Start Early To Save More Money

Start Early to Save More Money

Everyone should have a plan in place to save more of every dollar you earn. When you start earlier in your life to save, you can create habits to find the best ways to save more money. Saving money should be a top financial priority for everyone -whether you need to start an emergency fund, save for retirement, or save for a big purchase. Why is it often so hard for people to save? Unfortunately, saving is generally an afterthought for most people, especially if you don’t understand your current spending habits or have goals in place. However, there are tools out there to help make saving money a habit, and pretty soon you won’t even know how much you’re saving until you see how big your savings account has grown.

“If saving money is wrong, I don’t want to be right!” ~William Shatner

Create Habits to Save More Every Day

There are some easy habits to start now that can help you save money.  The best ways to start are to set goals and start living below your means. When you set goals, you will identify how much you want to save every week or month. Goals also help you see what you are saving for, whether it’s an emergency, retirement, college fund for your kids, or even a vacation or new car. In addition to goals, you also need to start living below you means. If you are constantly spending more than you earn every month, you will quickly end up in over your head with more bills and not enough income to support your lifestyle.

Ways to Help You Save More

There are some great ways that can help you start saving today:

Tools to Save More
  1. Live below your means. If you are constantly spending more than you make, you will never be prepared for life’s unexpected events, and never be able to save and be financially independent.
  2. Set goals. Without goals, you won’t know how much to save every week, month, year. Identify how much you want in your emergency fund or dream vacation fund or just an amount to put towards savings every month.
  3. Pay yourself first. Make sure you have part of your budget allocated to savings.
  4. Automatically fund a savings account. Open a savings account that is dedicated to one of your goals and have a portion of every paycheck automatically fund that account.
  5. Track your expenses. If you have a good understanding of where your money is going, you can find ways to reduce your expenses and save even more. offers a free tool to track your expenses, as well as put a budget together.

In order to develop a good habit of saving money, you need motivation and self-discipline. However, just like starting any new habit, starting small will make it easier. If you just start saving $10 or $20 of every paycheck automatically, you will start to see progress. If you get a raise, bonus, or save money on a large expense, put it in the bank. Remember that all the effort you make now, will pay off in the end. Good habits yield awesome results. What habits have you implemented in your life to help you save more?

“Saving requires us to not get things now so that we can get bigger ones later.” ~Jean Chatzky

7 thoughts on “Start Early To Save More Money

  1. I agree with you that is the best way to save money and that is to start saving early, the thing that person’s need is discipline, knowing when to say no. If we were to look at the average working person it would not be a surprise to find out that they don’t even have a savings account. It is just a matter of seeing the importance of saving and then doing just that. Your post is well detailed and also thanks for the tips on how to save.

    1. Discipline is definitely a key trait to have when it comes to spending less and saving more. I agree, you need to learn to say “no” to others and yourself. Most people don’t realize how important saving money is until you need it most. Thank you for stopping by!

  2. What a great post. It’s so true what you say about saving a little here and there – it all builds up. And we always live off what we have – ie. its easy to spend more money when we have more – because we can! But its surprising how easy it is to adjust to having a lot less.

    Living below your means is a great mantra and will definitely pay off in the long term.

    1. Hi Louise – Yes, your savings definitely builds up when you start saving a little here and there. You often don’t realize how much until you do it! I agree, once you start saving and living on less, it does become surprisingly easy. Thanks for stopping by and reading!

  3. I found the best way to save was to have a portion of your pay automatically transferred to a savings account, that way it was happening every fortnight and I didn’t have to think about it as it was something to just set & forget.

    This worked well as the savings piled up over time and we could take that special holiday we wanted, this was such an easy thing to do.

    What did help was we managed to reduce our living expenses by getting solar panels for instance and other things, so this helped make a difference in our savings too.

    1. I love that you found a way to “set it and forget it” – it’s a great way to start a savings habit, and you got to go on a special holiday too. Way to go! It’s amazing how much even small reductions in living expenses can add up over time. It helps you save without noticing a difference in your lifestyle. Thanks for stopping by!

  4. Hi Jen: love your site and your insight! I wish I had followed these tips when I was young, but now I am getting older and look back and realize that I should have been more frugal and long thinking. Time goes by very fast and I always thought that I would get around to it! Well I didn’t and now I have to live below my means just to stay afloat. That is part of the reason that I am blogging now, in hopes that I will be able to provide for myself in the future.
    Btw, I really like how you have your about you in the side bar, Im going to do that with mine.
    I like the layout of your site and the content, thanks for sharing!

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