money saving tips

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     Everybody wants to increase their income and save more money for emergency purposes as well as savings towards a goal for the future. However, money does not come easily to those whose hands are empty of it. If you have enough money as your income, just to put into savings and let compound interest multiply that money exponentially. Here in this article, i will give you 10 ways to increase your income and save more money and investment. To increase money savings you must put in a lot of effort. It will help you implement these tips and maximize the ultimate return.

Top 10 Tips to Increase Your Money Savings:

Make a Budget:

The secret to increasing your savings – whether it’s earmarked for your emergency fund or another savings account – is to pay yourself first. Put the money into a designated savings account before you spend for anything else. First you have to save money for your monthly expenses before you started to spend for daily expense. No matter how much you are able to save every month. Just make a saving as your habit. This big step will help you toward a healthier financial future. Another important thing before making a saving is the budgeting. Make a budget as the full scheduled expenses, include savings as part of your spending plan. Make it a priority above spending for anything else.

Reduce Expenses:

One of the biggest problems most people have when it comes to saving money is simply having the discipline to do it. We had a habit of doing all those thing for few days, later at the month end we will forget all those resolution. But don’t stop the saving like this habit. The best way to save is to take that monthly decision out of your hands and automate it. You usually can set the date of the automatic transfer for the day (or a few days after) your paycheck is deposited into your primary account. Reduce all your other expense like weekend outing, quit bad habits like cigarette,alcohols… It’s amazing how much a vice can cost you, without you even realizing it. Save those money into additional savings.

Good Benefits:

Put any tax refund, raise, or bonus you receive into savings rather than spending it. If you are working in the good qualified company, give preference to employers who offer good benefits, such as health insurance, life insurance, matching retirement savings plans, and transportation.

Set a Goal:

Get a clear idea of how you want to make and save more money. Set benchmarks that are measurable along the way, stick to them and gain satisfaction as you pursue your retirement goal. Set specific goals. If you want to save a specific amount of money that would be Specific, Measurable, Attainable, Relevant at a certain date, keep you focused on your ultimate goal without falling victim to the many distractions. Figure out how much you’ll need to save every month to achieve that goal.

Cut Your Credit Card Cost:

There are many ways to cut your credit card costs, e.g: switching to a card that charges less interest. Try to pay for everything in cash.


The harder it is to access your money, Just take the part of your savings. Consider on investing on funds into an account that doesn’t come with a debit card, or make this plan as a longer-term investment. If it takes more effort to spend than simply swiping a card, you may be more likely to hold onto it.

Plan Your Daily Expenses:

Pack your own lunches for work or at school, instead of buying food. You can save a lot of money, by simply bringing your own food, water bottles to work, university or school. Spend some time evaluating how much money you spend and what in specific you spend it on.

Check Your Phone Bills:

Re-evaluate your phone bill. Shop around and compare services, you might be able to get a better value for money elsewhere. Also if you have a smart phone that works don’t bother to upgrade, you can get some great, cheap plans without the extra of having to pay the phone off. Use e-mail to correspond with relatives and friends, it’s so much easier to work out which expenses can be cut down, to therefore increase your savings.

Reduce Your Bank Fees:

Find out what you need to do to get free checking and free ATM usage and do it. Keep a minimum balance in the account and use only ATMs at your own bank. Don’t keep too much money in a low-interest savings account. Find out how much money you’ll need access to in an emergency, three to six months worth of expenses and keep only that amount in savings. The rest of your funds should be put to work. When ordering checks, don’t order them through your bank. Many check printers charge less for check orders than the printers used by banks.

Direct Deposit:

Split your paycheck up, take a small amount of money, convert into your savings account and put the rest of your amount in your checking account. You can figure your budget with the amount sent to your checkbook and not the total amount earned.