4 Tricks to Actually Saving Money
Thirty-nine percent of Americans don't have enough money in savings to cover a mere $400 emergency. If you're one of them, it's a sign that your savings need a serious boost. The good news? If you follow these tips, you might find that saving money isn't so difficult after all.
It's hard to build savings when you have no idea where your earnings go from month to month. On the other hand, if you set up a budget and stick to it, you'll see what your living expenses are costing you, and you'll be better positioned to make changes as needed to ramp up your savings efforts.
To create a budget, list your recurring monthly expenses. Then, factor in expenses that only pop up once a year, but that you still need money to cover, like your annual professional license renewal or warehouse club membership fee. From there you can compare your total spending to your earnings, and if there's no room left over for monthly savings, you'll know how to cut corners to change that.
Quelle Fool.com
