Tips on Saving Money in 2019

Compared to the generation of our parents, everything is extra expensive these days because of inflation. However, our salaries are not getting any higher, and it’s getting more difficult to make ends meet. In order to save and try to invest, here are some tips on saving money in 2019:

  1. Setting Financial Goals and Monthly Budgets

The first step to start saving money is to set monthly budgets and financial goals. Without a clear direction or goal, saving money left and right will not get you anywhere. You need to have a one-track mind by setting limits on your spending through a monthly budget. By setting a monthly budget, you will be disciplined to spend within limits.

On top of that, you must also set your own financial goals to keep your eye on the prize. Financial goals are the targets that you plan to meet to invest in something else, such as a new house, additional investments, or even for a wedding. You get to decide what kind of objective you will place for yourself. It can be about anything. Here are just some examples of financial goals:

  • Buying a new house
  • Investing in real estate
  • Saving for your retirement
  • Starting an insurance fund
  • Building up your travel fund
  • Setting up capital for a startup business
  • Achieving financial freedom
  1. Take Advantage of Free Tutorials

Learning is supposed to be a continuous process throughout our lives. A common barrier of learning is the cost that it entails. However, that should not always be the case. There are tutorials and eBooks available online for free that can help coach you on different skills that you want to learn about.

For example, if you want to try investing and don’t know how, you can check out Learn to Trade for some free eBooks and fact sheets to help you learn how to invest and trade. There are also free online videos on a range of skills for math to learn about on Youtube or other resource sites. Instead of spending for books, you can take advantage of these free videos and eBooks online.

  1. Bring Down Your Expenses

You should also try to list down all your expenses and see where you can cut down on. Don’t skip on listing down any item you spend on because even the small expenses matter. Something as simple as getting morning tea or coffee is an expense that can build up in the long run.

Once you have a picture of what you spend on, decide which areas you can cut down on. You might want to opt for cheaper alternatives to your meals or getting packed lunch instead. You may also opt to get lesser cups of coffee a day to lessen your expenses.

  1. Only Buy Items on Sale

Make it a habit to never buy anything that is regular-priced. If you start practicing this, buying regular-priced items will make you feel as if you were ripped off since you know that the item will probably go on sale someday. You’ll be surprised with the amount of money you save on buying items on sale.

  1. Use Public Transport

Owning a car can take a toll on your expenses because of gas expenses, parking fees, and maintenance costs. Because of this, to save money, it will be more practical for you to use public transport. By public transport, this doesn’t mean Uber or Lyft. This means that you need to take the bus or train to get to wherever you go. This way, you will save a lot of money.

  1.     Get an Accountability Partner

In order to keep yourself in check on saving money, you can let your family and friends be more involved in your life. Have a friend or family member be your accountability partner. This way, they can monitor you and keep you from spending too much. They can prevent you from spending and encourage you to save on a daily basis. Having someone who shares the same goals as you will make a big difference in how you save money. Moreso, it will be harder if you decide to do it alone.


Saving money should be a habit that everyone gets used to. Let these tips guide you in saving money not only in the big things but also in the little things in your daily life. If you take these tips to heart, you will be happy you made it a habit to save up.




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