Where is your money going?


Logging everything you spend for 2 weeks to a month (even one week) can be eye opening. Even if you spend $2, log it. At the end of this exercise, you will be surprised at how much money is being wasted on things you don't really need.  

Make a budget


A budget provides a plan for spending. It sets out your fixed and regular expenses such as a mortgage or rent, utilities, car loans, etc. It also sets limits for discretionary spending such as entertainment, recreation and travel. Put a savings goal in your budget.

Pay yourself first


Paying yourself first before other expenses is the number one rule for successfully saving more. Many people discover that if they put aside a set amount in savings with every paycheck, then they don't really miss the money saved. 

Be a disciplined shopper


Make a grocery list before heading to the grocery store. Studies have shown that cutting down on impulse grocery purchases have saved families hundreds of dollars annually. 

Downsize your purchases


Do you really need that new car?  What if you bought a late model used car, rather than new? How about carpooling? Bagged lunch rather than eating out can save you $5 a day. Premium sneakers or a moderate sneaker from the same manufacturer? 

Make timely payments


Not only does not paying your bills and credit accounts in a timely manner hurt your credit rating, but paying late incurs late fees which can quickly mount to sizeable amounts of money.