“When your budget is tight, one random expense has a huge impact because it’s harder to come up with the money. Finding a way to start saving money so that unexpected expenses aren’t so devastating may not be easy. But shifting your thought patterns can yield long-term results. No matter where you are on your financial journey, you need to know that it’s possible for anyone to turn their financial life around. Sometimes all it takes is that first step in the right direction to get things moving in your favor. But, as with most things, sometimes that very first step is the hardest part.”
When it comes to getting rich, the formula is simple: Spend less and save more.
That’s easier said than done. To save a considerable amount of money, you have to make more than an intermittent effort. You have to make a lifestyle change.
What kind? We rounded up 21 lifestyle changes anyone can make that could save you hundreds, or even thousands, each year:
Record all of the money you spend.
It’s worked for other everyday “millionaires next door,” helped one family of four live comfortably off $14,000 a year, and is highly recommended by financial adviser and bestselling author David Bach.
If you don’t want to keep a spreadsheet on your computer, consider an app that will automatically track your expenses for you (Mint, You Need a Budget, and LearnVest are popular options), or write them down in a notebook.