5 Ways to Save Money Every Month

| October 9, 2019 | 6 Comments

5 Ways to Save Money Every Month

If you’re looking to save money every month, you need to have a plan. If you’re just starting to save, or looking to save more each month, it’s important to know what your goals are and how you plan to reach them. Let’s take a look at some ways that you can save money every month.

Ways to Save Money Every Month
Saving money

Here are five ways to save money every month:

1. Create your savings goals

Know how much you’re trying to save and what you are saving for. You also need to set a deadline to reach your goals. Timelines are very important to help you remain on track with your savings goals.

2. Take a portion of your paycheck for savings.

Whether you get paid weekly, twice a month, or once a month, you need to take a portion of your wages and apply them to your savings account. If possible, set it up to do this automatically.

5 Ways to Save Money Every Month
5 Ways to Save Money Every Month

3. Boost your monthly savings with extra cash.

You can also find ways to make extra cash such as by selling off junk you no longer need, or picking up a part time job and then put all of this extra cash into your savings.

4. Cut back on expenses.

You can also save more every month if you cut back on your expenses and look for ways to lower your existing bills. Can you cut back your cable service? Are there subscriptions you don’t really need?

Ways to Save Money Every Month
Coupons

5. Use coupons and savings apps.

Another way to save money every month is to use coupons and savings apps. There are apps that give you coupons, cash back, and other specials savings you cannot get anywhere else.

With these five tips, you can begin saving more money every month. Whether you’re already saving and just looking to increase those savings, or if you are just starting your savings, you can use these tips to boost your savings account this month and every month after.

Tags: , , , , , , , ,

Category: Finance, Living, Tips, Weekly Themes

About the Author ()

Lyne is a Certified Infant Massage Instructor (CIMI), Certified Professional Wedding Consultant, and an Event Planner. It has always been her dream to create a website dedicated just for Moms since her children were young. Thus, after 10 years, she finally accomplished it, and the Ottawa Mommy Club was born in May 2011. She loves all things Disney and is an avid chocoholic. She was also the Queen B of the BConnected Conference, Canada's Digital Influencer and social media Conference in Ottawa and Toronto. She coordinated the Annual Infant Information Day/Early Years Expo for the City of Ottawa for 8 years. She was also the co-chair of the Navan for Kraft Hockeyville 2009-2011 committee that organized five community events within 6 months, and helped Navan reach the top 10 finalists in Canada. In April 2011, she received the City of Ottawa Mayor's City Builder Award.

Comments (6)

Trackback URL | Comments RSS Feed

  1. Shirley P says:

    Thank you for the great tips its always good to be looking for ways to lower expenses

  2. Elizabeth Matthiesen says:

    Good tips, I can’t believe that so many people can’t manage their finances but unfortunately it is a fact. I was always taught that if you don’t have the cash you can’t buy it and so I’ve always been careful with money and it has stood me in good stead all these years.

  3. mrdisco says:

    paying yourself is always a good tip

  4. Calvin says:

    All great tips, always reinforce these ways and refresh it regularly. It is tough especially near the holidays.

  5. Calvin says:

    Every dollar counts, good tips to go by,

  6. micheline says:

    These are great tips, I took on a part-time job and this helped with the down payment of our house.

Thank you for commenting! Your comment is moderated before being published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.