Ten Secrets You Should Know for Saving for Your Future

Ten Secrets You Should Know for Saving for Your Future


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Understand You Cash Flow

So, you want more money to save for the future? Can you do this without understanding your current spending patterns and habits? Definitely not.

Check your spending weekly instead of monthly because it’s so much easier to keep your spending under control. This is better than being shocked by your balance at the end of the month.

Limit Monthly Bills

The less money you have to pay out at the start/end of the month, the more you can save. You’re also more prepared for emergencies that may occur during that month.

Keep Records!

The best way to keep an eye on your spending is to keep a record. This should be both big and small expenses. Did an expensive coffee tempt you? Make a note. Even small purchases add up by the end of the week. You can keep track of your spending by downloading an app, or you could just do it the old-fashioned way, and write it down.

Shop with A Plan

I cannot stress this one enough. Never go shopping (food or other) without a list. You’re much less likely to stray from the list this way.

Have Separate Accounts

Having an account just for bills is a good way to keep up with them. You should always try to have a month or two paid in advance. This will come in handy should you ever have a financial emergency. This account will be handy for setting up direct debits too making it so much easier to track your bills.

Meal Plan

It shouldn’t matter what type of salary you’re on. Meal planning is great for so many reasons, but one of the most obvious is that it saves you money.

Needs and Wants

This one seems simple, but it’s one of the most important tips- always ask yourself if you need or want something you intend to purchase. While it’s important to treat yourself sometimes, it’s also important to save your money where you can.

Plan for Spontaneity

I know it sounds conflicting but hear me out. If you have a certain amount put aside for leisure then the less likely you are to over spend this amount. You’re basically protecting your savings account by providing an outlet for any spur-of-the-moment decision you may make.

Lunch Anyone?

One of the worst things you can do while saving is to eat out more than once a week. Think about it. If you buy a sandwich at €5.95 every day, that adds up to €29.75 per week and €119 per month.

If you take anything away from this, make sure to just think before you spend your money. Think about your money in the long term rather than the short term. Planning how you spend and save could really pay off in the future. If you’d like to take the next step and plan a budget, take a look at this post. Happy saving!


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