How to Save Money: Daily, Monthly and Long Term

Saving Money Begins With Your Mindset.

Avoid thinking of money-saving techniques as restrictive — although they can often feel that way. At NerdWallet, we think about a budget as a spending plan because saving money doesn’t mean you have to quit spending altogether. It just means you have to prioritize some financial goals over others.

Depending On How Much You Want To Save, Here’s How To Do It.

Get Serious About A Budget

Ready to get started? We recommend the 50/30/20 budget for smart money management. Devote 50% of your income to necessities, 30% to wants and 20% to savings. If you find one of your allocations exceeds these percentages, make some adjustments to fit the formula.