You have good intentions when it comes to saving money, but something always comes up. But In reality, you will only start saving money when you learn healthy money habits.
Make a budget.
Budgeting helps you prioritise your expenditure and find balance between spending and saving across a whole year. You need to know where your money is going and by checking your credit card statement, bills, bank statements and receipts, you can work out all your regular expenses. Such as your rent, home loan, electricity, grocery, entertainment and so forth.
Separate wants from needs.
Do you really need that 42-inch flat screen television? When money is tight it should not be spent unless absolutely necessary.
Avoid using credit to pay your bills.
While it may make things easier now, using credit only increases your monthly payments in the future.
Pack lunch (and eat at home).
Buying lunch a few times a week may seem harmless in the moment but you can save quite a bit of money just by packing a lunch! Bottom line, prepare food at home and watch your savings pile up month after month.
Reduce energy costs.
You can save money on your electric bill just by making a few tweaks to your home. Start with simple things like taking a shorter shower, fixing leaky pipes, washing your clothes in cold water, and installing dimmer switches and LED lightbulbs.