There are as many ways to save money as there are ways to spend it. Here are a few ideas to help you get started.

Top Ten Savings Tips

1. Save before you spend. Think of it as paying yourself first. You can ask your bank to take money from your pay and put it into a savings account for you, automatically. Even saving small amounts each month will add up.
2. Shop around for the best prices. Don’t buy the first thing you see. Plan your purchases to take advantage of sales. For more tips, read Shop less, save more.
3. Don’t carry small amounts of cash or loose change around with you – it’s too easy to spend it. Start a money jar for loose change instead. Deposit it in a savings account at the end of each month. For tips on keeping banking costs low, read Saving at the bank.
4. Carry larger bills that you’re less likely to break. Just be sure you don’t overuse your credit and debit cards instead!
5. Look for ways to save at home. For example, home-cooked or homemade is usually cheaper and often better than store-bought. There are also ways to cut your heating and other bills. For more tips, read Spending less at home.
6. Look for ways to save money on transportation. Just taking good care of your car can save you hundreds or even thousands of dollars over the years you own it. For more tips, read Driving down costs – Saving on transportation.
7. Quit smoking – it’s good for your wallet as well as your health.
8. Every time you spend money, write it down. You’ll be surprised how much you can save by getting rid of a few small things. For example, buying a coffee on the way to work each day can cost $500 each year. Drink it at home or take a thermal mug with you instead. Eating lunch out is also expensive. Even if you only spend $5 each day, brown bagging it will save you $2,500! For more tips, read Other ways to save.
9. Start saving for retirement when you are young. Take advantage of savings and pension plans at work.
10. Start saving for your children’s education early. Take advantage of government grants to add to your savings.

It pays to spend wisely. Forget what “the Joneses” and other people do. Buy only what you need and what you can afford. Just make sure you know the difference!