10Tips on how to save money from salary. 1. Budget before each paycheck. Now that you are a salaried employee you will likely have more consistent income. It’s important to have a spending plan for your income before you receive a paycheck. Determine which budgeting method or tool will work best for you.

Onceyou have an idea of how money will play into your life, make clear and specific goals for your money. 5. Check in with your finances every day. You can’t make progress without knowing where you stand because you won't know where to start. Take five minutes every day to check in with your budget.
Forexample, you could consider structuring your plan according to the 50-20-30 rule. Under this approach to budgeting, you spend: 50% of your after-tax income on housing, food, and other necessities. 20% on paying down debt or increasing savings. 30% on whatever you want—discretionary spending.
Hereare some tips for saving money on energy. Turn the heat down (or the AC up) when it’s nighttime or when you’re gone for the day. Make sure to turn the lights off if no one is in the room. Keep shades open in the winter to allow the sun to heat the house. Keep shades down in the summer to help the house stay cool.
3 Prioritise paying off debts. There’s not really much point in saving money in one place, if you’re paying high interest on debt in another. For example, if you have a card that charges 20% interest a year - that’s £200 interest on a £1,000 debt., and your £1,000 savings only earns you 1% (£10 per year).
5 Reduce your energy, go greener. Reducing your carbon footprint has never been more important. But we spend a lot of money on gas and electricity. That's why we've pulled together our top energy saving tips. We want to help save you money, and reduce your carbon footprint at the same time. 6. Switch energy supplier.
IncreaseSavings Incrementally. Once you’re on an automated savings plan, the way to really build your savings is to increase those savings by 1% every six to 12 months. For example, if you’re setting aside 10% of your paycheck, reset it to increase by 1% to 2% the following year, and every year thereafter. Howto save electricity: One of the easiest ways to save electricity is to switch your old bulbs as they run out for new LEDs or replace your 5 most-used bulbs today to start saving money straight away. 2. Improve your home insulation. One of your biggest outgoing expenses comes from heating your home.

Step5. Fund the account. If your chosen bank or credit union requires a minimum deposit to open a new savings account, you’ll need to fund it with a check,

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    • 5 tips on how to save money