Small Package: Small Money Moves Mean Greater Gains In Saving

If good things come in small packages, as the saying goes, imagine what you could do financially with only a few dollars.

Better yet, how about saving money by not uprooting everything that you’re already doing but only making a few slight adjustments in the process you have, one that hopefully already is doing more good than harm.

If you’re someone who tracks spending, has a budget and knows what is coming in and going out with little or no fanfare in a bad way, chances are you’re always looking for more ways to save, better options, better pricing or just habits that you already use and want to fine tune by making only the smallest of moves to better your overall standing.

You see, those who know how to make money work for them understand that huge, monumental money-saving changes are few and far between but it’s about filling those gaps with smaller, albeit just as important, decisions that truly are building blocks to everything from saving more money to retiring on time.

One thing you can do that doesn’t take much effort is paying attention to raises and bonuses at work, and using them to the best of your advantage. Think about even a raise that is a few percent higher than what you make now; what exactly do you do with that money. If you’re not keen on saving money, you’ll probably just view it as extra income and thus spend more as a result.

But what if you took that money and contributed to your retirement more so than you already are now, or figure out on an annual basis how much more you make, divide it by 12 (months) and put that toward a debt that has been hanging over your head for quite some time.

Another aspect centers on spending and how you do it. If you’re someone who tracks spending, you probably know just how quickly incidental buying can get out of hand and sidetrack and ultimately shake your budget to the core.

What needs to happen is spending that is more focused on needs than wants, but even if you throw a want or two in there to be sure that you have accounted for it. Nothing is worse than having what is to be believed as an ironclad budget only to realize that you’re hundreds of dollars off because of poor planning.

As much as selling a car or downsizing to a smaller home is a game changer financially, those aren’t going to happen all the time (at least they shouldn’t). Instead, turn your money into more of a chess match, with small, minor moves that lead to eventually success being crowded a money-saving winner.

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