Here are My 5 Easy how to save money tips. You may already do some or all of these things, but many of you may not be doing any of them. Actually, statistics say it is likely you’re not. So, if you are doing some of these things already then congrats, you are well on your way. If you aren’t doing any of these don’t worry. You are reading this which means you acknowledge that it is important and now you just have to take action! I want to help you build that strong financial foundation that you need. So here are 5 tips to get you started.

Tip #1 – Pay Yourself First

This was a major eye-opener for me when I learned it. I was shocked at its simplicity. Pay yourself first. Don’t pay your bills, utilities, food, taxes, insurance, car payments, etc. and not pay yourself. It’s foolish to think that you will one day have some major financial win that will replace having to do financial planning and actually take responsibility for your financial future. Saying things like “I have time to save” is being ignorant to the time you’re losing! Most American’s are not smart with their money. They don’t know how to save if it’s left up to them. That’s why almost 80% of people can’t cover a major cost in cash. They resort to credit in order to “get by” and they pay it later. This is the most important one to remember of the how to save money tips listed here. Without deciding to pay yourself, there’s no money to save!

Here’s what I want you to think about. If the government raised taxes and all of a sudden 10% of your income disappeared and you had to live on 10% less, what would you do? Would you die? Would you lose everything? Would you move to another country? No, none of these things are going to happen. What would happen is that you’d pay the extra 10% in taxes and learn to adjust to it. So, this is what you need to do for yourself. Decide right now that before you pay anyone else, you are going to pay yourself first. Almost like a tax on yourself for your healthy financial future. A tax you actually want to pay! But, you have to commit and make the decision that you’re going to do it, or it won’t happen for you. So commit, now.

Tip #2 – Decide An Amount Or % To Save

Now that you have committed to paying yourself first from now on when you get paid, let’s talk about what’s next on My 5 Easy how to save money tips list. Decide how much to save. First of all, anything is better than nothing. However, if you want to become rich, even super rich, then you need to really commit here to doing this. I would try and do as much as you possibly can, and no less than 5%. If you can do as much as 20%-30% or even 40% then do it! I know you may be thinking this isn’t possible for you right now, but I’ll remind you that you can, remember the example above about the taxes, and you’ve already committed so let’s keep going! Regardless of how much, commit to a percentage of your income, or a fixed amount you want to regularly save each week or month, and remember more is better. This will get you on your way to saving!

Tip #3 – You Must Make It Automatic 

Here’s a big one, next you must make your savings automatic. You’ve decided to pay yourself. You’ve picked the percentage or amount you’ll save. Now you MUST automate it. Go to your HR Manager or set it up online yourself, but make your savings automatic and don’t leave it to yourself any longer to try and save each time you get paid. Remember, if you were good at saving money already you probably wouldn’t be reading this. Trust me, this will absolutely help you save the money you just committed to saving. It’s funny, the first month when you start doing this you will feel it a little, but it’s because you know that the money is missing. But then you realize that the money isn’t missing it’s stacking up in your savings account. You begin to adjust your living habits, you’re no longer missing the money going towards paying yourself rather you’re enjoying watching it grow. This one is a game changer on my how to save money tips list. Go automate your savings, NOW!

Tip #4 – Create New Flows Of Income

Once you have the first 3 how to save money tips mastered and have put the first steps into place, it’s time to focus on new flows of income to accelerate your savings. Start looking for ways you can create income flows. Maybe you can do that at your job by taking on extra hours or maximizing the bonus structure, or just thinking outside the box and solving a problem somewhere for someone. Maybe you make a living doing a side hustle like affiliate marketing or life coaching. Whatever it is you decide to do, find new flows of income and save those new flows of income! Use new flows of income to supplement the automatic savings from your main income source you’ve already established. This will definitely accelerate savings efforts.

Tip #5 – Use Your Surges To Build Savings

Finally, on My 5 Easy how to save money tips list. Whether you’re in commission sales selling automobiles or an hourly clerk bagging groceries, everyone has surges. Surges can come in the form of big commission checks, overtime, tax returns, gifts from family, inheritance, a sale of property or more. Use these surges as opportunities to really build your cash flow and get yourself a healthy savings account. You may need to use that big commission check for something important like a new roof or car repairs, but remember the how to save money tips from earlier. Pay yourself first, choose a % or amount that you save each time you get paid, automate it, create new flows of income, and use these surges to really build up your savings.

Wrapping it all up!

These are My 5 Easy how to save money tips, but they are by no means the only ways to save money. In fact, there are many other techniques for saving. But these 5 how to save money tips, if put into practice, are guaranteed to work especially if you are like so many others and have no plan and little savings in place now. You can do it, and you will be able to stick with it especially if you follow tip #3 and automate it. Remember, it’s your ethical duty to yourself, and your family to be financially responsible and learn to save.

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Weston · November 18, 2017 at 1:20 pm

Great post! These are very helpful tips. I wish there were more websites like yours. I think more people need to learn the importance of saving and money management. Most people live paycheck to paycheck without even considering that they are the problem, not the size of their paycheck. Bad spending habits and living outside of your means are the two biggest issues with people who don’t save. That’s why I like your first tip for paying yourself first.

Thank you for sharing these tips.


    Scott · November 18, 2017 at 1:20 pm

    Thank you very much, Weston. I appreciate your comment! 

Eric · March 8, 2017 at 10:47 pm

Great article Scott, good advice! I have never been able to save money consistantly. These are great tips to try to master. The only tip I’m good at is the first one. I pay myself first, and I keep paying myself, then I lose track and end up spending too much on stuff. Story of my life so far, but I will take your advice save more in steps like you suggest. Very informative article, I enjoyed reading it!

