Save money they say. Adjust your lifestyle they say. Yes, all the things that “they” say sound great but honestly how do you go about fitting those tips into your life and make them work? When you want to save money but you feel like it’s impossible then you may need a reality check. Or maybe you need focus. Maybe, just maybe you need to put your debit card down and leave it alone for a week. I’m not sure what you need to do personally, but I can give you some tips that have worked for me along the way.
So you want to save money right? Did you set a goal to save so much per week, per month, pet year? You may be feeling stressed about this goal you have set for yourself because it feels impossible.
How Can I Ditch This Stress?
Ditch the expectations. No really, ditch them now! You may have set an unrealistic goal and in reality, you need to take a step back and start from the beginning. Mindset is an important part of the process. Then you can ditch the stress and get a sense of what you can actually handle in your budget.
Use A Budget Tool That Works For You!
Since you’re starting from the beginning you will need to sit down and so some hard work. You’ve changed your mindset, or you’re working on it. Now you need to do the dirty work. Sit down and write it all down. Grab my budget brainstormer from the vault and download my budget worksheet to get started.
- Write down your income
- Write down your expenses
- Gather your bills and figure out the due dates
- Make a calendar and write down all of the due dates in one color then write down all of the paydays in another color
RELATED: WHAT TO DO WHEN YOUR BUDGET FAILS
Change Those Due Dates!
Once you figure out what your due dates are on your bills then look at the calendar and figure out when your paydays fall all year. There will be a trend and you should be able to get your due dates within a few days after those paydays. Split your expenses so you can manage your income and expenses easily. Once you have a good split between due dates and pay dates then you will be able to better manage those expenses.
Now The Hard Part- Save Money
Now that you know what your income and expenses are (only the vital expenses right) you can determine what your remaining income is. Determine your goal and figure out how much money you actually need per paycheck to get to that goal.
Or you can do this in reverse. Figure out how much you want to save. Determine your expenses and income then plug in the number that you need to save to get to that goal.
Just remember always pay yourself! Whether you pay yourself before you pay your bills or you pay yourself before you spend any remaining income…. Just pay yourself!
The easiest way to save is to automate it. When you don’t see it then you don’t spend it! We have all of our saving automated. Seriously, IRA’s, household, personal savings… all automated.
Think Outside The Box
So far you’re probably thinking this chick isn’t giving me ideas on how to save when it seems impossible. Well, there is a road you have to take too seriously get down to saving.
Here are 11 ideas on how to save when it seems impossible.
- Obviously keeping a budget
- Meal plan like a boss & eat at home
- Have a sale
- Stay away from stores that you have a weakness around (I.E. Target, TJ Maxx, Home Goods, Walmart, Amazon…)
- Follow the 30-day rule for big purchases
- Never leave the house without a list & only buy what’s on it
- Call your creditors and negotiate your rates (Insurance rates & interest rates)
- Learn how to say no to your friends and family
- Shop with coupons & savings apps
- Save with purpose
- Get a part time job
Saving money doesn’t have to be hard and it shouldn’t stress you out or put you in a bind financially. However, it shouldn’t be put on the back burner because it will never happen if you don’t just do it. Your money will not save itself!
Do me a favor and grab my free budget worksheet below and start making the changes you wish to see in your financial life. Do it now!
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