Saving money is hard, actually the hardest thing when trying to save money is actually the “start”. You might not be even aware of it, but there are tons of ways you can save a small amount of money on. These things eventually add up and you end up your year with a big, fat plus.

So, what are some easy money saving plans? Well, honestly, there are some online guides which cost money to begin with, and if you are planning to spend money on a guide for saving money, you started it wrong. And if you have a company, you might need about cutting your costs down. That is why I am going to give you a step-by-step guide that is realistic and doable. Let’s start.

Easy money saving plans

As I’ve said before, there are tons of plans online, some are paid, some are free. As far as logic goes, if you are trying to save money, go for the free ones.

Have you ever heard of “52 Weeks Challenge”?

You might have come across this one a few times and it sounds pretty cool, I have got to try it myself. It requires no knowledge and no work. All you have to do is put literally $1 in a jar on Monday on the first of challenge and then up it by another dollar each consecutive week. By the end of your challenge, you should have saved up around $1,378 at the end of the year. That is a whopping amount of money without lifting an arm.

Set up a new savings accounts

This one requires a bit of walking or driving around, but it’s one of the best as far as I can tell.

First, open up a new savings account at your bank of choice, but don’t even try to set up online access or get a debit card. Why? You need to remove the temptation from the equation. Next, you should set it up on automatic transfer that it pulls in money from your current account. The amount of money is your choice, it can be $25, $50, $100, $200, etc., you are the one that is deciding here. Again, at the end of the year, you should have left some nice hefty sum for that new TV you have been keeping your eye on.

“Track Your Expenses” challenge

Sure, this one might sound funny, if not ridiculous, but hear me out. If you don’t know on what you are spending your money, how can you save it in that case?

After a week or so, you will start to double, if not triple-think do you really need this item. Basically, you are collecting information on your spending habits and if you can track them, you can control them. That is the whole point of this challenge.

Make a budget

Since you tracked down all the pesky expenses in a month, you should have a pretty solid idea of your habits. Using this information, you can build your own budget. You should also limit any overspending and if you have any surplus at the end of the month, put the money away in an emergency savings fund.

Try the “No Spend” challenge

The “No Spend” challenge is quite similar to “Track Your Expenses” challenge as you are trying to collect as many pieces of information as possible and control your spending behavior.

This one can be fun and hard at same time. Basically, you are allowed to spend your money only on the necessities such as rent, mortgage, food, utilities, etc. In the end, your goal is to stay away from bad spending behaviour such as eating out, shopping things that are not needed. Here is a great quote by Dave Ramsey

“We buy things we don’t need with money we don’t have to impress people we don’t like.”

Of course, this does not mean that you should isolate yourself and live as frugally as possible, but the goal is to cut down on things you don’t need.

Now that I wrote some easy money saving plans for you to try out, you should learn how to make a budgeting plan for saving money.

Some other easy money saving ideas for you to try out.

Set savings goals

Setting your initial saving goals can be a tremendous task, but once you get started, everything will become so much easier. You should start with some short-term goals.

  • Saving for a new car
  • Saving for retirement
  • Save money for a vacation
  • Start an emergency fund
  • Savings for a down payment on a house
  • Savings to pay taxes in the future

Final word

As you can see from this post, the hardest part is getting started. Every change in your life, and especially as big as saving money is hard, but changes are always welcome and you should aim to make regular changes.

Of course, you won’t be able to try every single thing from this list, but you should, at least, give it some thought. You can always track your expenses and see where you end up.

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