• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, July 5, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

8 Simple Ways To Save Money

by Agency Report
3 years ago
in Feature
Ways To Save Money
Share on WhatsAppShare on FacebookShare on XTelegram

RELATED

Unlocking Business Potential In Exporting Fried, Dried Meat

Unlocking Business Potential In Exporting Fried, Dried Meat

8 hours ago
Breaking Barriers: Why Regional Integration Is West Africa’s Economic Lifeline

Breaking Barriers: Why Regional Integration Is West Africa’s Economic Lifeline

8 hours ago
  1. Record your expenses

The first step to start saving money is figuring out how much you spend. Keep track of all your expenses—that means every coffee, household item and cash tip as well as regular monthly bills. Record your expenses however is easiest for you—a pencil and paper, a simple spreadsheet or a free online spending tracker or app. Once you have your data, organize the numbers by categories, such as gas, groceries and mortgage, and total each amount.

Advertisement
  1. Include saving in your budget

Now that you know what you spend in a month, you can begin to create a budget. Your budget should show what your expenses are relative to your income, so that you can plan your spending and limit overspending. Be sure to factor in expenses that occur regularly but not every month, such as car maintenance. Include a savings category in your budget.

  1. Find ways to cut spending

If you can’t save as much as you’d like, it might be time to cut back on expenses. Identify nonessentials, such as entertainment and dining out, that you can spend less on. Look for ways to save on your fixed monthly expenses.

  1. Set savings goals

One of the best ways to save money is to set a goal. Start by thinking about what you might want to save for—both in the short term (one to three years) and the long term (four or more years). Then estimate how much money you’ll need and how long it might take you to save it.

  1. Determine your financial priorities

After your expenses and income, your goals are likely to have the biggest impact on how you allocate your savings. For example, if you know you’re going to need to replace your car in the near future, you could start putting away money for one now. But be sure to remember long-term goals—it’s important that planning for retirement doesn’t take a back seat to shorter-term needs.

  1. Pick the right tools

There are many savings and investment accounts suitable for short- and long-term goals. And you don’t have to pick just one. Look carefully at all the options and consider balance minimums, fees, interest rates, risk and how soon you’ll need the money so you can choose the mix that will help you best save for your goals.

  1. Make saving automatic

Almost all banks offer automated transfers between your checking and savings accounts. You can choose when, how much and where to transfer money or even split your direct deposit so that a portion of every paycheck goes directly into your savings account.

  1. Watch your savings grow

Review your budget and check your progress every month. That will help you not only stick to your personal savings plan, but also identify and fix problems quickly. Understanding how to save money may even inspire you to find more ways to save and hit your goals faster.

Culled From: https://bettermoneyhabits.bankofamerica.com/en/saving-budgeting/ways-to-save-money


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

WNCDMB Begins Full Implementation Of Ministerial Regulations On NOGICD Act

Next Post

Police React To Viral Video Of Kidnapped Cousin Of Ex-President Jonathan

Agency Report

Agency Report

You May Like

Unlocking Business Potential In Exporting Fried, Dried Meat
Feature

Unlocking Business Potential In Exporting Fried, Dried Meat

2025/07/05
Breaking Barriers: Why Regional Integration Is West Africa’s Economic Lifeline
Feature

Breaking Barriers: Why Regional Integration Is West Africa’s Economic Lifeline

2025/07/05
Gbolabo Adebakin: Championing Nigeria’s Gastronomic Future
Feature

Gbolabo Adebakin: Championing Nigeria’s Gastronomic Future

2025/07/05
Sustaining Federal Gov’t‘s Food Security Drive In Nasarawa
Agriculture

Sustaining Federal Gov’t‘s Food Security Drive In Nasarawa

2025/07/05
Personal Injuries Are Rising In 2025
Feature

Personal Injuries Are Rising In 2025

2025/07/02
Carbon Assets Unveils $144m Jigawa Wetland Project
Feature

Why Jigawa Is Engaging 16,000 Mothers For School Safety And Learning Outcome

2025/07/02
Leadership Conference advertisement

LATEST

Liverpool Stars Honour Diogo Jota, André Silva At Funeral In Portugal

Chelsea Complete £48.5m Signing Of Gittens From Dortmund

Forget 2027, Presidency Tells Coalition’s ADC

More Than 50% Of Medicines In Circulation Are Fake — Pharmacists

Edo Senator Intervenes In Army-Oghede Community Land Dispute

Oyo SEMA Issues Flood Alert In  3 LGAs, Warns Residents

Federal Gov’t Surmounting Inherited Security challenges — NSA

Burnley Sign Walker From Man City In £5m Deal

BBNaija Season 9 Reunion Ends With Drama, Apologies, Closure

Lagos Street Photo Walks To Spotlight Youth Entertainment, Empowerment

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.