Ashley · February 19, 2017 at 11:44 am

I love your advice for “taxing” yourself! You’re absolutely right, if suddenly I lost 10% of my pay each month, I’d learn to live with it. You’ve really put into perspective how if you COMMIT to doing something, you make it work! I think taxing myself will go a long way in saving for my own future! Thank you for this 🙂

    Scott · February 19, 2017 at 2:52 pm

    You’re very welcome, Ashley! One of the best things I ever did for my financial success. Check back often! : )

jettaranda · January 18, 2017 at 10:02 pm

These are great tips on how to be money savvy. Many years I couldn’t understand the concept of paying myself first.

I was constantly taking care of everything that I forgot I existed as well. I have started doing and many times have been saved by it when an emergency arose.

I like the make it automatic, as you don’t miss what you don’t’ see.

    Scott · January 18, 2017 at 10:21 pm

    Thank you for the feedback!

    Oh wow, how I wish I had learned this when I was 20 years younger and first started receiving paychecks. Pay myself first. I would have a significant amount of money put aside. The great news for me was I learned young enough to still end up rich. For some people, they never get this and it becomes too late. Making it automatic is the key I think for a lot of people. Set it and forget it I say.

    I hope you have success with thee Money Saving Tips! : )

Marlaine · January 5, 2017 at 6:05 pm

Hi Scott,
My husband and I are “good” with our money now. We use a tool called YNAB (You Need A Budget) and it has revolutionalized our finances… the premise being you allocate your funds to various things BEFORE you spend them. A zero based budget. It really helps you with saving for future expenses and retirement, because you see what exactly you have coming IN vs where you are spending it. Budgeting is now fascinating and exciting… seeing the savings adding up!
Oh – I absolutely agree on the creating more income idea. I’m a SAHM, and I’ve been digging around looking for ways to supplement our family income. Adding income makes a looser budget and more “pay yourself” possible!
Great post!

    Scott · January 5, 2017 at 6:12 pm

    Thank you very much for the feedback, Marlaine. I love the idea of a budget to control spending and to be able to hold each dollar accountable. In today’s world of instant gratification and easy credit you have to stay focused on the bigger picture financially. Thank you for sharing with us!

Norman · January 5, 2017 at 5:46 pm

Hello and thanks for sharing your post, one thing that I think that we all need is to learn how to save more monies. Now I know that there are many persons that may find reasons as to why they cannot, but the steps that you have given here is so great and I believe that if we truly put into practice that which you have pointed out in your post we will be well on our way to a good saving. It is good to have extra cash in the bank.

    Scott · January 5, 2017 at 5:49 pm

    Agreed, Norman! Especially for new sales people who follow the content on this page. Getting your money right and having a solid financial foundation is such a boost to one’s confidence. When you know you are working towards your financial success and not just working to pay people it’s a game changer. Thank you for your feedback!

Martina · January 5, 2017 at 3:36 pm

These are great tips, so simple to do, yet so so easy NOT to do! I especially love the automatiion tip. Take the temptation out of it and let it automatically happen with each paycheck/surge of income. And I love the concept of applying it to additional sources of income/side gigs (or better yet, not having to touch that money at all to really build your savings.) Thanks for the great advice.

    Scott · January 5, 2017 at 4:16 pm

    Thank you for your feedback, Martina. So true that these are easy things to do AND definitely not do. Saving the “surges” as I like to call them is something that really accelerated my savings,ultimately giving me great financial health! I wish you financial blessings!

    Thank you!

Cathy · January 5, 2017 at 2:36 pm

Automatic – that’s the key. When I got my first pay check, I was barely saving because I could access my money straight away. By the second week, I would have spent more than 50% of what I earned during that month. It’s crazy the kind of shopping spree that female consumer can get into.

Once I sat down with a financial planner, we were determined to take 30% into savings and investment. That was 8 years ago and seeing the returns that I have today, I was thankful to make that wise move.

    Scott · January 5, 2017 at 3:14 pm

    Wow, thank you for that Cathy!

    Excellent testimony to the power of automating your savings and investment life right there.

Peter · January 5, 2017 at 1:58 pm

That is a great list you’ve compiled Scott. My favourite is to make it automatic. If people only implemented that one step and just forget about the money once it was deposited they would be much further ahead. Couple that with staying out of debt and you have a nice little strategy to build wealth. Thanks for this. Really well done.

    Scott · January 5, 2017 at 2:07 pm

    Thank you, Peter. I appreciate the feedback. Once I made the commitment I was going to start saving and pay myself first you are absolutely right, making it automatic changed everything. It’s the one step that if done will create great financial habits and start you on your path to financial success!

Darren · January 5, 2017 at 1:54 pm

I’d rather make so much money that I never needed to worry about saving any, but as I haven’t reached that desirable level, reading your post has filled me with some excellent ideas on how to save.

I like the concept of “pay yourself first”. I have heard this before and it always makes perfect sense. The new flows on income, and several income stream, is always a wise idea.

    Scott · January 5, 2017 at 1:54 pm


    Exactly! Make so much money that you don’t have to worry about income! However, as you know, you have to get your money working for you regardless of how high your income is and taking some basic steps to do so can make a huge impact on your financial future. I did the same for years and years focusing solely on how much income I was producing. Looking back, i wish I had had a better game plan for putting my money to work so i could reap the rewards of compound interest. But that’s a whole separate discussion. Do you have any tips yourself on what has worked for you?

    Thanks for your feedback!

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