Keep more of your money in your pocket every month

Saving money can be a daunting task, but it doesn’t have to be. Here are a few simple ways to keep more money in your pocket each month:

1. Create a budget: This may seem obvious, but having a clear understanding of how much money you are bringing in and how much you are spending is key to saving money. You can use an app or spreadsheet to track your income and expenses, and make sure you are sticking to your budget.
2. Cut back on unnecessary expenses: Take a close look at your spending habits and see where you can cut back. This could be things like eating out less, buying fewer clothes, or canceling subscriptions you don’t use.
3. Shop around for the best deals: When making big purchases, such as buying a car or a new appliance, take the time to shop around for the best deals. This could mean going to different stores, or even looking for used items.
4. Use cash instead of credit: It can be easy to overspend when using credit cards, as it can be hard to keep track of how much you’re spending. Instead, try using cash for your everyday expenses. This will help you stay within your budget and avoid overspending.
5. Automate your savings: It can be easy to forget to save money, but by automating your savings, you can make sure that a portion of your paycheck is going into savings each month. You can set up automatic transfers to your savings account, so you don’t have to think about it.
6. Invest in your future: Investing your money is a great way to grow it over time. There are many different investment options available, such as stocks, bonds, and real estate, and it’s important to do your research before deciding where to invest.
7. Take advantage of discounts: Many businesses offer discounts to students, military personnel, or senior citizens. Be sure to ask about discounts when making purchases, and you may be able to save money.
8. Avoid impulse buying: Impulse buying can be a major drain on your finances. Try to avoid buying things on a whim, and instead, wait a few days before making a purchase. This will give you time to think about whether or not you really need the item.

Saving money takes discipline and effort, but by following these simple tips, you can start to keep more money in your pocket each month.

Stay up to date on how your money matters each Monday on KCCR The Brownstone with Thee Nicole Johnson with her show “Girl Your Money Matters”.

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