How to Save, Not Spend

A big issue surrounding managing your personal finance responsibly is saving your money and not impulsively spending it. Instead of spending your hard earned money on things you don’t necessarily need, take a chunk out of every check (no matter the amount) and put it away in a savings account or let it collect interest as it grows. Sounds pretty simple right? Well, its much easier said than done and requires a lot of self discipline and control. However, if you can manage to pull it off without ending up spending the money you’re trying to save, it will help you so much later on in life. Instead of scraping by and living paycheck to paycheck, you’ll have financial stability and security knowing you have that money in the bank in case you ever need it or if an emergency occurs.

Before you can even dream about saving money you must first create a budget and find out where all of your money is going. This doesn’t mean you have to count every penny you spend every day, just sit down and take some time to track your money and decide where it all goes and which bills are more important tha...