7 Simple Steps To Spend Less This Year & Save Money

Compartir es cuidar

Are you looking to save money and spend less this year? Maybe you want to pay off debt, build your savings, or just have more financial stability. Whatever your reasons may be, saving money is a smart financial move that can help you achieve your goals.

The good news is that saving money doesn’t have to be difficult or complicated. With a little planning and discipline, you can take steps to spend less and save more money. In this article, we’ll outline seven simple steps you can take to spend less this year and build up your savings.

From creating a budget and reducing your expenses to making smart shopping choices and taking advantage of rewards programs, we’ll cover everything you need to know to save money and achieve your financial goals. By following these tips, you’ll be on your way to a more financially secure future.

So let’s get started and see how you can spend less and save more this year.

How To Spend Less This Year?

How To Spend Less This Year

Step.1: Set Your Goals.

The first step in our list is to set your goals, you have to know what you want and you have to be willing to work for it. You see a lot of people know what they want but they are not willing to work for it, you have to really discipline yourself and know exactly what it’s going to take, what kind of sacrifices you need to make in order to get to where you wanna be.

When it comes to saving money you have to have a reason, you can’t just save for an emergency fund otherwise you are just gonna expect an emergency. People always say:

“well, you gotta save for a rainy day…”

But I am telling you, you need to save for a sunny day, you need to save for days of prosperity, days of investments, and days of opportunities. your savings need to be proactive rather than reactive. You see if you are fearful about your money, then it’s gonna be taken away but if you have faith and you understand where it is gonna go then you will be able to expand and multiply.

After all, the only reason to save is to invest and once you keep investing eventually you have enough money to indulge anytime and anywhere you want. So keep your goals in mind and be consistently thinking about it and have it in the back of your mind when you are making plans or feeling tempted to spend money.

Step.2: Voice Your Goals.

You should tell your friends and family and those around you about the big goal that you are saving for. This can make it a lot easier when you have to say no to them if they are inviting you out to dinner or to an event that’s gonna cost you a lot of money.

It is really important to have goals and people generally respect when other people have goals it could even inspire your friends and family to save money as well. So be sure to voice your goal.

Step.3: Cancel Automatic Subscriptions and Memberships.

Chances are, you’re paying for multiple subscriptions like Netflix, Spotify, or your gym memberships. It’s time to cancel any subscriptions you don’t use regularly. And make sure that you turn off “auto-renew” when you make a purchase.

If you cancel it and decide you can not go without it, subscribe again—but as long as it fits into your new (and improved) budget.

How to cancel?

If you discover you’re paying for something that you don’t want anymore, or don’t remember signing up to, follow these steps:

  • First, try canceling through the retailer or service provider either by phone or in writing. Many companies will accept this and that will be the end of it.
  • However, if a company refuses, the next step is to ask your bank or credit card provider to cancel the payment instead.
  • If they don’t, you can claim a refund of money taken from your account after you asked for the payment to be stopped. This includes if the bank told you that the payment couldn’t be canceled, or that you’d have to cancel it with the retailer.

Consider membership sharing with some of your family and friends. Many streaming services, like Netflix, Amazon Prime Video, and Hulu, allow you to watch your favorite shows from two or more screens (with an upgraded account). That way, everyone wins — and saves!

Step.4: Use Your Credit Cards Wisely.

Credit cards are a way of life. Leaving home unburdened by cash is great—and so is getting a free airline ticket or hotel stay, cashback, or other rewards just for spending money.

Credit cards are just so easy and convenient to use. But that convenience has a downside: Credit cards can be the source of debt troubles too. If you’ve got a credit card, using it responsibly can save you from having to dig yourself out of debt later. It can also save you from the problems that come with a bad credit history in the future.

Use the card for only one sort of purchase, something that has an automatic spending limit, e.g. gas. If you’re still worried that you’ll overspend, don’t use the card for retail purchases. Instead, set up one preauthorized charge which will go through for a set amount monthly, e.g. a newspaper subscription or gym membership, and then lock up your card.

Credit cards are addictive, so if you have a habit of overspending with credit cards, hide your cards and keep them in a safe place in your home, not in your wallet.

Step.5: Create a Budget.

A great way to make sure that you are spending less than you make is to create a budget for yourself. The best way to start here is to differentiate between your needs, your wants, and your savings.

  • So needs are like paying rent, paying bills, and buying groceries.
  • Your wants are things like buying that new bag that you have been looking at and going out to eat as often as you want to.
  • Savings are all the money that you have to put aside each month to pay down your debt or just save your money for rainy days.

Figure out how much money actually takes to sustain your needs in life and from there you can figure out how much spending money you have for those wants and how much money you can maybe set aside every month to help you pay down your debt for example.

Step.6: Automate Your Savings.

One of the best and easiest ways to make saving money easier is to automate your savings. This means that you set up your savings account in a way that money is transferred from your checking account to your savings account automatically each month.

This way, you don’t have to think about it or even remember to do it and the money can just sit in there and grow without you having to worry about it. Not only does this help you save money, but it also helps you build up your emergency fund so that you have money to fall back on if something unexpected comes up.

Artículos relacionados:

Step.7: Invest in Yourself.

Invertir en uno mismo is one of the best ways to save money in the long run. When you invest in yourself, you are investing in your future and your ability to earn a higher income.

There are many ways to do this, but some of the best ways to invest in yourself are to get a degree or take courses that will help you advance in your career. Not only will these things help you make more money down the road, but they will also help you feel more confident and secure in your job and in your ability to provide for yourself and your family.


If you’re looking to save money this year, there are plenty of simple steps you can take to cut back on your expenses and boost your savings. By creating a budget, tracking your spending, reducing your bills, shopping smarter, and making small changes to your habits, you can make a big impact on your financial situation.

Remember, it’s not about depriving yourself of the things you enjoy, but rather being mindful of your spending and finding ways to cut back without sacrificing your quality of life. Whether it’s cooking at home more often, finding free entertainment options, or using your local library, there are plenty of ways to save money without feeling like you’re missing out.

So, take the time to assess your finances, identify areas where you can make changes, and commit to making small but impactful changes to your spending habits. With a little bit of effort and some smart choices, you can achieve your financial goals and build a more secure and stable future for yourself and your family.

Deja un comentario