Making money last throughout the year is one of the most important things you can do for your finances. After all, if you have an emergency fund, it doesn’t matter how much money you started with — what matters is that you have enough to get through whatever life throws at you. With a solid budget in place and some tricks up your sleeve, however, saving money over the course of months or even years isn’t nearly as challenging as it may seem at first glance.
- Set up a savings account. You can do this online with most banks, or at your local branch. Once you have a savings account set up, make sure to put aside a portion of your income every month and deposit it into that account.
- Don’t spend money on things you don’t need! It’s easy to get caught up in wanting the latest gadget or fashion trend–but if those purchases aren’t absolutely necessary for survival (e.g., food), then they shouldn’t be made at all!
- Don’t buy things unless they’re on sale! If there’s something that catches your eye but seems too expensive right now, wait until it goes on sale before buying it–you’ll save tons of money this way!
Pay Bills Early
- Pay bills early. Not only will you avoid paying late fees, but it’s also a good idea to pay any bills that come in during the month before their due date. That way, if something unexpected comes up and causes delay