How to Save Money Each Month  [The Basics to Stacking Your Cash]

There will be a moment in your life where you probably wonder how you can start to save money each month consistently. 

How Much Should I Save Each Month?

How much should you save each month? Many financial experts and sources will recommend saving 20% of your income every month. However, the more you can save and invest — the better it will be for your current finances and future financial health.

What You Should Do First

For you to have a clear picture of where your money goes, it’s best to track it all in an easy way. Personally, I think a basic spreadsheet will do just fine.

Track expenses

What You Should Do First

It’s certainly fine to have challenging goals you might not be able to obtain, but also make ones that have much easier levels that you can achieve. Then work your way up from there.

Set realistic savings goals

What You Should Do First

Paying yourself first means the money you make goes to you first in savings or investments. You do this before paying any expenses or making any purchases.

Paying yourself first

The Steps to Saving Money Monthly

The best way to save money monthly on food is cutback going out to eat, meal prep by cooking in bulk for the week and freezing meals, and couponing/paying attention to sale items.

Groceries and Food

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