Last year I was in big financial trouble. I had a good job, and I learned a good amount. I was single and had no obligations or responsibilities. I lived in a lavish apartment and spent like a queen.

Troubles began when my spending habits started getting out of my hands. I started splurging, and it never occurred to me to save for the future. I would buy all the nice shiny things.

Then I lost my job on one fateful day. It was shocking, but post-COVID, they were shutting a few departments and mine didn’t make it. We had six months’ worth of compensation.

I was disappointed but not worried. With my expertise and knowledge, I was sure I would get a new job in no time. I never thought of saving. Instead, I spent my first few weeks travelling.

When I came back, I started looking for jobs, and as you can understand, I didn’t find any. It turns out most companies were shutting down my department. I had spent 60% of my money on travel.

Soon, I was on the verge of being broke and finally came the time when I needed to get a same day loan for unemployed to pay my rent. It was a huge wake-up call. I started saving. I had no other options.

Tips to Save Money like an Expert

Today I am back to working, sharing my tips which helped me save a lot of money. I am kind of a pro at saving today. In addition, if you want to be one too, well, come on ahead and read the entire blog.

My tips will be helpful.

Need to Save

One of the most important parts of having money in your account and building a solid foundation for your financial future is saving money. Saving money gives makes you the emergency proof in terms of money.

You can deal with the uncertainty of life in a little better way if you have enough cash in your reach. Good wealth allows you to live a more satisfying life to live according to your own comfort.

Forget emergencies. Even for small happiness like thanksgiving or Christmas, you can buy good things for your loved ones and yourself. Did you know many people apply for Christmas loans for bad credit direct lender?

Festivities and celebrations require a lot of joy and a lot of cash. Putting money away in a bank or safe deposit box in a planned and disciplined manner will allow you to save plenty.

Money is important in every aspect, from birth to death and saving. Saving money will assist you and your family have a great life and happiness.

Maintain a record of your expenses

Keep a daily record of your every small or big spending for the entire month. If possible, find a simple way to keep track of your spending, like using apps or software or keeping all the bills neatly stacked in a file.

Keep a notebook handy if forgetful, and jot down your spending right when you pay to keep track. If you keep track of your spending, you’d be surprised how much money you could have saved if you didn’t buy those useless things at the store or supermarket.

Small spending every day makes a big loss of money in the end.

Earn to Save and not spend

You must earn to save, first and foremost. Saving money is like paying yourself. You must save the amount you have decided on and then manage all the expenses in the remaining amount.

If you can accomplish this, you’ll see that you have built yourself a road to financial independence. If you are uncertain and cannot decide the amount to save, use this method.

There is a very popular 50/30/20 saving method. This means that 50% of your payment will come into use to pay for the necessities like rent, bills, food, your monthly instalment etc., and 30% for fun and recreation and 20% must be saved for your future self.

If you can minimise your fun activities, you can modify the ratios and save even more. The savings are your insurance for future emergencies.

Compare Prices Before Buying

You may compare the prices before buying anything. It might sound tedious, and you might think saving a few bucks would not make much of a difference; that is where you are wrong.

Even a tiny amount saved each time you buy something can pile up quickly, and over a year, you will see a big saving in your account.

Food buying is one of the most expensive activities, and you can try to limit that as well by being frugal. Try to save money on restaurants and takeouts. I prefer to buy groceries and cook at home.

Debt that would not go away

You must have a plan to pay off all the pending credit card bills as soon as possible. Talk to your financial advisor; try to make your interest minimum by switching to low-interest options. Don’t just pay off the minimum but set a larger amount every month.

I suggest you minimise credit card use and spend only with cash. Credit money is not yours, and you will have to make the payments, which also include particular interest rate.

Avoiding temptations

In recent years, online shopping has increased. Most of which are useless. It happens because the browsers show ads, and these may be tempting.

I will give you a pro tip to avoid the temptation, use a private browser or incognito mode for shopping. This way, the online stores would not be able to track your history, and you will not get those annoying, money-sucking ads.

Remember why you went to the store in physical stores, but only that. Don’t buy anything else that you think you might need in future.

Reduce your fuel costs

Making modest improvements might help you save money on fuel uses. If possible, use public transport. It will save you a lot of money.

Use the private car for family outings only. Check your engine and tyres room from time to time to make sure that your car is not eating up the fuel.

It is payday, not spending day

Most people spend the major part of their pay on the day of payment. Yes, some of it is important, like rent, but you can avoid some, like partying on the payday.

Before spending, make a list of your most important outgoings and set aside some money for savings.

Start a savings account and forget it for some time

Put money into an investment account to save for larger expenditures. You won’t be able to withdraw the money whenever you want because it has to stay in the account for a certain amount of time. In addition, most investment accounts pay higher interest than savings accounts.

Cancel any subscriptions that aren’t necessary.

We have all been there. Whether there are fitness apps, online streaming services, or magazine subscriptions, examine your transactions and compile a list of all the subscription services you are paying for.

Do you have any that you don’t use? Start by chopping them. Then look at the ones you do use and analyse if there are some that you might do without.


You’d be shocked how much money you could have saved if you didn’t buy those pointless items at the store if you keep track of your spending. A small amount saved each time you buy something can rapidly add up, and you’ll see significant savings in your account over a year.

Spend only with cash and avoid using credit cards. When shopping, use a private browser or incognito mode. If possible, take public transportation to save money.

Make a note of your major expenses and set aside some funds for savings.


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