How to save money in your 20s | AHA Money

The 20s is a very important period for everyone. This is the period where you are preparing your life, whether you are starting your new job or buying your first home. It is a stage in life where learning the habit of how to save money can determine your success in the future. So, let’s look at some of the ways you can save money.

1. Make a budget

The best way to save money is to know where the money is going. Very often, we see people spending money and forgot what they had spend it on and found out later that they have no money left in their account. As such, the best way to save money is firstly to subtract all your on-going expenses such as rent and phone bills to your income. By doing this, you will see the actual amount you have left to spend. Next, set an amount that you want to save or an amount of spending that you do not want to go over. It may be hard during the first few weeks, but after you have made this a habit, it will become much easier and you will be able to save even more!

2. Stay more at home

Now this may sound boring but the best way to save money is to avoid exposing yourself to the things that you cannot resist buying, and the best way in doing that is to stay at home.

3. Cancel memberships or subscriptions that you don’t use

How many times have you been surprised by bills of subscription that you don’t even remember you had? Chances that there are too many. As such, you should spend some time going through these subscriptions and cancel the one you don’t use.

4. Use discount codes and coupons

There are tons of discount and coupon sites online which will normally have deals in your area. So, before you spend on anything, be sure to find out if what you are buying have any discount codes or coupons which can save you a lot of money!