Onceyou have an idea of how money will play into your life, make clear and specific goals for your money. 5. Check in with your finances every day. You can’t make progress without knowing where you stand because you won't know where to start. Take five minutes every day to check in with your budget. 12 Cut down the alcohol intake. Not only is drinking less alcohol better for your health, but it'll help you save more money. Consider sticking to water when eating out to make your bill a little Welcometo the Money blog, your place for consumer news, cost of living tips, the latest on the economy, and analysis from our experts. could go a long way in Keepingmonthly expenses, like rent, as low as possible can save you money over time and put you in a position to invest in your own home sooner than later. 4. Start an Emergency Fund. A mantra in Forexample, you could consider structuring your plan according to the 50-20-30 rule. Under this approach to budgeting, you spend: 50% of your after-tax income on housing, food, and other necessities. 20% on paying down debt or increasing savings. 30% on whatever you want—discretionary spending. 10Tips on how to save money from salary. 1. Budget before each paycheck. Now that you are a salaried employee you will likely have more consistent income. It’s important to have a spending plan for your income before you receive a paycheck. Determine which budgeting method or tool will work best for you. Toptip Save money on your travels by using buses rather than planes or trains; eat out at lunchtime, when restaurants are more likely to offer deals and set menus; head to lesser-known places 5 Cancel Unused Subscriptions. If you use subscription services in a savvy way, they can be a great way to save money. For example, there’s no sense in renting two movies for 4 Make More Meals at Home. The more you cook from scratch rather than buying premade and prepackaged convenience meals, the more you’ll save.. If you don’t like cooking every night, invest in a slow cooker and make a big batch of something over the weekend, then store it to reheat over the course of the week. Brown-bagging your lunch 7 Make use of student discounts. High school students can get lots of discounts on items with their student IDs, usually around 10 or 15 percent off. Nike, Urban Outfitters, Apple and Adobe are TFegWZ.