# Tips on saving money?

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• One of the best tips I can give is so simple, but is also very necessary in order to save money. Make a budget. A budget can really show you which expenses are necessary and which ones are not. Be honest about what you are spending. I would suggest doing 2 budgets. One which shows what you are currently spending and one where you list all of your necessary expenses and then work out a portion of savings as well as set limits on what you spend on all the voluntary expenses (ie. fast food, hair, makeup, clothes)

If you are saving for a trip, find out how much the trip costs. Then figure out when you would like to go on the trip. Set a date, then calculate how many weeks until you go on that trip, then divide the cost of the trip by the amount of weeks. This basic formula works for any purchase or reason to save.

For instance, lets say you are saving for a car. Find out how much the car is, and then find out when you would like to buy it, and then figure out how many weeks til you would have the car and divide the amount by that. Now, with cars you can get a loan if it's really expensive, but even saving a little bit of money to put down is a good idea because it makes monthly payments cheaper.

If you are saving just because. I suggest figuring out necessary expenses and then planning out an amount you can comfortably tuck away to save each month. I know that sounds simple, but it can be really hard. You may find you have to cut back on some of your other expenses. But if you try to save all your money after expenses, that can also be hard because you will feel too restricted.

Another way to save is at the end of the week or day, save the change. For instance, let's say you bought a coffee for 2.75. You're bank account is now sitting at \$232.45. Take that \$.45 and save it. Yes, it's not much but it will add up if you do this regularly.

You can also do this with spare change and put it in a jar.

Also, find things you can cut back on. I found that I was paying so much money each month for fast food. Try to make more food at home and take stuff with you. I was able to buy a package of 12 muffins for \$3, when a muffin from a restaurant is 1.25 each. I'm saving \$1 every day by using the muffins I bought at the store instead of buying them at a restaurant. The muffins from the store only cost me 25 cents each. Bringing a lunch also saves money. I'm actually going to the beach today, and instead of buying food there, I'm going to pack a lunch.

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