We all strive to have a little nest egg set aside. It may be for a long term goal or a short term goal.
It could be for paying off debt, retirement funds, emergencies, a trip, a new vehicle, a home, lots of things. We often put off current wants to fund future wants. That is saving!
Many folks feel very deprived and resentful when saving. If you are striving for a goal, you need to learn to not feel resentful. The future payout will be great. Learn to minimize the not spending without it hurting.
We all know the basic ways to save extra.
Buy/shop sales and clearance
Purchase needs and not wants
Ask for discounts when you can (big for seniors)
Have no spend days and weeks
Eat mainly at home - not restaurants
Do NOT waste - find uses for everything
Wait 48 hours before making big purchases
Ask for reduced rates - all they can do is say no and you might get a YES
Cut out things that aren't really needed
Look around for new ways of making extra funds
If working - use every saving option available (like 401K or similar)
PAY YOURSELF FIRST
There are so many more simple and basic things we can all do!
It is important to have a plan. Know what you are saving for. If you are looking to save for retirement and a big long term goal - you need to look back at your past successes and failures. What worked? What didn't?
You can't really make any interest today at the bank - so if you are trying to increase your money, you will need to look for a different avenue. Seriously, hunt for the safest options you can find.
Find a trustworthy advisor. Ask family or friends who they recommend and trust. You don't have to get nosey about their finances - just ask who advised them.
Increase your knowledge - read and study about options.
Connect with like-minded people.
We come in this world with nothing, and we will leave with nothing. What happens in between is gravy! Really! Look at every success as a big thing. REMEMBER - you really only need enough! I know many will not agree with that. That's OK. I am one of those with the frame of mind, I don't need millions to be happy. I only need enough to live a nice, comfortable life.
You decide what YOU NEED and go forward. We all save for different reasons and have different goals. I do think we all agree nice and comfortable is GOOD!
Just do something and get started NOW if you haven't started yet.
Now all that being said - remember - you can't take it with you!!!!
So yes, please do enjoy some pleasures and comforts along the way IF you can afford to.
Life is short - DO stop and smell the roses now and then!