Simple Steps in Saving Money

Saving money doesn't have to be an unreachable dream. Check out some practical steps to help you stop living from paycheck to paycheck.

• Set saving goals. Figure out what you need to save for, how much and how long you need to save ( could be short term or long term). Set an attainable time frame or you might get discouraged.

• Figure out how much you'll have to save per paycheck or per month. Total your savings goals. Can you afford to save that much for each period? Make sure your saving is your priority and not a leftover consideration.

• Keep a record of your expenses. Write down all your expenses on a given period and assess them. Think about your priorities, and make cuts that you can live with.

• Reassess your savings goals. If you really can't fit in your savings goals into your budget, check the goals and cut out the less important goals or adjust the time frame.

• Make a budget and stick to it. Now that you've managed your income with your savings goals and your spending, write down a budget you can live with. try to leave room for unexpected expenses.