simple ways to start saving $$ this year

If I want a new pair of sneakers, I can order them by one touch on my phone and it will arrive on my doorstep within 48 hours. We live in a time of immediate gratification. So I get it, it's hard to save. Especially since I love nice things or things in general. It can be challenging but it's not impossible. I mean I just bought a new house this year so it's incredibly important to manage my money in the best way that I know how.

These are my tips and tricks:
1. Setup an account at a new bank
I decided to setup my main account at one bank and my savings at another bank. This way it provides some friction when I'm tempted to dip into my savings. This way my savings are separate and not easily transferable for my everyday spending. I find this technique really does help a lot.

2. Setup a direct deposit system
Most jobs give you the option to direct x amount of money every pay check into a savings account. For my job, every two weeks when I get paid, I know I setup a certain amount of my money to go into my savings automatically. This way you can be saving as consistent as possible. It feels good knowing that both of your bank accounts are getting a lil something something.

3. Write down your expenses
It's a new year which helps the mindset. A nice clean space to setup new routines and good habits. I'm trying to take note of all my monthly expenses. This way you can notice your spending patterns and filter out the bad ones.

4. Create a weekly budget
This is key to maintaining self-control, good willpower and in turn saving your $$. Setting a weekly budget helps keep you accountable and aware of how you spend your money, what you spend it on and why you need to.

5. Monitor and reduce unnecessary expenses
However you are logging all your expenses down (keeping receipts, an app or journal), you can filter out all the unnecessary expenses. Think about it now... cut back on all the starbucks and eating out three times a week to put that money towards a nice trip to Mexico or something. Buying things that I don't need is the story of my life but I'm learning to value want vs need. It's also totally ok to like nice things but it's important to find a middle ground.

These are my tips I use to keep myself on the right track and I hope they help you too. Remember money doesn't buy you happiness but it sure as hell buys a lot of other nice things. It's smart to start being proactive with money and getting into good habits. This will only make your life better in the long run.


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