Post
Topic
Board Economics
Re: How to save money.
by
greBit
on 06/08/2015, 11:28:45 UTC
Every time you spend money write it down. Easier to keep track of your expenses if you see them on paper.
Once you know that amount and what you're using it on, you can make informed decisions as to where you can reduce your spending in order to save that money instead.

yes, a budget that you put down on paper/spreadsheet will probably show you some expenses you never really thought of, and its a good idea to add EVERYTHING, even small monthly expenses like $8/month for netflix should be on there, if you dont account for that stuff you're only hurting yourself

Things like netflix and such are the stuff that people should be getting rid of. Paying for TV isn't needed at all as you can stream or download pretty much everything you want from alternative sources. Getting rid of non essentials even if it's just a little a month all adds up and this a is a great way to save.

I think that instead of cutting back from things you enjoy, you should cut down on expenses you don't need or often overpay for. An important strategy of saving money is making notes and keeping record of all your expenses and calculating them. It will help you realize things you don't need and where you are over spending. Next month onward, follow a financial chart which you will make for yourself. I did this in high school and saved enough.