Having money in the bank is great because you can see yourself making progress towards your goals. It’s also a nice buffer for absorbing shocks and surprises without taking on debt. So, how do you increase your bank account balance maybe even double your money? We all know the formula: Save more and spend less. But that knowledge alone is usually not enough to change your behaviour without concrete action steps. Before you get started, it’s wise to think about your goals the things you want, and why you want them so you will be more motivated to do it.
Switch to your library for reading material: Books, magazines and newspapers soon add up if you’re buying them a lot. By borrowing reading material more often, you can put the money saved straight into the bank instead. Some libraries allow you to download e-books to an electronic reader. If you have an electronic reader, use the library’s borrowing rights rather than purchasing your own copy.
Start your day with breakfast and coffee at home: If you have been in the habit of grabbing a latte and cinnamon bun on the way to work, it’s time to stop. Eating on the run is unhealthy and if you’re eating fatty and sugary foods, you’re not giving your body good fuel for the day. Save money by eating a healthy breakfast at home and enjoying your coffee there too. If this means getting up a bit earlier, then do so the extra sleep will have to come from an earlier bedtime, which won’t hurt you!
Andro Ferraro 