Being mindful about money is more of a trait than a technique. You have to build a mindset about saving money. Especially if you didn’t learn about saving money during your childhood, then adapting to saving-money-mindset can become tough and sometimes even irritating.

Saving More – Easy and Effective Ways To Save More Money

Being mindful about money is more of a trait than a technique. You have to build a mindset about saving money. Especially if you didn’t learn about saving money during your childhood, then adapting to saving-money-mindset can become tough and sometimes even irritating.

The hardest step of saving money is getting started. Once you start the process and commit to it, everything will fall into place. This article is here to help and will provide you with a comprehensive guide to save more money than you regularly do. You will learn how you can develop a realistic and simple money-saving strategy for your pocket.

Saving money
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1.      Build a money-mindset 

Money mindset is about training your mind to think ahead about earning, saving, and investing. This is the very basis of saving more money. While every penny count, but just skimping through your grocery cart isn’t going to cut the chase to saving money.

Your goal should not just be to just save money. There should be a clear target in your mind. An investment goal. How much you want to save and where will you invest it. Keeping money idol isn’t the best idea. And I wouldn’t recommend it because it doesn’t make sense. You should invest your money somewhere so that it doesn’t lose its worth.

We all know, the value of money is continuously going up. It’s not coming down ever. So, if you save a 100 and keep it in a safe, it is going to devalue it. But, if you invest it in shares, gold, foreign currency, etc, your money will grow.

Do not limit yourself based on fear of failure. Develop the money mindset, do your research, and trust the process.

2.      Record your Spending

I have heard people say, “I earn to spend”. Well yes, you should treat yourself for your hard work. But the sole purpose of your earnings shouldn’t be spending. This mentality is one of the biggest reasons people fail to save money.

Keep a track of your spending. By that, I mean even the petty detail. Like your coffee, household item, cash tips, and day-to-day expenses. We think it’s the shopping hauls that get us into trouble. However, sometimes it’s the little things that hurt our saving capacity. Keeping a close check on your spending will educate you about your spending trends. Where and when you spend and areas that hold a saving opportunity.

Once you accumulate all the data. Then take your time and analyze it. You will be shocked to see your percentile of spending as compared to your earnings and savings. This will also make you more aware of your spending.

Here is a free Expense Recording Worksheet. 

There are so many apps and trackers available to help you get started.


3.      Make a budget

Once you gain a clear idea about your spending, you can start to work on your budget. The purpose of your budget should be to limit your expense and encourage savings.

To create a budget, you need to follow these steps:

1. Identify your after-tax income

Your after-tax income is what you get in hand after deductions of tax. If you get a pay-check, then that is probably it for you. However, if you receive a bank-to-bank transfer then you will have to ask your bank to deduct the taxes so that you can get your after-tax income.

2. Track your spending and organize them

There are several ways you can track your spending. The most common is to note down your expenses whenever you make them. At the end of the month, cross-check with your account statements to see your recurring and day-to-day expenses. You can use expense trackers to keep everything automated and updated.

3. Set a goal

To set a budgeting goal you must stay realistic and sort it out within your reach. Your goal should be SMART. By that I mean your goal should be Specific, Measurable, Achievable, Realistic, and Timely. Once you set your budgeting goal, then you can move towards the next step of picking a budgeting plan.


4. Pick a budgeting plan

There are multiple personal budget plans that you can use as per your requirements. According to me, there are three that works the best, especially for personal or household budgeting plan.

      1. The Balanced Money Formula.

The basic idea of this plan is to spend money in a percentile manner and allocate that to your expenses and savings. This plan is also known as the 50-30-20 rule. %0 percent of your income should be allocated to your needs, 30 percent on wants, and the remaining 20 percent on savings.

2. Envelope Budgeting method

It is a cash-only method where you use only the cash to develop your budget. As the name suggests, you need to put the cash in the specific envelopes allocated to each expense category. For example, if you have 500 in your bank account, you will withdraw that money and divide it into your expenses and savings. Like a 100 will go into groceries envelope, 50 to savings, another 50 for bills, so on and so forth.

This method is especially good for people who deal with overspending. As once you empty the envelope you cannot get more. So, allocate your money wisely and according to your needs. Over allocating will kill the purpose of saving the money. And under allocating will demotivate you.

3. Zero-Based Budget

The zero-based method is also called “give every penny a job”.  The concept of this method is that your income minus your expenses should always equal zero.

I know this sounds absurd! But this doesn’t mean that you literally spend all your money. What you are essentially doing is planning and allocating money to different accounts or categories so that your current account balance is zero at the end.

Either you pay your bills, or invest, or save in a savings account. You are putting every penny into a particular job.

