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New Year, new startThe art is not in making money but in keeping itMost people spend a large amount of their savings in December for the festivities and that is why we find every New Year, people come up with resolutions to carry them through the New Year and the most popular one is financial success.  Saving money where we can is crucial in our financial success.  Saving money is easier said than done because it requires discipline. What most people do not understand is that when it comes to being smart with finances every little amount of money saved helps and starting small is the way to go. Here are some saving tips for the New Year 1. Open a savings accountThe savings account will earn you an interest depending on the financial institutions you use which will ensure you make money while saving. Look for financial institutions and find out the rates at which savings accounts earn an interest and you will be able to choose the best one for your saving plan this New Year. 2. Make a budget and stick to itSo as to gain a financial order in your home, budgeting is the way to go. Making a budget is easy but sticking to it is a problem to most people. The first step is to gather up all of your income information inclusive of monthly salary. Then, gather all your expense information and rule out things you can do without and set the money aside for saving.  Fixed expenditures are easy to factor in and you should make an estimation on how much your variable spendings are.3. Transfer your salaryTransfer your salary into a savings account and only leave out what you can afford to spend. This will help because you will be less tempted to splash your money on things until the end of the month when you see how much you have left.4. Keep off use of credit cardsWhen you are trying to save money, spending money you do not have is a bad idea as it can lead to you ending up in massive debt, and digging yourself further into a hole. Hide the credit card you have out of sight so you are not tempted to use them. Only use the credit card in emergency cases.5. Cancel your membershipsMany people buy a gym membership with good intentions, but never end up going. Unused gym, country club, spa or memberships should be cancelled. For the time being, exercise by running outdoors, or follow a workout routine at home. You can always renew memberships when you can afford to.6. Prepare meals at homeEating at home is cheaper and healthier than going out for meals or getting take-aways. Try to encourage yourself to be adventurous with recipes and you may find it more fun than you think. “Do not save what is left after spending, but spend what is left after saving.” Warren Buffet

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