9 Tips to Help You Save Money

It is always important to be fiscally responsible with your money. To achieve good finances, it’s essential that you develop strategies to keep your finances in good order.

The good news is that no matter what your income level is, you can start developing fiscally responsible strategies today and start to save money!

Be Conscious

The first strategy to save money is to be conscious with your money. As children, money was magic. We knew every penny, and carefully considered each purchase. As adults, with direct-deposit and debit/credit cards, money can be easier to spend. So, the first step is to regain your fiscal intelligence, is to regain that physical connection to your money. You can start as easily as paying for some items with cash. By doing this, you will see the physical money leaving your pocket.

Be Honest & Fearless

Learn that every dollar you spend is either for a need or want. For instance, a mortgage, rent, car payment and utilities are needs. These are the bills you pay, no matter what. A trip to the movies is a want; fun to do, but not a necessity. Are you addicted to buying shoes? Take a look at what you normally buy. Do shoes take precedence over some of your needs? If so, then switch your priorities to keep your money going toward the necessities in life. You can then budget for wants as you build your savings.

It’s Time to Budget

As you are becoming conscious of your money and your expenses, it’s important to take a detailed look at your spending. Take a look and see where you can cut unnecessary expenses. Create a budget that tells you how much you are able to spend on certain needs/wants every week or month. If you don’t know how to create a budget, research and seek professional help.

Free Activities

Even if you have to retrench financially, there are plenty of ways to add a little spice to your life that cost little or nothing. For example, you can take a hike through the park, read a book, and hang out with friends. With a little creativity, you can find great activities that stick to your budget and help you save money.


As you work to stay conscious, keep your focus on the big picture. If you need to fix your car, focus on the car repairs, cut expenses by eating home cooked meals, and not going out. Being fiscally responsible is all about making and prioritizing choices. If you get bogged down with the small stuff, such as eating out or shopping every day, it can be easy to blow through your essential funds.

Friendly Motivation

It is always easier to budget when your friends and family are budgeting with you and helping you stay on track. Being with friends is about time you spend together, not how much money you spend with them. Make socializing a priority before over spending. If your friends want to do expensive activities, don’t be afraid to hold out for an activity that fits your budget. If they are your friends, they’ll hang with your budget.

Recurring Expenses

When you sign up for cable, a cell-phone, or a gym membership, these recurring expenses are important to keep up. If you decide to keep cable, you might downgrade your subscription. You may not need all of the premium channels. Take a look at what plans you have and consider downgrading your plan to save money!

Value What You Spend

Another point in becoming fiscally responsible is to place value on your expenses. Stay consciously attuned to your spending habits. If you choose to have a night out, plan out how much you can spend. Once you reach your limit, stop.

Open a Savings Account

As you set your account to direct deposit, delegate a certain percentage of each check to be deposited into your savings account. If you set this up as a constant, you won’t miss the money; in fact, you’ll be surprised how fast your savings will grow.

One great recourse and tip for anyone’s finances is to have an emergency savings fund of cash available for use on a rainy day. It is always important to keep extra money for emergencies! By adding this to your budget, you won’t take a major hit during an emergency, because you have already budgeted for this.

If you learn to be mindful with your money, you won’t feel the pain of a budget. Let your new-found consciousness and confidence keep you on the path toward fiscal responsibility. Follow these steps and start to save money today!

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