So much of life is perception. When we commit to something we believe it and it becomes natural. Whether it's to exercise, to eat right, or to develop a talent. We must commit in our minds first. So commit to saving.
2. Track Income
Total the amount of money coming in. No matter where it comes from (wages, tips, interest earnings, social security), account for it. Figure out how much money you're receiving each month.
3. Track Expenses
Total the amount of money going out. No matter where it goes (rent/mortgage, utilities, gas, car note, metro card, child support, food, coffee, movie tickets, cloth shopping sprees) On average, figure out how much money you spend each month.
4. Do the math
Your income should be greater than your expenses. If it's not you have some reevaluating to do. If it is, ask yourself if you can increase the difference even more.
5. Pick a number
Decide exactly how much you want to save each month. Save means to leave untouched. Placing that money in a savings account is a good way to keep it safe from yourself. Most accounts have a minimum balance requirement.
6. Make Cuts
Saving requires sacrifice so give this one some thought. Entertainment costs, cable, phone, and clothing costs are good places to cut. Evaluate your wants vs. needs and give something up. It can be as simple as deciding against that extra cup of starbucks each morning or only seeing one movie a month as opposed to two.
7. Commit Again
Promise yourself to stick with it. Envision what you want to do with the money you saved and keep reminding yourself of that goal. As soon as you decide to make a lifestyle change, don't let anything steer you in another direction. Our minds are powerful, and it's true what they say: Once you set your mind to something, anything is possible.