10 Cracking Money-Saving Tips for Tech-Savvy Millennial

Image  Source: Canva

1. Track Spending

Start by tracking expenses for a month or two and categorise them into essential and non-essential spending.

Image  Source: Canva

2. Set a Budget

Once you know your essential spendings, stick to a budget for essential expenses, utilities and cost of groceries and dining out. 

Image  Source: Canva

3. Cook at Home

By making meals at home, you will not just save money but will use high quality ingredients for cooking. This will also promote better eating habits. 

Image  Source: Canva

4. Cut the Cord

Cable TV and other subscription services is an add up to monthly commitments, unsubscribing the subscription services which are not in regular use can save money. 

Image  Source: Canva

5. Shop Smart

Look for sales and discounts when shopping for essentials and use the best offer, cards and apps for the best deals. 

Image  Source: Canva

6. Use Credit Cards Wisely

Use credit cards only for essential purchases and pay off the balance in full each month. 

Image  Source: Canva

7. Automate Saving

Set up automatic transfers from your salary account to your investment accounts.

Image  Source: Canva

8. Use Public Transportation

Save money on fuel and car maintenance by using public transportation or carpooling. 

Image  Source: Canva

9. Find Ways to Earn More

Take on a side gig or freelance to earn extra income. This extra income can help you save more and pay off debt faster. 

Image  Source: Canva

10. Be Mindful of Your Money

Prioritise your financial goals and keep track of your progress to celebrate milestones along the way. 

Image  Source: Canva