How to Save Money

Saving money begins with your mindset. Try to avoid thinking about saving techniques as restrictive. At Atlas Financial we call it simple budgeting because saving doesn’t mean you quit spending altogether but it necessary to reach financial freedom. Here's how we do it.

Get serious about a budget:

Ready to get started? We recommend the 50-30-20 budget for smart money management. Devote 50% of your income to necessities, 30% to wants and 20% to savings. If you find one of your allocations exceeds these percentages, make some adjustments to fit the formula.

Daily money-saving tips:

Simple tweaks to your daily routine can yield small savings that add up over time.

1. Use an automated tool: Find an app or bank account that takes the work out of saving.

2. Prep for grocery shopping: A little work before you go to the grocery store can go a long way.

3. Get discounts on entertainment: Take advantage of all things free!

4. Restrict online shopping: Make it more difficult to shop online.

5. Order smaller servings at restaurants: Your life doesn’t have to suffer for you to save money, but when you dine out, stick to your budget.

Monthly money-saving tips:

Lowering recurring payments may require extra time and work, but the results can make the effort worthwhile. Saving $40 per month by changing your cable package or $50 per month by refinancing your car loan are just a few ways to save on monthly expenses.

Long-term money-saving tips:

Saving over the long term by building a emergency fund. That dream vacation doesn’t just happen over night. It requires planning and discipline. Learn how to set goals, track spending and save on your biggest expenses.