money is important, it is also essential to have leisure and cultural activities too. It is good for your mental health.

But you can look for places that are less expensive or even the ones that offer free activities. It can be a music class, a free concert, or an evening pottery workshop at the community center closer to your home. 

If you don’t have a high income or have a lot of bills to pay, maybe you can’t save a lot of money now. But it is okay to save just a little amount while you can’t save more.

Your savings will have to start someway, and saving a little is way better than saving nothing at all. Stick to your goal: if your budget fits just $20 a month, do it!

You’ll have many opportunities to spend your savings. Friends calling you for a trip, a new cellphone release, a sale on your favorite brand, etc.

This is the moment when a little voice may whisper in your ears well if I have this spare money on my budget, why can’t I buy/do this?

Your savings are not spare money. It has the important function of granting your financial safety, independence, and stability.

But you can put on your budget these variable expenses, and keep some percentage of your income for trips and parties.

You can even make second savings account for this purpose. Saving is one of the best ways to start saving money.

Whenever you can use technology in your favor, do it! Most accounts have the option to set an automated monthly transfer from your checking account to your savings account.

This will prevent you from forgetting about it and spending the money you shouldn’t spend.

If you have zero savings right now, know that you are very vulnerable. If the effort to cut expenses and save money for months or years gets too rough, remember why you’re doing this and think long term.

This is just a small percentage of your life, and as soon as you reach your goal you’ll be able to enjoy the rest of your life knowing that you have an emergency fund.

Before going to the stores or online shopping for everything you need, try to borrow from friends or family if you can.

Or search for DIY tutorials online to make or transform something instead of buying it. It will be interesting to learn something new and might help you save some money.

Some credit cards have many benefits that are never used by their cardmembers. Things like extended warranty, cellphone insurance, travel insurance, roadside insurance, or even discounts and rewards.

If your credit card offers a rewards program, see if you can get some cash back and optimize your spending according to your bonus categories if it has some. That is a great way to start saving money.

An essential step to saving money is to learn how to manage your bills. Follow the link below and get started with our tips!