How to save money and spend less

Next we are going to look at setting up an automatic saving plan to help the stress of saving money. Most of you have had jobs that offer 401k benefits, and hopefully you guys are using them toward your future. The money comes directly from your pay and is set aside for your retirement. You can also set this strategy for your short term savings goals as well to save money. Try setting up a couple of extra savings accounts,and have a small amount direct deposited into these accounts from your paycheck. Start to save money first with an emergency fund account, which will be for if things were to get tight, or you were in between jobs, you would have something to fall back on. If it's nothing but $10 or $20 each check, it still is a great way to save money.

Next think of setting one up as a car fund, just in case something were to go wrong with your car you would have money set aside for that. Let's face it most times you may not know that there is something wrong with our cars until it won't start. Car repairs can be a major set back if you are not prepared for them. Let's also take a look at choosing to get a new car. As a car owner there is no bigger moment than when you pay off your first car. You have extra money now to spend, and to have financial freedom, but there is still the opportunity to save money. Let's say that while you were still paying on you car note your monthly payments were $300 a month. What if after you paid off your car decided to keep paying the $300, but toward paying yourself. I mean face it you have been paying this money all this time why not use it to pay yourself and save money at the same time. That's $3600 a year and in four years that's $14,400 to do what you may, or be a great down payment on another car. Pay your self first.