How to Save Money Every Month

By: Janet L. Hall

One good method to save is cut back on your spending. You can start a daily or monthly log of expenditures. Soon you will notice a pattern of spending habits. This is how to save money every month. By starting on your cost cutting plans. 

How to Save Money Every Month

  1. Plan, plan, plan ahead
  2. Don’t pay retail
  3. Shop at thrift stores, consignment shops, secondhand boutiques, warehouses, or in the slightly damaged department.
  4. Get in a co-op or collectively buy with others
  5. Don’t shop with your emotions, use your conscience when shopping
  6. Rent big ticket items when possible
  7. Use the library
  8. Barter
  9. Comparison-shop for everything
  10. Don’t buy because its on sale or because you have a coupon.

How to Save Money Every Month
Let’s look at some items or habits you can stop this month in order to start saving (Use your items and figures that you had logged into you daily expenditures).

  • $208/yr – Newspaper
    Get the news online or at some public library

  • $72/yr – Rent 1 movie a month at $6
    Wait for it to come out on regular tv.

  • $720/yr – 20 breakfast drinks a month at $4
    Start making your own special drink at home in the morning.

    Why makes Starbucks richer? On 31 Mar 2005, Starbucks made sales of 1.51billion selling coffees. On 31 Mar 2017, starbucks sales jumped to 5.29Billion. All thanks to people like you. Instead, use the your savings to buy some shares in starbucks. 

  • $48/yr – 1 magazine at $4 a month
    Do you really need the magazine? Unless it is a financial magazine teaching you how to grow your money, it is best th cut it. Magazines are always available at the library. 

By Saving monthly, your Total Savings in a Year is $1,048. In ten years, your $1,048 will be $10,4800. 

Once you start getting into the habit of watching what you spend. It becomes easy save money. Good luck

Money Management
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