Moneyadviceblog » Accountstitle_li=Budgetingtitle_li=Money » Top 5 Tips Save Money Every Day

Saving extra money is desirable for everyone. You don’t need to live a minimalist lifestyle to save money. You can do many things by using your money wisely and still keep saving money. Whether it’s saving up for a nice trip, renovating your house, or waiting a while for the perfect bag. It’s always necessary to save a little without sacrificing your lifestyle. Here are some tips you can practice immediately to help you get started!

It’s not impossible to save money without depriving yourself of too much. You just need to understand how to save money on a daily basis and adopt the right habits. Here are some tips from a pro to help you succeed. So, without further ado, let’s dive into this blog and learn some of our best tips to save money on a day-to-day basis.

1. Keep track of expenses and income


Before saving anything, it is strongly advised to record, every day and on software, all your expenses, and all your incomes. Don’t worry; this will only take a few minutes. If you don’t have the time, you can do the accounts every week or every month. Either way, do it regularly until it becomes a habit.

2. Do your bank reconciliation

Bank reconciliation is a very important detail, so don’t neglect it. This task consists of crossing off the balances, amounts, and transactions of your accounts. This will make it easier for you to save money. Doing the bank reconciliation also allows you to:

  • To have an overview of your bank account balance
  • To verify the operations carried out
  • To calculate the expenses of bank charges.

This operation must be done at least once a week.

3. Make a statement of accounts


You must do this task at least once a fortnight: the first before the 15th of the month and the second before the end of the month. This statement generally allows you to:

  • To make a general analysis of the state of your account
  • To make an estimate of future expenses
  • To know how much money you can save.

But for this analysis of the account situation to be successful, it is recommended to:

  • Set a goal and reach it: this concerns the amount you need to save monthly
  • Establish a spending budget: this will allow you to know if too much money has been spent

4. Make an action plan

Establishing an action plan is the most effective way to save money. However, you must choose it according to your current situation and your income. This plan is necessary to remind you of the new savings habits you need to adopt. It also helps motivate you to save. To do this, post this action plan throughout your home: in the bathroom, on the fridge, in your bedroom…

5. Avoid excuses

If you are considering saving, then avoid excuses at all costs. Indeed, many people always find excuses when it comes to completing a project. You must realize that saving money takes a lot of effort. Here are some tips to help you make the plan easier to implement:

  • Avoid unnecessary expenses: such as buying gadgets, sodas, or unnecessary items
  • Reduce impulse spending: such as toys, accessories, and clothing.

Calculate your groceries


Calculating your groceries is very important, especially when you have a small income. Indeed, it allows you to limit unnecessary expenses while controlling the budget needed for shopping. To do this calculation, simply add the price of the products you buy to your shopping cart. Then, round the figures down or up. Here is an example: if you bought something for 2 dollars 20, round up to 2 dollars. But if the product costs 2 dollars 80, then add 3 dollars to your account.

Sound off in the comments section below and tell us what you want to read next and if you want to read more about saving money.