15 Basic Money Saving Tips

4. Figure Out Where Money is Spent

It would surprise many to learn that there are a large number of consumers who actually don’t know where they spend their money. Once the bills are paid, they focus on using the remainder of their money for the pay cycle on going out and other items that are not necessarily required. There are a variety of methods to do this. Some consumers swear by various mobile apps that are out there to track spending, while others insist on keeping records via pen and paper or via check register. No matter what your preferred method is, knowing that you have to figure out where you spend money is half the battle. Small purchases will add up over the course of the month or year and are a perfect place to free up some capitol.