4. Get Started

Once you choose your budgeting method, you can get started. I have included a monthly budget free worksheet for you to get started.

It may time a while to figure out what might be the best for you and how to make an effective budget. But you will learn from your experience and it wouldn’t take long to find what fits best for your needs and serves your goal the best.


4.      Automatic savings

Through an automatic savings plan, you can set a portion of your income to be deposited in your savings bank account every time you receive an income. There are multiple options you can choose from. Either you want to save monthly, bi-monthly, or weekly. The percentile, savings-cap, all are in your hand to decide what your goal is for your savings.

This way, you don’t have to manually deposit the savings fund to your bank account. The process is done automatically. Your bank can help you figure out the procedure with the savings account.

These days another automatic saving that is trending is savings apps like Acorn, SavingStar, and PocketGuard. All you have to do is connect your debit or credit card with these apps. Whenever you shop through your cards, the change will be automatically be deposited in your savings account. You can set the level you would prefer for savings. It is extremely easy to monitor and helps build small savings without much effort.


5.      Focus on recurring expenses

A recurring expense is the one that occurs repeatedly over time. These expenses can be big or small like your rent or your Netflix subscription. Either way, there is a set amount of money that will be spent on these expenses.

By focusing on your recurring expenses, you can decide which ones are necessary and which ones you can do without. Basically, you are filtering these expenses in terms of priority and usability. If you reduce a recurring expense by switching to a different deal or platform then it would optimize your savings.


6.      Control impulse purchases to protect your savings

Impulse buying is actually really common. Most people struggle with it at some or the other level. By purchasing something that is not necessary or needed, you are hurting your chances to save more. Now here’s what you need to do to control your impulse buying decisions.

  1. Stick to your budget
  2. Wait a day or two before actually buying what you are eyeing.
  3. Shop with a plan in mind. It is ideal to make a list and shop for those things only.
  4. Beware of emotional shopping. Never shop when you are under emotional influence
  5. Ask yourself, Do I really need it. Act on the first answer you get.


7.      Bill smoothly

Billing smoothly means planning your billing expenditures in a way that doesn’t hit your account like a big rock. It is an effective way to save more and plan your expenses efficiently.

All you need to do is break your whole bills into smaller installments. Most utility providers offer an installment plan where you can make the payments fortnightly or monthly rather than paying the whole amount in one go.

You can also break the days for billing. So that you don’t have to pay for all the bills in one day or week. Rather spread your bills throughout the month to manage your money more efficiently.


8.      Plan your meals to increase savings

Planning the meals might sound petty but trust me it makes a difference. If you plan your weekly meals before going grocery shopping, you would know what exactly you need for those meals. Rather than buying everything good you see in the store.

Planning your meals will also save you from the hassle of deciding what to cook today. It’s easy, takes hardly 8-10 minutes and you will be good to go. Use this free meal planner to manage your menu for the week.

You can also use different apps to look at the deal, and then you can plan your meals around the things that are on sale.

Always check your pantry and refrigerator before listing the things to get from the grocery store. It is also a good idea to use leftovers. I always use leftovers on the day that we have to go grocery shopping. It not only saves money but it’s also good for the environment.


9.      Look for the best deals and hacks

Deals are the best and there is no shame in buying things that you found on deals and sales. However, you have to keep a close check on what you buy in the deals. Sometimes, an impulse buy can slide in your cart just because it was on sale. If you don’t need it, then don’t buy it. Simple!

There are so many magazines and websites that offer coupons. You can also find apps that provide cash backs and credits. There are also several deals on different brands you can find seasonally.

Hacks are also amazing in getting the job without spending extra money on supplies. There are so many hacks that you can find online or have had hacks that you practice to manage your household tasks. 

10. Invest what you save

Investing is extremely important if you aiming at growing your money. People think they have to invest in property or bigger investing schemes to grow their money. But that’s not the case. There are so many ways you can invest your money.

Buying gold, foreign currency, small shares is also a great way to put your money into action. The investments are small but the yield good over time. If you are not a professional investor that I would suggest opting for fixed or long-term investments. This means that you basically buy a share of gold and then just keep in. With time the value will increase and your money will grow.

I cannot emphasize enough how important it is to put your savings fund into good use. Otherwise, your money will devalue and you will lose more than you saved.



Saving money takes a lot more than you think. You have to commit to saving. It might irritate you at times. But focus on your goal and not the temporary feelings. Once you start saving, your account will grow and you will find yourself more at peace and satisfied than before. That feeling of safety and settlement worth the efforts you will take to develop your savings fund.

Let me know if you have another way to save money and manage your money wisely. I have also included several free worksheets for you to improve your money-saving process.

Bonus: A free day-planner to plan your days in a much organized and synchronized way.