If you’re one of her millions of Americans living paycheck to paycheck, it can feel almost impossible to save money. This can be a huge problem for just about anyone, but especially families or people who live below the poverty line. When it comes to saving money, not only does it protect you in case of an emergency, but it can also help you feel better and make better decisions with your money, as well as helping you set up long term goals for you and your family’s future. It’s important to think of having a great savings account as a way to get out of a the cyclical nature of living paycheck to paycheck, and improve your life both now and in the future. If you’re someone who wants to start saving money as soon as possible, or start saving more money, keep reading for excellent tips and tricks on how to get your savings account at higher numbers.

The first thing you should think about if you want to start saving more money is your budget. The majority of Americans that are living paycheck to paycheck do not even have a budget, which can spell trouble for your future. If you’re someone who wants to beat the odds, it’s important to start thinking about budgeting, or tightening up your budget to fulfill the wishes of your savings account. There are many ways to start budgeting but the entire purpose of having a budget is so that you’re more intimately aware, and in the best case, completely control how much money you’re spending every single month. It’s important to look at a budget as a way of understanding your financial life and as a way of controlling the outcome of your income.

You can either start your budget digitally or physically with pen and paper, but the truth of the matter is having both as an option is a great way to keep yourself in check. You should start by analyzing your income every month, and looking at your bank statements so that you can better understand how much you’re spending every month, and on what. Your budget should have at least four categories that fulfill all the spending that you will be doing. Those categories should be housing, food, utilities, and other. If it is difficult for you to all of a sudden cut down your spending, try cutting it down in increments of 10-20% in the beginning until you’re comfortable with where you are.

A great way to cut down your budget without going too crazy in the beginning is learning how to cook for on your own and completely cutting out going out to eat. Food budgets are usually the highest and the most frivolous expenses that people spend their money on, so it’s important to maintain a great budget by cutting this out first. Another great way to cut out money is to cut down vigorously on the “other” category. From entertainment to Uber rides, you should not be spending more than 5 percent of your income in this category. Instead, opt for Harper alternatives to entertainment and going out like healthy sports like tennis. You can save even more on this by using this Tennis Express coupon to stock up on what you need to save money in the future.

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