20 Best Money Practices To Help You Raise Your Savings


Does it bother you to think that you can save more?

You have good intentions of pleading each month – but somehow you are spending most of your money. Can others save more because they have natural abilities?

If you have trouble saving money, you are not alone. Data shows that more than half of Americans are unable to cover the cost of $ 1,000. Should the solution be balanced and continue to save less money?

Of course not.

He is a person who takes action – a person who does not participate in opposition. That’s why you’re reading this article now.


The fact is that saving money will not be easy you will have to stop bad habits and learn new strategies. Most of them will be simple but will need to focus on direction. Once you have spent your money aimlessly, you have come to the right place.

But first, explain why you want to start saving.
Most people talk about retirement. Some save to take a vacation. So, is there a proper answer to what you have to save?

It depends.

Retirement savings are necessary, but once you pursue this goal, it is time to get it on purpose. As you already know, saving is not easy, and you will need to change your mind if you hope to save more.

Take a piece of paper or use your smartphone to write down how having more money will make you feel.


Will you be able to sleep better at night? Want to start a business but can’t get everything done because of your current job? Do you want to feel good every time someone talks about money?

Find out and deliberately think about what having more money will bring you. Use these reasons as your starting point. The next time you are tempted to spend money, remember why you are saving in the first place.

Then work from the bottom of the list eliminating issues that aren’t worth the fight. Browse through this list and see which of your strengths and weaknesses are:

  1. Be Honest With Your Bad Habits
    The most important habit you can learn is to face the truth.

The reason why you have not been able to save for so long is to delay accepting the facts. I find it, it is not easy to accept that you are not saving as much as you should. It is easy to ignore this and spend the money you can save, hoping you will have enough.


Go ahead and admit to yourself that you have been lying to yourself now.

This is not to make you feel bad. Instead, be proud of your sincerity and show empathy. Now you know that you have bad habits and it’s time to start working.

  1. Beware of Your Money Matter
    When you hear of “saving,” what comes to your mind?

Are you happy because you are on your way to retire? Or are you kidding yourself by knowing that you misused your money over the past few weeks?

The fact is that you do not save because of the stories you play in your head. Set a time in your calendar to chat.

Find out what financial issues you have been dealing with and challenge yourself. For example, if you believe you should spend your money as it comes – ask how this has led to the last few years. Your aim is to challenge the bad money to create better ones.

  1. Describe Your Needs and Needs
    It’s okay to love expensive products. The problem is trying to buy everything because you want to keep up with friends and family. As Paula Pant puts it “you can pay for anything but not everything.” That’s why you need to define what your needs and wants are.

Create a list of things you really need. For example, a cell phone, and food, housing are basic necessities. After that, create your own list of things like high-end shoes, the latest smartphone, etc.

You should not buy everything on your desired list right away. Instead, choose one and make your own budget. Save money first and reward yourself with something from your “wish list” once you’ve reached the savings goal.

  1. Understand Your Cash Flow Using Advanced Tools
    Don’t believe you understand your cash flow (money comes and goes in your account.)

You are paid twice a month and you use the estimated amount of your income in expenses. Others remain in the same bank account for no purpose. This is a disaster recipe.

Instead, use money tracking apps to better track your cash flow. Sync all your accounts and let Personal Capital do the rest.

  1. Learn How to Set SMART Goals
    You already know that unintentional savings don’t work.

However, just saying that you want to retire and be happy is not enough. You need to set SMART targets. Think of SMART goals as the ones you can take and follow.

For example, “I want to get rich” is not SMART. And “I don’t want to be a millionaire.” However, “I want to save $ 500,000 over the next ten years” by SMART.


The purpose of creating SMART goals is to be able to track your progress. What more could you know when you have reached your savings goals? Review your current financial goals and make them SMART.

  1. Use Tools To Track Your Costs
    If you do not manage your money, you will always misuse it.

Your goal should be to keep your expenses as low as possible. The problem is that you may not always update your money. Because of this, you may be overcharging for your services.

Also, you can track expenses using a tracking app, showing the amount you spend each month.

  1. Learn how to negotiate your debts
    Once you’ve tracked your expenses, take a step forward.

Problems may be overpaying your services or overstretching. Negotiating your expenses is not difficult. I was able to reduce the amount I charge $ 10 a month by making a 5 minute call.


You can do the same. Saving money on your loans means you will have more savings.

Organize your expenses from expensive to minimal. After that, start calling your most expensive service providers to negotiate your bills. If you fail to negotiate for the first time, hang up the phone and try again.

Most of your service providers will be large companies, so you will always work with a different person. You have the option of using services like Trim, which communicates with you. It doesn’t matter, don’t pay for what you pay now and negotiate your expenses.

  1. Start Automatic Save Instead
    Stop believing in yourself saving money.

You’ve already seen where this got you. But, don’t be sad, we are all human and prone to make mistakes. Instead, create an automated budget.


For example, your money is automatically transferred to different accounts. Take action and open external savings accounts. This way you make it very difficult for you to withdraw your money.

Now when payday comes, your money is automatically saved.

  1. Save money with your money
    It is good to use your money to buy things that make you happy.

However, if you do not save enough after reducing your costs, you need to take a different approach. I am against accepting crime for doing so.

