1. Say goodbye to debt.
Monthly debt payments are the biggest money suck when it comes to saving. Debt robs you of your income! So, it’s about time you get rid of that debt. The fastest way to pay off debt is with the debt snowball method. This is where you pay off your debts in order from smallest to largest. Sounds kind of intense, right? Don’t worry—it’s more about behavior change than numbers. Once your income is freed up, you can finally use it to make progress toward your savings goals.
2. Cut down on your grocery budget.
Most people after they do a budget are shocked to find out how much they’re actually spending at the grocery store each month. And if you’re the average thrifty American family of four, you’re probably spending around $966. Yikes! It’s so easy to walk through those aisles, grabbing a bag of Oreos here and a few bags of chips there, and then top it off with the fun goodies at the register. But those little purchases (aka budget busters) add up quite a bit and end up blowing the budget every single month.