7 Tips to help you save your money
by Manny D'Alessio
Best Money Saving Tips For 2016
The first tip that you should take when trying to be effective on your budget is understanding your goal. You should always take the time to see what your saving up for or trying to keep balanced.
The second tip that you should consider when trying to have a effective budget is tracking your spending for a week. When you do this, you can kind of break down your monthly budget into a smaller portion to see if you have some wiggle room for any of your categories.
The third tip on being effective with your budget is try to base your budget on 3 main topics, such as food, bills, and entertainment. This way, you can save up for the 3 most important things in your life.
The forth tip is to try and use your credit/debit card when paying. This way, you can easily keep track of your money online and you can plan all of your shopping without having to count money.
The fifth tip is to always try and save before you spend. It is always easier to save money before you spend it then just spending it right away. It also makes it easier to have extra money for emergencies.
The sixth tip on having an effective budget is to try the 50/20/30 plan. This means to put 50% of your income to necessities, 20% to long term savings, and 30% to your life style choices.
The seventh and final tip on having an effective budget is to try and get an app to help you manage your budget. You can get an app or a tool or even have someone help you manage your budget because its always good to have another person help.