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How to Save Money without Breaking a Sweat

How to save money effortlessly_opt

It’s that time of year, Christmas has been and gone and the festivities feel like a dim and distant memory, but the sound of the credit card bill landing on the doormat is a timely reminder of the cost of the excess at Christmas time.

For many, the start of the New Year marks a time when we promise that next year will be different, next year we will take control of our finances, we won’t overspend and we will start to save for the future.

But once the initial motivation wears off, it all seems just a bit too much like hard work. It becomes just another failed New Year’s Resolution to be rolled over into next year!

The reality is that many of us have a whole load of self-sabotage going on where money is concerned. Creating new behaviours, such as developing a savings habit and learning how to save money effectively, can be a real challenge.

I started thinking about why this is the case, why do we sabotage ourselves with unhealthy financial behaviours? And why do so many of us fail to save even the smallest of amounts for our future financial security?

And then I came across an article from the superscrimpinghousewife.com. The article talks about how to accumulate £667 in savings, to be used for Christmas 2016, by making small incremental savings each day.

Basically, the idea is that you save 1p on day one, increasing it by a penny each day… so, 2p on day two, 3p on day three, 10p on day ten and so on, all the way up to day 365.

And, like a light bulb switching on, I realised that the reason why so many of us fail to even start a savings plan is because we feel that whatever we can afford to save simply won’t be enough.

Of course, this isn’t the truth. The most important thing about saving is that we just have to start somewhere.

What I like about this particular article is that it demonstrates how even the smallest amounts can create a healthy savings pot but, perhaps more importantly, it shows how to save money and develop an effective savings habit in an easy, painless way.

It allows us to strengthen our savings muscle….The idea of saving pennies each day feels totally achievable and is therefore unlikely to create any resistance in the mind.

Like any form of training, consistency builds strength and consistency of saving small amounts will build strength around new habits.

Spending everything we earn is simply a habit so saving a percentage of what we earn can also become a habit too, it’s simply a case of getting started and then sticking with it!

The most important thing about saving is that we just have to start somewhereClick To Tweet

How to Save Money Effortlessly

How to save money without breaking the sweatSo how to begin…?

It’s easy to overcomplicate things where savings and investment are concerned but in truth there are only two things that you need to do … Spend less than you earn and Save first.

It’s time to lose the ‘I’ll save when I can afford to’ mantra and implement the following:

1. Have a Goal in Mind

Energy flows where intention goes! Be clear about what you’ll be doing with all of the money that you’ll accumulate.

Saving for emergencies may not give you the motivation you need to kick-start the savings habit, however, thinking of a luxury holiday might.

2. Use your Imagination

The ability to imagine, not necessarily the amount of money, but everything you’ll be doing with the money is so important.

To quote Abraham Hicks: “Hold a thought for 17 seconds and the law of attraction kicks in. Hold a thought for 68 seconds and things move. Manifestation has begun.”

3. Know your Numbers

I don’t particularly like the word ‘budget.’ For me, it carries the same energy as the word ‘diet’ but it is important to have a handle of what you have coming in every month and what you have going out.

You can call it a spending plan. Knowing how you spend your money is crucial if you want to become financially conscious. Keeping a spending diary will help you to identify any unconscious money leaks.

Knowing how you spend your money is crucial if you want to become financially conscious.Click To Tweet

4. Don’t Pay over the Odds

Look at areas where you are paying over the odds… Such as life cover, mortgage payments, utilities, food shopping. These are easy painless savings which can be directed towards your savings pot.

Identify how much you can save and set up an automatic direct transfer to go out each month.

5. Stop Making Excuses

By saying you don’t understand all of the savings options available… either get some education around how to save money and invest, or seek advice from a qualified professional such as an Independent Financial Adviser.

It may seem quite simple but truthfully it really is…. the first thing to do is to just start, take some steps today … no amount is too small and consistency is key, even if it just starts with a penny a day.

Your Turn..

Do you have any innovative ways of saving? Do you think your money mind-set is holding you back when it comes to saving money? Let us know in the comment box below!”

(Photo Credit: Stuart Miles @FreeDigitalPhotos)


Sarah Hennigan
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    1. Hello, and thanks so much for your comment. I am really glad that you found the post useful.

  1. Great article! I recently wrote a similar article. Although targeted for a maternity leave, some additional easy steps to start saving include setting up an automatic transfer and look at which services can be bundled.

    1. Thank you for taking the time to leave a comment. Absolutely, automatic savings is indeed an effortless and effective way to save money.

  2. Wow! Thank you for sharing such an insightful post. Focusing on definite goal is the motivation I really need to save. Not just saving because it is good to save.

  3. I have a post that I need to finish up about the power of a penny. I really think that most of us throw our money away a couple of dollars (or even cents!) at a time rather than with large, rash decisions.

    1. Jamie thank you very much for taking the time to share your comments. Saving pennies do add up to big savings. It trains you not to waste money and helps you appreciate the little things in life.

  4. Hi Lucy

    Thank you very much for taking your time to share your comments. Setting a specific saving goal that will motivate you and committing to that goal will help you develop good saving habit which will set you up for the future.

    Good luck

  5. I saw that article about saving too.
    It really is about mindset. I have a £2 jar and if I get a £2 coin, I won’t spend it and it goes straight in the pot. I empty it out in September and it always pays for my daughters birthday presents and party! Which is fabulous as I never have to worry about it then!

    1. That is a brilliant idea Donna and thank you very much for taking the time to share this with us.

  6. I also read that article about saving each day, such a great idea.

  7. Very good tips! Its amazing really how much money we waste on things we can’t even show for x

  8. This is a great post and it really is mind over matter.I started making little changes when I was pregnant to save money to allow me to have extra time off work. I am now in my unpaid maternity leave, living off what I had saved x

    1. Hi Lucy, thank you for taking the time to share your comments. I am glad you found the article useful. Goodluck with your freelance career!

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