Easy Ways to Save Money Fast (Even If You’re a Spender)

How to Save Money Fast When You Are a Spender

Being good with money is about more than just making ends meet. Some people are natural-born savers. Others, not so much. Were you born to spend? Saving money won’t come easily, but it’s not impossible. Were here to help you save money fast by budgeting your funds.

Life is much easier when you have good financial skills. How you spend your money impacts your credit score and the amount of debt you end up carrying. If you’re struggling with money management, for example, you’re living paycheck to paycheck despite making more than enough money, here are some tips to improve your financial habits.

How to Manage Your Money Better

When you’re faced with a spending decision, remember that just because the money is there doesn’t mean you can make the buy. You have also to consider the bills and expenses you’ll have to pay before your next payday.

1. Have a Budget

Many people don’t budget because they don’t want to go through what they think will be a boring process of listing out expenses, adding up numbers, and making sure everything lines up. If you’re bad with money, you don’t have room for excuses with budgeting. If all it takes to get your spending on track is a few hours working a budget each month, why wouldn’t you do it?

2. Limit Extra Spending

A critical part of your budget is the net income or the amount of money left after you subtract your expenses from your income. If you have any money left over, you can use it for fun and entertainment, but only up to a certain amount. You can’t go crazy with this money, especially if it’s not a lot of it has to last the entire month. Before you make any big purchases, make sure it won’t interfere with anything else you have planned.

3. Track Your Spending

Small purchases here and there add up quickly, and before you know it, you’ve overspent your budget. Start tracking your spending to discover places where you may be unknowingly overspending. Save your receipts and write your purchases in a spending journal, categorizing them so you can identify areas where you have a hard time keeping your spending in check.

4. Save Up for Big Purchases

The ability to delay gratification will go along way in helping you be better with money. When you put off large purchases, rather than sacrificing more important essentials, you give yourself time to evaluate whether the purchase is necessary and even more time to compare prices. By saving up, you avoid paying interest on the purchase. And if you save rather than skipping bills or obligations, well, you don’t have to deal with the many consequences of missing those bills.

5. Contribute to Savings Regularly

Depositing money into a savings account each month can help you build healthy financial habits. You can even set it up, so the money is automatically transferred from your checking account to your savings account. That way, you don’t have to remember to make the transfer.


In the beginning, you may not be used to planning ahead and putting off purchases until you can afford them. The more you make these habits part of your daily life, the easier it is to manage your money, and the better off you’ll be to save money fast.