There’s no better time than now to start saving. If you have a specific goal in mind such as a big purchase or a family trip, or if you’re just trying to build your emergency savings, with some careful planning you can greatly increase the amount you save.
Here are three ways to save more money in 2017:
- Set your goals – You can’t begin to save without plotting your goals. How much money do you need? What are you saving for? When do you want to have this money in savings? Are you just looking to spend less on the things you already buy or are you looking to build a savings of a certain amount? Start with setting your goals.
- Track and monitor – Once you have your goals, the next most important step will be to track and monitor your spending, your saving, and everything in between. Where does your money go? Where are some areas that you can save more or spend less? How much do you spend monthly versus how much you make?
- Find discounts – There are so many opportunities for discounts you might be missing out on. For one, you can simply ask for a discount and in many cases, you might get it. There are also cash back apps and coupons that allow you to save more. You could qualify for discounts on your insurance or other services if you look into it. Everything adds up so go hunting for those discounts.
With these tips, you can begin saving more in 2017. You can take these tips with you year after year to continue your savings plan and reach all of your goals.