Start by creating a detailed budget and involve your family or partner in the process. Many banks offer budgeting tools through their websites and online banking apps, which can make tracking your spending even easier.

Take a close look at recurring charges like streaming services, gym memberships, magazines and meal plans. Ask yourself, can you cancel any of these?

Even small changes like cutting a $15 subscription can save you nearly $200 over a year, making a huge difference to your overall budget.

Sales can be tempting, but ask yourself, “Do I really need this?” Even a great discount isn’t worth it if the item doesn’t add value to your life. Stick to your budget and remember that resisting unnecessary purchases is a win for your wallet.

Declutter your home and turn unused items into cash. Whether it’s clothes, electronics, or furniture. Selling unwanted goods can give your finances a quick boost. Use online platforms such as Facebook Marketplace for a quick sale.

Look at your spending over the last three months and get a clear picture of your spending. This way you will see areas of overspending and where changes need to be made. This is easier to do than is sounds!

Set up automatic transfers to a savings account. By doing this, you’ll consistently save without even thinking about it—perfect for building both short-term and long-term savings, even if it is only $50-100 a week.