20 Ways to Save Money and Manage Your Personal Finances

Hand placing coin into a piggy bank

There are serious reasons why Americans cannot actually save money | iStock.com/AndreyPopov

Saving money can be stressful and, of course, it’s something that’s unavoidable. There are serious reasons why Americans cannot actually save money these days. One being that people keep upgrading their lifestyle despite growing income inequality. Impulse buying and love of luxury can also become real burdens if your goal is saving money.

On the other hand, there are so many fun ways you can take control of your personal finances and change the way you live. For example, you can start rethinking the way you shop for groceries and clothes. In most of the cases, it’s all about creating a money-saving mindset. As soon as you do that, you will be on our way to achieving financial stability. These 30 things will help you save money and manage your personal finances more effectively.

1. Create a financial calendar

Man working on calendar on laptop

Use a financial calendar to keep track of payment dates and avoid late payment fees | iStock.com/scyther5

If you have problems remembering when to pay your bills then a financial calendar is for you. You can schedule your visits to a doctor, a dentist, or your car mechanic. There are a number of personal finance dates to make note of on your financial calendar. This way you will stay on top of deadlines and will never miss a payment, thus avoiding any late payment fees.

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