How Do You Save Money Each Month?
It seems like people never have enough money. The old saying goes “The more you make, the more you spend”. In a society that values things, it’s easy to start living above your means, but there are ways to get back on track and begin to save money each month. Develop a realistic budget. Don’t just estimate what your costs are. Take a month to write down every cent you spend from your house payment to your morning cup of coffee. Once you have set up a realistic budget to live on, then you can begin to set up a realistic goal to save money each month. Wait before you buy. In order to break the habit of wasting money on impulse purchases, impose a waiting period on yourself. Wait for a month, and if you still really want that item, then buy it if you have the money. Put a limit on how much you will spend each month on things such as entertainment or morning stops at the coffee shop. Divide money that you have allocated for Starbucks or entertainment into envelopes. Once your envelope is e
