Top 6 Simple Ways to Start Saving Money


Saving money needs a simple yet planned approach. If you are having a cash crunch often, then it is high time that you need to start saving and plan your finances. Managing your personal finance is the first step you take towards a financially secured future, for that you need to take every financial decision with proper planning.

Here are the top 6 tips to start initiating your savings and take a step towards a secure future.

Start with a Piggy Bank

It is just a myth that you need a lot of money to start saving. Initially, you can start with a little amount as well. If saving daily and maintaining a bank account is a problem and headache for you start saving with a piggy bank.

It might sound childish, but if you can save a little amount daily in your piggy bank, you can accumulate good money which you can deposit later in your bank account. Your small daily savings can build a significant amount that can be used in the financial crisis as well.

Savings Account

These days various banks are now offering different savings accounts specially designed to save money with different interest schemes that you can opt for. Opening a savings account can be the first big step for you towards managing your finances. You can save daily in your piggy bank and every few months, you can deposit all your savings to your bank account.

If you are a salaried person, try to keep a little portion of your salary every month in your savings account. It will be better if you can save money every month and try to cut down your unnecessary expenses.

Cut Down Unnecessary Expenses

The best way to cut down your monthly expenses is to prepare a proper budget for every month, fifteen days or a week. By making a budget you can instantly check whether you are making any unnecessary expenses every month and decide whether it is important for you or not. While preparing a budget you need to prioritize your expenses.

While making a budget keep the savings amount on priority, first keep aside the amount you want to save in a month, and then in the remaining amount plan your other expenses.


Clear All Your Bills on Time

There are many bills that you need to pay every month like rent, electricity and water bills, grocery bills, insurance premiums, college or school fees. If you clear all your bills on time, then you save interest or penalty charges on any delay of bills.

Avoid Credit Card and Use Debit Card

A credit card is always beneficial, but if you are planning to save money, then it is better to avoid the use of a credit card as much as possible for a few months. It is because, when you pay through your credit card, you unintentionally have expenses that you do not need to.

On the other hand, a debit card can be a good choice as it has a limited amount to spend and you have to keep your expenses within that limit. Moreover, credit card usage can attract interest and late payment charges which can be an extra burden on your expense. To limit your monthly expenses, this is why it is always better to use a debit card instead of a credit card.

Use Coupons and Compare Prices

Many websites offer different types of discount coupons for doing online shopping. While ordering food or groceries try to use these coupons and help yourself save a good amount of money. You have already done this before, haven’t you?


Saving money is a good habit that you have to practice. You can start with a simple step that is its planning and then execution. You do not need to be an expert financial planner to plan your finances, it only required simple planning and a little bit of dedication and that’s all you need.

Read: Top 8 Tips for Stylish and Minimalist Home Decor

Top 6 Simple Ways to Start Saving Money
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Top 6 Simple Ways to Start Saving Money
One of the biggest excuses is not knowing any effective money-saving techniques. Here are the top six simple ways to start saving money
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