Perhaps last year you had a goal of saving money but never followed through. Either way, there's nothing you can do about last years fails so move on to your goals! Sit down and create a realistic goal list. It doesn't have to all be financial, personal gains are helpful for your well being too.
When you first get your check, go ahead and transfer a reasonable amount into savings. It doesn't have to be anything astronomical, something is more than nothing! Calculate how much you need for bills and living expenses and transfer what you can. Even a $10 a week deposit adds up to $520 in savings per year. It might not be much but if you only saved $0.00 in 2016, $520 is a huge step up. For those who know they won't take the time out of their day to do that, sign up for a Chime bank account! Say you make a purchase of $1.11. They will round it up to $2 and place $0.89 into your savings account. You won't even feel it.
Create a budget. If you get a $400 check every week, it's easy to just put it in your bank account and spend it. This isn't going to get you anywhere. The best way to do this is on a monthly calendar. First, fill in all your bills on their due date and the amounts. Next, fill in where you get a paycheck. Write in the amount you're transferring to your savings account on the days when you get your pay check. Deduct all the bills that week from your paycheck and write the number out to the right hand side of your calendar. That's what you have left. Of course you need to bare in mind unexpected expenses and not spend every available dollar. Keep what you can in your bank account. Do you really need that purse? Probably not. Do you really need another pair of shoes? Again, probably not. Be sensible about your spending.
Hide your credit cards! The less debt you have, the better. You are your credit card companies paycheck. The higher balances you carry with interest rates, the more money in their pocket. They love when you only pay the minimum each month. If you've ever calculated how long it will take you to pay off a credit card only paying the minimum, you know that you can be paying off some of your cards for 10 years! That's a lot of interest. That means whatever you bought for $2,000....you may have paid double that by the time you've payed it off with minimum payments + interest. Don't be this person. You will be kicking yourself when you realize that your $2000 couch cost you $4000.
Follow our blog! We post plenty of money saving tips. By following our guides you will at least save yourself a few hundred per year. Of course these things are easier if you have company so share with your friends! Happy savings!