There are never enough tips for saving money from experts. After all, they have loads of extra money-centric knowledge that can help you hit your savings goal. If the tips are familiar, they’ll serve as gentle reminders.
RealtyWW.info has some of the best money-saving tips from professional entrepreneurs that can help you lead a content and debt-free life:
1. Make it automatic:
Jennifer Barrett, Chief Education Officer at Acorns and Editor-in-Chief of Grow shares one of her best kept financial secrets with us. “Making it automatic is the single most effective way to hit your savings goal,” she shares. Set your account to automatically transfer a fixed amount to your savings account, each month. If you plan to do it manually, you will either forget or find something else to do with it.
Once the money is transferred automatically after each payday, you will never miss it. This way you’ll plan your direct expenditures around the available money.
2. Make a financial checklist
Here’s a dash of the best saving tips for 2018:
Creating a list of all financial matters at the beginning of the year will help you stick to your resolutions. Segment it according to each month and write down ways in which you are going to cut costs. For example, January might be scheduled to cut heating costs, and April might be marked to cave some cash for a summer trip.
It’s all about developing an encompassing strategy and choosing relevant goals can help you launch into a world of financial freedom.
3. Pay off your debts
Bola Sokunbi is a Certified Financial Education Instructor (CFEI), finance expert, writer, social media influencer and founder/CEO of CleverGirlFinance.com, shares a valuable tip to live life on your own financial terms. ‘Pay off your debts as quickly as you can,’ she says.
Debt can take away from financial freedom and cause a lot of unnecessary stress and despair. The sooner you get rid of it, the sooner you can start pursuing your own dreams.
4. Keep track of your expenditures
Eric Rosenberg, a finance, travel, and technology writer in Ventura, California suggests that you should pay complete attention to your finances. Many people spend without thinking, hoping it will all work out in the end. But hope is not a good budgeting strategy. Start using an app, spreadsheet or a good old notebook to track your expenditures and make a note of your budget.
Stick to this technique for a year and see the amazing change it will bring to your financial goals! Not only will you learn more about your spending habits but you will also be able to identify every dollar going out the door!
5. Live below your means
‘Live below your means and don’t invest in Bitcoin – it’s too risky now!’.
You heard it right! If you want to save some serious money, then think seriously about this tip shared by Derek Chamberlain, who runs the blog MoneyAhoy.com which offers money saving, money making, and smart investing tips to help you live a better life.
If you really want to change your spending habits and save money, then re-think your values. Don’t buy anything unless it reflects your values or helps you reach your long-term financial goals. For more money saving deals, check out Couponobox.com for amazing discounts! With this advice, you will be able to handle your new year’s finances in a much better way! Happy saving!
September 26, 2018