So maybe money isn’t the key to happiness, but having a little more sure would make life easier, right?

From baby boomers to Generation Z, everyone is trying their best to make smart money choices and stay on budget.

If you haven’t been so successful with a budget in the past or this is your first time thinking thrifty, consider the budgeting tips below as a solid foundation.

1. Keep a Money Notebook

You can access your spending history through your credit card statements, your eCommerce transactions, and your savings account, but most people don’t.

The first step to money saving is to keep a concrete list of every penny you spend. Try it for a week or a month and reflect on which expenses you are willing to cut down or cut out. The results may surprise you!

2. Pack Your Lunch

Bringing your own food is a simple and effective way to save money. Even though a $6 sandwich doesn’t sound like much, when you eat one 10 times a month it amounts to $720 a year!

Packing your own lunch also encourages healthier eating, so consider that an added bonus!

3. Unsubscribe From Email Lists

The modern consumer is on so many email lists that it seems unfathomable to go one day without a marketing email trying to sell you something. And even if you are able to ignore 80% of those marketing emails, the other 20% could be costing you hundreds of dollars (or more) a year.

By removing the temptation of a clothing sale or an upgraded tech product release, you will save money for those things that you actually need rather than want.

4. Explore Avenues for Additional Revenue

While a lot of budgeting tips focus on how to save the money you have, you should also consider ways of increasing the money you get.

Take a look at side hustles that could earn you money, or use conversion optimization to improve the success of your existing business. Bringing in a little extra cash can go a long way when it comes to saving money.

5. Make Saving Money Automatic

If some of the money from your paycheck goes directly to your savings account it is far less likely that you will spend it. So set up an automatic transfer today. Even if it’s just 5% of your paycheck, it will add up!

6. Hide Your Savings

If you want to keep growing your savings rather than depleting it, the best thing you can do is keep it out of your sight.

Consider keeping your savings account unlinked from any of your other accounts. This way you won’t see that number every time you check your bank statement and you will be less tempted to spend it.

7. Give Yourself an Allowance

It is unrealistic to think that you won’t spend any money on having fun. But you can do this responsibly by setting aside a modest amount of money each week to spend on non-necessities like going out to eat or buying a new outfit.

Budgeting Tips for a Fruitful Future

With these budgeting tips, you can start making progress toward paying off debt or saving for the future.

Small changes amount to big changes which result in more money in your pocket. Adopt a few of these habits at a time and track how much you save! The success will motivate you to continue your good habits.

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