Have you ever asked yourself: “How is it possible that I’m earning more and more but my savings are still around 0 ?” If you did, then this collection of advices on how to save more and better is for you:

1.Trim avoidable expenses. To do in proper way start from keeping a record of your expenses. Write down everything you spend your money on for a couple of months. Be as detailed as possible, and try not to leave out small purchases. Assign each purchase or expenditure a category such as: Rent, Car payments, Phone Bill, Cable Bill, Utilities, Gas, Food, Entertainment, etc. Afterwards group resulting records by the assigned category. You’ll probably be surprized by facts that you spent 400$ on parking or 100$ on newspapers. Consider those categories that could be altered in order to reduce expenses significantly. E.g. you may look for cheaper place to park around your office or switch to monthly subscriptions of magazines rather than buying them occasionally in shops. Significant part of expenses usually relates to food. Determine most material categories that spend on and consider cost cutting by switching to alternative products or brands.

2.When preparing budgets for upcoming month or year try to be prudent as much as possible, i.e. always overestimate your expenses and underestimate your incomes.

3.If you can afford to share things you have, from food to living space to appliances, try to do so. Most practicable and less inconvenient could be e.g. sharing wi-fi internet, provided that you pay for unlimited monthly traffic.

4.Try to you use sales periods as much as possible for buying clothes, home appliance and etc.

5.Make purchases with paper money, not exact change, and always save the change. Use a piggy bank or jar for your coins. Coins and change may look insignificant but when accumulated over time they can help you save.

6.Give your children a set allowance for things like movies, CDs, snacks and toys instead of just giving them money on as needed basis. Giving children an allowance teaches them to make wise spending choices at an early age. A twelve year old who spends all of his allowance right away on CDs and then doesn't have enough money to go to the movies with his friends on the weekend has just learned a good lesson on the negative consequences of impulse spending.

7.Cut electricity expenses as there are often many ways to it. E.g:

use power saving lamps;

recharge mobile phones at work;

turn off any digital clocks on DVD’s, phones, refrigerators, etc.

8.Consider your Internet and Cable TV packages. Do you need unlimited traffic or very high speed indeed ? Or do you need all those channels ? Switching to more limited packages will not probably cause much trouble for althouh will help to save extra 50$ a month.