Sometimes the hardest thing about saving is just getting started. This guide on how to budget and save money can help you develop a simple and realistic strategy that meets your needs.
Search for free activities
Use resources, such as community event listings, to find free or low-cost entertainment.
Review recurring charges
Cancel subscriptions and memberships you don’t use—especially if they renew automatically.
Cook your meals
Plan to eat most of your meals at home, and research local restaurant deals for nights that you want to treat yourself.
Wait before you buy
When tempted by a nonessential purchase, wait a few days. You may realize the item was something you wanted rather than needed—and you can develop a plan to save for it.
What kinds of savings goals should I set?
Use goals to make saving meaningful. Working toward specific goals can be one of the most effective ways to save money because it puts a reward or accomplishment in sight. Start by thinking about what you might want to save for—both in the short term (one to three years) and the long term (four or more years). Then estimate how much money you’ll need and how long it might take you to save it.
