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How To Save Money: Saving Money Tips

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By Doing your Accounts regularly Tips

Before trying to save money, it is recommended to record expenses and income in specific software. This allows you to meet your expenses and only takes a few minutes a day. You can do your accounts every week or every month, as you wish.

Accounting saves money

This action allows you to analyse your daily expenses and reduce your unnecessary expenses. This way, you'll be able to take the necessary precautions to spend less money and start saving a lot of money.
By comparing your expenses to your income, you can make a diagnosis of your financial health. This allows you to anticipate each of your cash outflows and to be less stressed by the state of your finances.

Make a statement of your bank account

You can do a statement of your bank account twice a month. The first halfway through the month and the second at the end of every month. By doing this assessment, it will be easier for you to:

  • analyse your monthly expenses;
  • save better for the rest of the month;
  • set an amount to be set aside for the current month.

Money saving and accounting tips

Let's now see in more detail how to benefit from this action! To make a good statement of accounts, it is strongly advised to:

  • set an amount to be saved at the end of each month,
  • determine a monthly budget for your expenses according to the set objective.

This way, when you report on your accounts, you'll clearly see whether you've overspent or not. Thus, you will take the necessary measures that will help save money.
If you overspend, be sure to be careful during the rest of the month by reducing your spending. If you have spent what was necessary compared to your budget, keep this habit!
In the event that the expenses are lower than those planned, keep in mind that there are still fixed expenses from the beginning of the month or the end of the month. These can create an imbalance in your budget management and should not be taken lightly.
If you spent less than planned for the current month, save money by making a transfer to your savings account to avoid spending the money unnecessarily

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Tips to Start saving money

Thre are several tips that can help you save money and manage your money better. Here are our top three tips to start saving money:

First tip: divide your expenses into several envelopes

This is a simple method, but quite practical. Put a special envelope for each monthly expense. Set a specific amount of what you want to spend. Therefore, unnecessary expenses will be eliminated automatically.

Second tip: divide your expenses for the month into 3 distinct categories

This is one of the most common methods when it comes to saving money. The latter helps to better analyze how we spend what we earn every month. To better control your budget, divide your monthly money into 3 categories:

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  • 50% for fixed expenses;
  • 30% for personal expenses;
  • 20% for the savings account.

Tip Three: Start Saving Money

Think long term and establish a good savings strategy. Do not lose sight of the goals you have set for yourself to motivate you to save more by sticking to your savings plan.
Watching your money grow over time makes you feel in control of managing your budget. Saving helps to:

  • carry out your projects, such as buying a house, for example;
  • cope with the unexpected by being financially stable.

It is recommended that you set aside 10% of your income. The amount to save depends on various factors related to your objectives and its constraints and other details such as the presence of debts. Reducing your expenses is essential to save the most money and achieve your goals.

Save money and reduce your Energy Bills tips


Monthly payment of your expenses for electricity, water and gas makes it possible to obtain fixed monthly payments. However, this prevents you from analyzing your consumption and comparing that of each month.

By paying for your previous consumptions instead of your current consumptions, you will not be able to save a lot. On the other hand, paying your bills based on your actual consumption could help you save money effectively.

Here are four practical tips to reduce your expenses.

  • Always turn off your lights.
  • Unplug devices on standby.
  • Prefer off-peak hours for the use of the dishwasher and washing machine.
  • Close the tap when washing hands, teeth or dishes.

These tips will allow you to make significant savings by reducing your water consumption and your electricity bill.

how-to-save-money-saving-money-tips

By Minimising Fixed and Variable expenses

Your monthly rent

If this is one of the elements that inflates your bill for the month, it may be wiser to move and find cheaper accommodation.
After paying your rent, you should still have at least two-thirds of your monthly budget available. If not, you are taking a financial risk and should try to find a more economical solution.

Your daily diet

If you're in the habit of eating out or opting for pre-prepared meals, it's time to change that habit. By cooking your own meals, you can save a lot of money.
You even have the opportunity to bring leftover meals to the office. If, for example, a dish costs €30 in the restaurant, you can cook it at home for only €10!

Your means of transport

Going to work by bike or on foot, for example, will save you money. Public transport is also often more cost effective than using a private vehicle.
Carpooling is yet another way to save money. In addition, the social and ecological side of this action deserves to be considered!

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