Top Money Saving Habits You Need In Your Life

I honestly can’t believe New Years is in a couple of months. Have you started thinking about your money saving goals for this upcoming year? Looking back at the past year, I have achieved my ultimate saving money goal – paying off my entire student loan within one year. I wouldn’t have been able to do it without some of the habits that I implemented this year. If you are looking to save money & create good money habits in your life as well, then this blog post is for you. Today I’ve compiled my top money saving tips so that you can achieve your money saving goals. Keep reading.

If you don’t have a savings account, open one today

No matter if you’re 18, 25, 35 or 65, it’s important to start saving your money today. If possible, try to save a certain percentage of every single one of your paychecks. Your future-self will be so happy & will thank you. Take a look at how much money you spend every single month. Experts recommend having 3 to 6 months’ worth of living expenses in your saving account. Take a look at your finances & write down how much you spend on housing, food, healthcare, etc. every single month – make sure you have 3 to 6 months’ worth in your savings account.

 If you are having problems with overspending, get rid of your credit card

If you are an over-spender, it may be time to get rid of your credit card. If you don’t have a credit card, then you will be forced to use your debit card or use cash. This will prevent you from making purchases that you are unable to afford.

Bonus tip: take out a certain amount of cash every single week & have a goal to only spend that amount during the week. For example, take out $50 dollars & then have a goal of only spending that amount on coffee, food, or miscellaneous expenses.

Have a no spend weekend

If you go to the bar every single weekend & spend a lot of money, have a weekend where you stay in & watch Netflix with your friends. If you go to the movies often, then have a weekend where you watch one of your favorite movies at home.

 Start a side hustle

This is one of my favorite tips. If you are looking to earn some extra money, then I definitely recommend starting a side hustle. If you enjoy writing, you could start a blog or try freelance writing on websites such as UpWork. If you enjoy driving, then you could become an Uber driver or an Uber Eats driver. There are many different side hustles depending on your skillset.

 Unsubscribe to sale emails

Anyone else subscribe to a bunch of fashion brands’ email blasts? I loved it as first because I was aware of every sale, but then it ended up not being a good thing for my budget. I would buy just because something was on sale. I was left then with a bunch of unnecessary clothing items. Only buy things that you absolutely need. There are certain times of year when many brands run sales yearly. Only buy during those sales after you know that you want the item & you have saved up for it. If you unsubscribe to those emails, you’ll be less likely to

 Paint your own nails

If you get your nails done every single month, then it might be time to rethink this expensive habit. If you do your own nails at home, you can use that money towards your savings. Think about how much money you’ll save if you paint your own nails for the next year.

What are you saving goals for the upcoming goals? Do you have any saving habits? Let me know in the comments below!


1 Comment

  1. November 13, 2017 / 3:04 am

    I’ve been thinking lately that I really need to unsubscribe to a lot of emails because it’s so tempting to buy stuff when they’re on sale!!!!!!

    I like to ask myself questions when I go shopping – do I really need this or do I want it? Do I have something similar? Does it fall within my budget this month? How much do I love it?

    The questions help most of the time but sometimes, the temptation is just too high haha

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