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Saving Money Tips – Start small

Developing realistic money-saving plans can sometimes be the hardest thing you have ever done. But, there are few simple steps you can follow through and reach your savings goals.

Combined with technology and a few tips, it is easy to plan and stick to it.

Like for example figuring out how much you really spend?

Keeping a track of your expenses, even the smallest ones, can be a good start. Sometimes we overspend our budget exactly because we forget about that coffee, newspaper or candy. They all count, don’t they?

Do you have a real budget?

Ideally, you will determine how much money you have available for spending each month and organize your expenses into a workable budget. This should not be too difficult as your budget should outline how your expenses measure up to your income so you can plan your spending and limit overspending.

Are you saving any money?

A savings category should be part of your budget and, depending on your income and expenses, determine the percentage you want to “put away” every month. If your expenses are so high you can’t set it up, maybe it is time to cut back on a few things? You will have to decide on what your priorities are. Choose a few non-essentials from your budget list every month on which you could spend less or no money and your savings will start piling up. The best way to reinforce savings habits is to actually add savings as a regular expense every month.

Or do you know what you are saving for?

The best motivation to start saving money is to set a goal. Think of things you really want, like that ski trip you always planned or a super cool gadget that’s on your mind. Use the calculator, determine the time frame you are saving money within and go for it.

And finally watch your money grow

It will help a lot to stick to your savings plan when you check your account every month and see your money grow. These simple ways to save money may even inspire you to save more and hit your goals faster.

Manigo Team, February 2017

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