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5 Better Money Habits to Help You Increase Your Savings

If you’re struggling to save money, you’re not alone. Data shows more than half of Americans aren’t able to cover a $1,000 expense.

1. Recognize Your Money Mentality

Do you get excited because you’re on track for retirement?

The truth is you’re not saving because of the stories you’re playing in your head. Set some time in your calendar to interview yourself.

For example, if you believe you should spend your money as it comes–ask how this has resulted in the last few years.

2. Use Tools to Track Your Expenses

Your goal should be to keep your expenses as low as possible while having a high income.

Again, you can track expenses using a money tracking app, showing you the amount you spend each month.

3. Learn How to Negotiate Your Bills

Negotiating your expense isn’t hard. I was able to reduce my cell phone bill $10 per month with a 5-minute phone call.

You can do the same. Saving money with your bills means you’ll have more money to save.

Most of your service providers will be big companies, so you’ll work with a different person each time.

4. Work on Important Tasks

Time is the only resource you have that money can’t buy.

Watching useful Youtube videos or spending time with friends isn’t time wasted. The problem is doing only these.

But, if you’re looking to save more money you have to be productive with your time. How?

Use time tracking apps to get a clear idea of how you’re spending your time.

5. Choose to Invest in Yourself

The more you know, the more you can apply. But, you can’t grow alone.

Coaches? Yes… they cost money but can save you time in avoiding problems most people make.

Eventually, your income will grow and you can use this money to invest in coaches.

 

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