Saving money is one of those top priorities right now. You may have considered purchases to make sure as a property, or it may be that you want to have that big vacation you have been dreaming about. Whatever the main goal is, saving money will always be a way to get there. However, if you have no signs of a pay rise and a fixed income where you aren’t making any actual savings right now, how can you change that? With that in mind, here are some money-saving habits that you need to try.

1. Auto-transfer money into savings and set savings goals

First of all, set yourself some savings goals. So this might be to move home, go on vacation, or make some home improvements. Whatever it is, make a note of it and put a total you need to save. This can help you to stay accountable and motivated. The next thing to do would be to auto-transfer money into savings each month. A good tip is to set up a transfer on the day you get paid. A small amount that you can easily save. This helps to start building up the savings pot regularly. You can then add to it as and when you have disposable income that isn’t accounted for. The more you start to see it rise, the more enthusiastic you will be about saving more money.

2. Record your expenses

A great way to understand what you are spending and highlight any potential savings is to record your expenses. Make a note of every purchase you make, from bread in the shop to fuel for your car. You will soon start to identify any savings you can create, and you could then transfer that across to your savings account.

3. Plan any purchases

We all have purchases we need to make from week to week. It might be grocery shopping, buying clothes for a growing family, or even treating yourself at the end of the week to a nice meal. If you need to make these purchases, make sure you plan for them. This might mean using discount codes or vouchers to bring the cost down or waiting for a sale, so you know you will be able to save money. With the grocery shop, you can plan the purchases you need to make by meal planning and writing a list, helping you stop impulse buying. On the subject of impulse purchases, if you find yourself in a situation where you want to buy something, try and walk away from it to think first. If you still need it, you can always go back or purchase it online.

4. Cut your expenditure

Finally, a great tip would be to think about cutting out any bills you no longer need. This might be TV subscriptions you don’t use, a gym membership you haven’t utilized, or even a magazine subscription. The more you can cut from your outgoing, the more savings you could be creating.

Let’s hope these tips help you to make some new money-saving habits.