Tips to increase your savings

Having different types of saving is something that will be beneficial for you, and if you’ve been following this blog for a while, then you’ve noticed that is a frequent topic here. So, today I thought it would be good to share a few tips that will increase your savings.

1.Make a goal

First of all, you need to have a goal for the money you want to save. This will give you the motivation to keep saving, it will give you a “purpose”.

2. Have no-spend days

After budgeting your money for groceries, utilities, bills, your overall needs, you can start a challenge, the no-spend month, for example. This means that throughout the month you won’t be buying things that weren’t specified on your budget. Such as coffee, lunch out, etc. After this challenge, you will realize how much money you were spending on things you don’t need.

3. Have side hustles

Try to have another source of income besides your work salary. It doesn’t need to be more or the same amount of your work salary, the goal is to have extra money at the end of the month that you can add to your savings. You can tutor someone, sell services, take surveys, etc. I have a post on things you can make and sell online, click here to find out more about it.

4. Have the right budget

Always try to improve the budget you already have. Slowly try to increase the amount that goes to savings without affecting your daily life.

These are the tips I have for you. Let me know if you have extra ideas! Thank you so much for reading it, and I’ll see you in my next post.

6 thoughts on “Tips to increase your savings

  1. Great advices! I would only add trying to get some kind of passive income, but not everyone is up to that any way… Amazing post!

Leave a Reply