In advance of my sabbatical year, my wife and I are trying to save money. There are many ways to do this. One practical way is talk to other people and read up all you can on the subject.
Sometimes, increasing your income in order to save more simply isn’t possible. Usually, it will take a while before you’re able obtain a higher income. Additional education or work experience is often the criteria, as well as expanding your business networks.
Nevertheless, there are small ways that everyone can save. Making a budget is important so that you can account for when and where money is coming in and out of your bank account. Limiting the amount of money you spend eating out also helps.
If you are serious about saving money, you can rethink how you enjoy your vacations. This March Break I plan on tapping maple syrup on some family land. Camping, or enjoying a “stay-cation” are excellent ways to pinch your pennies and make your money go further, so that you can stash up some on the side.
Coupon-cutting and reflecting about big purchases assists in weeding out impulse buying. Writing out why you would like to make a certain costly purchase aids in processing whether it is necessary, or could be delayed. Evaluate the cons of making that purchase… we live in such a materialistic society. More unnecessary clutter = not a good thing.