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Question: I’m struggling to save money what should I do?
1. Make a budget: Start by tracking your expenses for one month and see where your money is going. From there, you can adjust your spending so that you’re able to save more. 2. Cut back on expenses: Find ways to reduce the amount of money you’re spending. Have a look at your monthly bills and see if you can cut back on any of them or find cheaper alternatives. 3. Automate your saving: Set up an automatic transfer from your main checking account to your savings account on payday. This way, you don’t even have to think about saving and you’re guaranteed to save each month. 4. Start a side hustle: Look for ways you can make money on the side. You might be able to make a little extra cash with freelance work or start an online business. 5. Set financial goals: Decide where you want your money to go and set financial goals. Whether it’s an emergency fund, retirement savings, or a house down payment, having a goal can help you stay motivated and on track with your savings.
Jan. 2, 2023, 10:31 p.m.
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