Saving money is essential if you want to reach your financial goals and be prepared for emergencies, but it can be difficult to set money to the side. Fortunately, there are a few good ways that you can trick yourself into saving money, and you might be surprised by just how much cash you can accumulate by following these tips.
Look at Food Costs
Although it might not seem like you spend a lot of money on food, chances are good that the amount that you spend throughout the week really adds up. Instead of just grabbing fast food or spending your spare change at a vending machine, consider being more careful about food planning. By planning your meals for the week and bringing your own snacks, drinks and lunches to work, you can drastically shave down how much you spend on food throughout the month. By paying more attention to what you eat, you can also eat healthier and lose a little bit of weight as well.
If you are like many people, there is a good chance that you have a lot of subscriptions. From video streaming services to online and printed magazines and newspapers, there are a lot of automatic subscriptions out there that can really add up to a lot of money. Take the time to assess all of your subscriptions, and cancel the ones that you really don't need; this can add up to hundreds of dollars in savings over the course of the year.
Save Up Change
Believe it or not, change really adds up. If you set up a piggy bank or glass jar and put all of your spare change in it at the end of each day, you might be surprised by how much money you will have in a couple of months. If possible, consider also stashing stray one-dollar bills in your jar; this will help the money add up even faster, and you probably won't even miss a dollar or two once it's out of your sight.
Put Away Your Debit Card
It's easy to spend more money than you meant to when you swipe your credit or debit card, so consider paying for things with cash instead. When you have cash in your wallet, you can physically see your stash dwindling down with each purchase; this can help you put back the things that you really don't need and can allow you to save more.
Make Saving Automatic
If you never see the money, there is a better chance that you won't miss it. Therefore, it's a good idea to automate your savings plan. Instead of physically transferring money from your paycheck into your savings account, consider setting up an automatic draft from one account to the other on certain days of the month. This can help you achieve your savings goals without really feeling like you are giving up any money at all. The money that you transfer into your savings account doesn't have to be substantial; even stashing away 10 dollars a week can really add up over time.
Getting in the habit of saving a lot of money can be difficult, but these easy tips and tricks make it a breeze to stash extra cash without really feeling the difference. If you try at least a few of these tips, you might be surprised by how quickly you can meet your saving and other financial-related goals.