While today’s society has become relatively even more progressive and richer than it was before, there are just some things that most people can’t really get the hang of. One of these things is making the habit of saving more. While most people have become “richer” in terms of their earnings if compared to those who probably lived a decade or two ago, still the goal to save more of these earnings have become even more difficult as the standard of living also improves.
But in essence, it is up to the people to actually have the right motivation to save more and make their money count. But it is not always something that people can do on their own if they so wish, considering that they have already grown accustomed to some of the more common excesses of the current lifestyle. In such cases, people can also try to make use of today’s technology and advances to help “force” them to save more. Here are just some of those money saving tips anyone can follow.
Automate Bills Payment
With people now having to deal with paying a number of monthly bills regularly, it can be easy to forget one in the process which may sometimes cost one some added charges for late payments. This charges and penalty payments can be money that should be saved instead. And so one way people may be able to save more is by eliminating those penalty costs and late charges on monthly bills.
One way that will help people put forgetfulness out of the equation when it comes to paying monthly bills is by trying to automate it. People can have their banks handle the job of paying the bills out of their savings or checking accounts. This will help you to always get updated when paying those monthly bills and never have to worry about having to pay penalty charges for late payments. But one must also make sure that the account where the bills will be paid from should always have enough funds to do so.
Automate Your Savings
If you are the type of person who doesn’t have the habit of saving money, then you can try to “force” yourself to become one. One way that this can be done is by trying to automate your savings each month. You can instruct your bank to transfer a certain amount from your paycheck into another savings or investment account. This will help make saving money more convenient for you since you don’t have to struggle with decisions of having to either spend it or save it. This way, you already have money set aside before you ever have the chance to spend it.
Create A Budget The New Way
Some people find it difficult to save sometimes because they do not follow a budget for spending money. And some don’t have a budget to follow because they just don’t know or have the time to spend making it. In such cases, technology might help some people in making one.
Creating a budget by scratch takes time. People no longer have to use a pen and paper to make a budget when there are now online tools and smartphone apps available. People can try using Mint.com, a free budgeting tool online that helps people establish budgeting goals as well as help keep track of spending. For those who wish to have such a tool always ready for them, there’s the iWallet iPhone app that people may be able to use. It is a paid app ($ 3) that works as a mobile budget, income and expense tracker, making it a useful tool for busy people always on the go.
Personal Finance – GuideTo.Com