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There are many reasons that you could be wanting to save money. It might be that you have something coming up like a wedding, holiday or that you are purchasing a new house. Whatever it is, saving money can be much easier when you know some top tips for doing so. The hardest part can be getting started, but once you are in the habit of saving, you will find that you surprise yourself with how much you can put away each month or week. Here are some top tips for saving money…

Look into purchasing things second hand

When it comes to saving money, one of the best things you can do is look into purchasing things second-hand instead of brand new. As long as you check the quality of the item before buying, then you could get yourself the same product you want, but at a much cheaper price. From used cars to phones, laptops, and clothes, there are many places you can find second-hand items. Check out eBay, Depop, or Facebook marketplace which are some of the most popular spots for second-hand items. 

Get rid of debts

If you have any debt such as on a credit card, store card, or are in the overdraft of your bank, it is a good idea to get rid of these as soon as you can. This is because debts can charge you large amounts of interest meaning you are literally throwing money away every month. Instead, try and overpay your debt each month and get the highest ones paid off first. Once you have got rid of these, it is also easy to budget as you have fewer outgoings. 

Set yourself a budget

Set yourself budgets for either the week or the month and try to stick to these. If you do this, then you will know exactly what you have to spend and won’t end up dipping into your savings. Think of what you will need for food and other bills as well as other costs you might have to go out during the week. Ensure you have a pot set aside for any unexpected costs such as if your washing machine or your car breaks. This means you won’t find yourself cut short and it will be much less stressful.

Make yourself a goal

It is a lot easier to save if you have a goal and know what you are trying to save for. Set an amount that you want to save and a deadline to do it by. This can push you to reach that goal and can make you work even harder to try and achieve it. You will be more likely to reconsider unnecessary or impulse purchases as you know that you have a goal to try and achieve. 

These are a few simple tips that can see you saving much better in the upcoming weeks, months and even years. What are some of the top tips you use when it comes to putting away some extra money?