However, savings are not binary– there are different levels of frugality. If you have trouble saving, look for places where you can cut more. For example, instead of paying for Netflix, watch free videos on Youtube.

Repeat this process until there are no more spaces left. Cutting services are also more economical than usual for a while. Once you have saved a lot, you can go back to the services you love.

  1. Switch to No Credit Card
    Debt is often the reason most of us can’t afford to save.

You can earn an income, but once you get the rent, car note, and credit card, you have less. T

his credit card debt ratio is about $ 16,000. The best way to avoid credit card debt is to stop using it completely.

Forget about earning points. Leave your credit card at home somewhere out of sight.

  1. Review Your Financial Development Daily
    You need to update your finances every day

With money tracking apps, you can do this without any problem. However, even if you do not update your daily budget, create a reminder to check your status once a week or month.


To promote this practice, make reviewing your finances fun. For example, review them while eating your favorite food. Or, benefit from a little something from your “wish list” list. Once your budget has become a habit, you will be in a better position to save more.

  1. Use Coupons Shamelessly Everywhere
    You only use coupons when you are broken.

Make it a habit to use coupons to save as much money as possible. Don’t buy your food and search for coupons to use. Instead, review available coupons and purchase items for a given week.

Even if you can save $ 5 a week, this is money you could spend.

13.Pack your lunch to save money
The $ 10 meal doesn’t seem like much. It may even sound like a trade-off depending on how good your food was. The problem is to do this 5 times a week, sometimes or twice a day. Suddenly, your $ 10 diet costs $ 200 + a month.


Instead, make it a habit to pack your lunch for work. Choose one day during the week to prepare meals throughout the week and watch your savings grow.

  1. Use Junk Mail cutting tools
    If you are like most people, you check your email several times a day.

Companies spend a lot of money to make sure you know about their latest sales. This will only make you want to use more.

To avoid the temptation to spend money, withdraw from the list of most companies. Or, create a separate folder within your invisible email provider.

  1. Accept the 30-day rule
    Have you ever bought something to regret selling after a few days?

If so, the 30-day rule is yours. Every time you buy a new one, set it aside for 30 days. If after 30 days you still want to buy this item, do it. This will not stop all negative purchases but will reduce the most unreasonable.

  1. Work for Important Jobs, Not All
    “How come it’s so late?” – Dr. Seuss

Time is the only service you have that you can afford. That is why you need to protect it by all means. If you are honest with yourself, you are not producing on your own time.

Watching useful YouTube videos or spending time with friends is not a time to waste. The only problem is doing this.


If you are already in good financial shape, this is not a problem. However, if you want to save more money you have to produce on your own time. How?

Like money, you have to follow it. Use time tracking apps to get a clear idea of ​​how you use your time. Plan to spend your time managing your money better and search for different ways to grow.

  1. Be an Experienced Student
    One of the reasons you don’t save enough money is because you don’t know how much money each dollar has.

For example, if you invested $ 1,000 in the stock market, it would double within ten years. Many do not know this and prefer to keep their money in a standard savings account.

You do not have to be a financial expert, but you do need a basic understanding of money. A great way to do this is by reading. Go to Amazon or your favorite bookstore and buy any money-related book.


Learn and apply the action to anything new you learn. Eventually, you will know many ways to spend your money and choose more savings.

  1. Learn to Walk
    You can read more from media experts on podcasts. Find other top podcasts in business, finance and other important areas.

Listen to them as you go to work. Listen while you work out in the gym.

Gradually you will learn new things. And one day, you too will become an expert on topics.

  1. Choose to Invest in You
    He is your best investment. Why?

The more you know, the more you can apply. But, you can’t grow on your own. Coaches are good to have because they can look at your blind spots.


Yes, they can be expensive, but they can save you time to avoid the problems that most people create. During your start as an entrepreneur or in your career, you may not be able to afford a coach and this is fine. Read and listen to podcasts to grow.

Eventually, your salary will grow and you can use this money to invest in coaches.

  1. Improve Your Financial Skills To Increase Your Income
    There is a limit to how much you can save but not how much you can earn. That’s why you need to start a separate business. The Internet has made it possible for you to build a business on the side while working full-time. Choose to start a business in the industry you are familiar with.

Bonus: Know What to Do With Your Savings
Once you’ve found a way to save your money, you’ll need to put it into practice.

At the very least, make sure your money gets the highest APY (annual percentage yield.) Search online for “high savings accounts” to find banks that offer competitive savings rates.


Next, open different savings accounts for your various savings purposes. Also use money tracking apps to track your progress.

Final Thoughts
Saving money is not easy. Many of the habits you have now learned from childhood. Therefore, to expect them to disappear within 30 days is illogical. Instead of trying to understand all the practices involved, start with one.

Then, start small with your first practice. It may seem contradictory to what you have done in the past, but this is very likely why you did not improve. The reason for you to start slowly is to build a solid foundation.

Imagine building a house with cheap supporting materials. It would not be long before this house collapsed. Trying to build quick habits is like using cheap materials to build a house.

The first reason to slow down is to avoid triggering your amygdala combat or flight response. All of this means that you will be less likely to feel stressed as you develop new habits.


You can save much if you make a commitment today. Most importantly, you will live a happy life. Isn’t it worth the sacrifices?


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