If you’ve struggled with money for years, putting together a money saving plan might sound impossible. But it’s just what you need to build a savings cushion! And it’s easy to get started. Here are the steps you’ll want to take today.
Imagine life with a stash of money whisked away in a savings account somewhere. What kind of freedom and relief would that bring to your life?
That peace of mind can be life changing!
And that is why you need to create your own money saving plan.
That might sound intimidating, but it doesn’t have to be! With the right tools and ideas in place, your plan will take shape before your eyes. Your dream of having an actual savings plan can come true.
Here’s how to pull it off.
How to Create Your Money Saving Plan
First, let’s answer a couple of questions that might be baffling you.
How Do You Stop Spending Money?
If your checking account is filled on Friday only to be empty again by Monday, you probably need some better tips for saving money.
If you don’t have a budget for every month, it’s a must.
But if you hate the idea of creating a budget, a free Personal Capital account might be right for you. Assuming you use your debit card often, it will track your spending and show you at a glance where your money is going.
Once you know your spending weaknesses, you can do something about them.
When we noticed our money was hemorrhaging with nothing to show for it, we took drastic measures. Putting a #yearofno money saving plan in place meant that we no longer spent money on any extras at all.
Living this way for two years helped us get rid of debt. (This is the best thing you can do for yourself!! You probably have no idea how much money the interest rate on your credit card is sucking from your budget every month.)
If that sounds interesting, check out the book of over 500 Ways To Save Money: Build a Cash Jackpot for the Best Things In Life. This book makes saving money easy, because it’s broken into sections that make it simple to find the tips that will save you the most money possible.
More Ways to Save
If spending on fast food is a weakness for you, make a rule that you only buy it on Wednesdays. Or that you can only have it twice per month. That will keep you from feeling deprived (which sometimes causes us to binge spend more than ever!).
Even better, grab foods from the store that are convenient and tasty without costing as much as food someone else prepares for you. Then remind yourself that food right in front of you is a lot easier than waiting in a long line.
You can use that model for your own spending weakness. If you love clothes, set some rules for your shopping. Or look for ways to upcycle secondhand clothes.
How Can I Save Money Every Week?
One of the best thing you can do is put together a plan. Glance at your calendar to see what’s coming up.
Will you need snacks for errand day? Use this list of snacks for trips to put together a bag of easy grab and go foods!
Is one day going to be CRAZY? Get that crock pot ready and check to make sure you have the ingredients for a favorite family meal.
You deserve to enjoy time spent with family and friends without feeling anxious about your money situation. Don’t let the rush of your week cause you to derail your savings goal!
And be intentional with the money you save. This 52 week money saving plan is actually fun to follow! And you can start saving now (no reason to wait for January 1st!)
How Do I Save Money Fast?
If you need money yesterday, one way to save money fast is to drop your spending down to nearly nothing. Continue paying for housing, utilities, food, and any monthly bills you have to cover.
- Peanut butter and jelly sandwiches are your friend! But leave the bags of chips on the shelf.
- If you can bike or walk instead of driving a car, do it.
- Invite friends to your house to watch a DVD instead of going out.
- Spend your free time selling things you no longer need.
If you already do these things on a regular basis and still have no money to show for it, you probably don’t have a spending problem. You need more income!
Luckily, there are tons of ways to earn money. Get a side job delivering pizzas or bagging groceries. There are probably more options for working from home than you’d expect! Here’s a whole list of full time work from home jobs.
How to Save Money From My Salary
You’ve heard the constant advice to pay yourself first. But it never seems to happen! You either forget about it, or there’s something more pressing to do with that money.
One of the best gifts you can give yourself is automation. Open a special savings account that you don’t have easy access to. Don’t leave this at your regular bank where you can easily transfer the money back to your checking account any time you like!
Then file some paperwork to have part of your paycheck direct deposited in that account. Out of sight, out of mind.
Start with a small amount and bump it higher whenever you get a raise.
What’s My Money Saving Plan?
With your bag of tricks for saving more of your hard earned money, you’re ready to build your money saving plan! You’ll always save more with a goal in mind. Why are you saving this money? How much do you need to save?
If you’re saving just because your Uncle Fred told you it’s a must, you probably won’t have much success. Buy into this plan!
With a money saving plan firmly in place, you’ll get where you want to be.
That safety net you’ve always dreamed of is just one plan away!
Don’t forget to pick up your copy of the 500 Ways to Save Money book! You’ll get the book instantly. That means the real results can start right away!
What does your money saving plan look like?