"We all know saving is important. But maintaining the discipline to consistently put aside a solid chunk of your income is difficult – whether it’s because you struggle with self-control or because you have other financial priorities that come first.
Thankfully, you can take some of the stress off yourself by automating your savings. Here are some easy ways to save money, and save yourself from anxiety.
1. Set Goals
First, before you start seriously saving, set a goal for how much you want to save – whether that’s a big goal, like retirement or a down payment on a house, or a small goal, like a new pair of shoes. Consider how much you want to save, and how much you
realistically can save, considering your income and expenses.
The best way to do that is to set up a budget, including all your fixed expenses (rent or mortgage, car payment, loan payments, insurance and any subscriptions) as well as what you typically spend on things like groceries, gas, eating out, entertainment, personal care and more. Once you have a good idea of how much you spend every month, subtract that from how much income you have coming in every month, and you’ll have a good idea of how much you can realistically expect to save..."
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Article written by BY ZINA KUMOK
Nadine Underbrink, M.Ed.