Making the most of your financial resources is smart both in the short term and the long run.
Start saving
Saving money as you go means you’ll have more when you need it, and creates good habits that will soon become second nature.
- Make a budget to track funds coming in and expenses going out.
- For all new purchases, comparison shop. Look online to see if there are better prices for what you need.
- Focus on experience over dollars. Instead of pouring cash into expensive restaurants, consider cheaper activities that emphasize time with friends.
- Put money into your savings account whenever possible.
Spending tracker
A spending tracker allows you to categorize your spending to see where your money is going. It’s a good way to prioritize your spending for the things you need and the things you don’t, so you can put some money away in your savings account each month.
Here’s a list of some popular trackers: