Learning how to save money (a meaningful amount each month) can be a challenge. From negotiating your bills down, to sharing memberships and logins, buying used gear, packing a lunch, buying in bulk, and more, here are the best ways to save money each month.
Stop me if you’ve ever been in this situation before… wondering how to save money and build real wealth.
You’re at the kitchen table with a stack of bills next to you, armed nothing with a pen and a calculator, you attempt to make sense out of last month’s finances. Much to your chagrin though, you find out that after taking all the expenses into account, you’re not left with much money.
You need to learn how to save money—more money so that you’re actually feeling the impact in your bank account.
So, you pull out that expenses spreadsheet again and start seeing where you can start cutting costs and begin looking for clever ways to save money in your budget each month.
Well, first and foremost… know that you’re not alone. This situation of needing to learn how to save money, is one that millions of people around the world find themselves in every single day.
As an entrepreneur, especially if you’re bootstrapping your business idea or starting a blog you hope to grow into a full-time business, it’s a constant battle to keep your finances in order. To find that right balance between investing enough money into your business so it actually grows, while still having enough money left over so you can pay your rent, buy groceries, and stay afloat.
As I mentioned earlier, the instinctual reaction to financial woes is to simply start cutting things out of your life. Which usually means taking a pass on that coffee in the morning, staying in for dinner, or making the choice to start cutting your own hair.