Top 10 ways to save money!

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10 Tips to Save Money: How To Get Started With Your Personal Budget!


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Money can be a tricky subject whether you’re just starting out in life, or are trying to get on top of things after falling off track. How much do you need? Do you have enough? When will you have enough? These questions and many more like them keep us awake at night. Keeping track of your personal finances can be tricky, especially with the constant change that comes with being young.There are so many unexpected costs that come with everyday life: car repairs, healthcare, home maintenance, etc. Money doesn’t grow on trees; it has to be saved for, invested in, and budgeted for! Luckily there are some simple tips and tricks to help you get started – we’ve listed them below!

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Set a goal and stick to it
Whatever your financial goal is, make sure you know it and are committed to it. Having a goal will help you to prioritize your spending. For example: If you have a goal to pay off $10,000 of debt, you will have a much clearer idea of what you need to save each month. If you have a goal to save up enough to buy a car in a couple of months, you will know exactly how much to put away each week. By knowing your goal, it’s a lot easier to stick to your financial plan. You can check out our article on how to save money when you’re a broke college student for some more tips to help you reach your goals!

Know what’s coming and when
Keeping track of your bills and due dates can be tricky when you’re just starting out. If you’re living at home, you might be getting an allowance that you can use to keep track of your expenses. If you’re away at college, you will probably be given a monthly amount to use towards your spending. Either way, it’s important to know what is coming in and what is going out. This will make it much easier to keep track of your finances. Plus, if you do have to fall back on a budget, you’ll have a better idea of what you’re working with.

Use cash only and track everything
If you really want to get a good handle on your personal finances, try using cash only for a month. With a debit card you never really know how much you’re spending. If you go the cash route for a month, you will know exactly how much you’re spending and you’ll be less likely to go over budget. It will also help you to see what you’re spending your money on. You might be surprised at how much you’re spending on snacks each week! If you want to keep track of your spending after the month is up, you can try a couple of different apps: For example, you can use the app, Mint, to help you see where your money is going. You can also try using the app, You Need A Budget, to help you plan your spending.

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Don’t forget to pay yourself first
Before you pay any of your bills, make sure you’ve put some money away for yourself first. This is especially important if you’re in college. You’ll probably have a lot of bills, like tuition and rent, coming out of your account each month, so it’s important to keep some money in your account for emergencies. By putting a little bit of money away each month, you’ll have a fund to fall back on if anything comes up. It’s also a good idea to start putting money away for retirement. The earlier you start, the better off you’ll be. It’s never too early to start saving for your future. You can also try to reduce your monthly expenses to free up some cash to put away.

Make smart investments
Investing your money can help you to reach your financial goals quicker. You can invest in things like stocks and bonds or you can invest in yourself. If you have the time and the money, it’s a good idea to take a course to further your career. If you have a creative talent, you can create and sell your own art. If you’re lucky enough to have a rich uncle who might be interested in investing in you, make sure you do your research! There are a lot of scammers out there so make sure you know who you’re dealing with by checking their credentials.

Help is always available
If you’re having a hard time keeping on top of your personal finances, or you’re just feeling overwhelmed, there are organizations out there that can help you. For example, the Student Financial Assistance website can help you navigate your financial aid and help you to find financial assistance. They may also be able to help you find scholarships that you can apply for to help with your tuition. There are also lots of online forums, like Reddit’s personal finance subreddit, where you can ask all your burning money questions. These communities are full of people who can relate to your situation and who can help you to get on top of things.

Keeping track of your personal finances can be tricky at the best of times, never mind when you’re young and trying to make your way in the world. There are a few things you can do to make things a bit easier, like setting a goal and tracking your expenses. It might seem like a lot of work at first, but once you get into the groove of it, it will be second nature!

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