Skip to Content

The Secret To Saving Money

how to budget money on low income hand holding coins Middle Class Dad

Saving money is seen as this massive thing that only the rich can do. It’s looked upon as something rare and out of reach. I only say this because I’ve heard so many of my friends or family talk about how they wish they could save more money. They tried saving, but they just couldn’t keep it up. 

Obviously, I appreciate there are people out there in tough positions.

If you’re struggling to live on your paycheck, then saving is out of the question. Instead, you need to focus all of your efforts on making more money and gaining some financial stability. 

But, if you do want to save money, then it’s a lot easier than you think. Often, you can find money in places that you didn’t think to look.

There’s no secret formula for saving money, it’s about living frugally and spending less than you earn, but here’s what you can do to start putting more money away in a savings fund: 

Lower your monthly bills

Firstly, focus on payments that leave your accounts every month.

This usually relates to your bills. No matter what bill we’re talking about, I bet there’s a way to make it cheaper. Energy bills can be reduced by being more efficient and eco-friendly. Water bills can be reduced by not leaving the tap on when you brush your teeth – or by taking shorter showers.

Phone bills can be reduced by assessing how much you pay and downgrading to a cheaper plan that still offers enough for you to get by. All of this means you now have extra money free to put away. You survived without it, so you don’t need to spend it.

Put this in a savings account and keep it safe. 

Spend money to save money


No, I’m perfectly serious. Sometimes, you need to spend money to save money.

Usually, this comes in the form of investments. Let’s look at the idea above – you want to lower your energy bills. One way to do this is by contacting a company like Paradigm Roofing to come and fix a few holes or cracks in your roof.

Pay for new insulation while you’re at it, and you will end up saving money. How? Because your roof is now set up to trap heat in your home and prevent it from escaping. Thus, your heating system doesn’t have to work as hard, and it’s on a lower setting. 

What I’m trying to say is that you shouldn’t be afraid to spend money if it leads to long-term savings. 

Switch to non-branded products

It’s the oldest trick it the book, yet one that most people avoid doing.

I know you love branded products. But, you can save a fortune on your regular expenses by switching to non-branded items. Take your food shop, for example. If you bought all of the store-branded items instead of branded ones, then your entire trolley would probably be around half as expensive.

The same goes for clothes – non-branded items can sometimes be just as good but way cheaper. 

See, it’s not rocket science! Saving money can be achieved if you look at your finances and figure out where to save. 

Jeff Campbell