How To Save Money: Tips To Grow Your Savings

Do you ever feel like no matter how hard you try, it’s next to impossible to save money? You try to spend less and put money away, but something almost always comes up. Your car needs new tires, you went over on groceries, your kids have a sporting event — and just like that, saving money takes a back seat.

 

But while the topic of savings can be intimidating, you don’t need everything to line up perfectly before you save money. You can start by asking yourself these two simple questions: how should I save money, and where should I save money?

 

In this episode, Dylan talks about savings and offers four key tips for saving money and breathing some fresh air into your budget.

 

Show Highlights

 

• [02:12] The importance of savings

• [06:56] The three key phases of your financial life

• [09:03] Four things you need to do if you're in the savings phase

• [10:17] What is a “bullshit” fund?

• [11:59] Three schools of thought on how much money to save for an emergency

• [18:11] Why savings should start with a short-term goal

• [22:21] Why you should continue to save after paying off future expenses

• [23:10] The first place you should save money

• [26:01] The second place you should save money

 

Links and Resources

 

🟢 Fiscally Savage → FiscallySavage.com

🟢 Fiscally Savage Tools → FiscallySavage.com/tools

🟢 Instagram → Instagram.com/fiscallysavage

🟢 Facebook → Facebook.com/fiscallysavage

🟢 Twitter → Twitter.com/FiscallySavage