Write down all your expenses in one place each month.
Not only will this help you create a budget, it will also allow you to see where your money is going. You may never realize how much you’re spending on Starbucks runs until you write it down all in one place.
Use reusable water containers instead of buying water in plastic bottles.
Not only will you be saving money, you’ll also help the environment by not adding more plastic to landfills. If your library does not provide a way to refill your water container with filtered water, purchase a filtered water pitcher, which will still save you in the long run.
Bring your lunches.
Cooking at home saves you money and is generally healthier than what you’d get when eating out. Use reusable containers to save on waste and make your lunch a little more environmentally friendly too.
Set up an automatic transfer to your savings.
Once you’ve figured out your budget, determine how much you can put into a savings account and set up automatic transfers. It doesn’t matter if it’s only $25 a month, setting up an automatic transfer will allow you to save money in the long run for emergencies or a larger purchase.
Don’t buy anything on impulse.
Shopping can make us feel better when we’re stressed or just give us a hit of joy when we find something we love. Procrastinating a few days or even a few hours can help temper that initial excitement and help you determine if an item is something you really want. If it’s not worth driving to the store again or hitting Check Out online, it probably wasn’t worth buying in the first place.
Regularly review and update your financial goals.
Setting a budget and creating financial goals is the first step in feeling more financially secure, but it requires regularly checking in to make sure your budget and goals still fit your needs. Adjust as needed, especially when a big life change has occurred.