Saving Money Is Easy!

Ever wondered where the extra money that you thought you’d have by the end of the month, go? We all have been through that phase and sometimes even worse. However, the solution to such crisis is making a simple and flexible rule for yourself.

In this article I’ll share how to plan out an effortless way of saving some extra money apart from your core savings. Why so? Well, isn’t it only natural to feel the urge to buy that one little thing you had your eyes on since days? I’ll tell you how you can make money for those things from your monthly budget while still being able to keep a few dollars aside as extra money. But for that, you’ll need a diary or a notebook that needs maintaining every day. Are you willing?

person writing on white book
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When you receive your salary, the first tendency maybe setting aside the bills. That’s correct! The beginning of every month has a lot of bills incoming. One has to be prepared for that. Take your notebook and list out the types of bills/fees you pay every month (this also includes your rent if you have a leased apartment and personal expense); these will be your fixed expenses.

Next, make a list of things you need for grocery that generally never change; for example, milk, cereals, breads, eggs, chicken, rice, flour, cooking oil, etc. These are a few basic things that come almost every week, and sometimes even twice in a week. Leave some place to jot down other items for later; it will help you see what else you bring home in the name of grocery every month.

Save It

When your planning is done, look at what you are left with. For example, if your income is $5,000 and your rent, bills/fees and personal expense eat up about $3,000, you are left with $2,000. You must already know by now, how much you spend on grocery and weekends every month.

Take that hypothetical figure and deduct it from the $2,000 you are left with. For example, if your grocery and weekends expense is generally upto $1,000, you are left with $1,000 in hand. Push that money away from your eyes into the saving account you have.


Now, the $1,000 that you set aside for grocery and weekends needs to be divided. I’ll tell you why. Remember the simple and flexible rule I mentioned above? Yes, here is where you’ll need it (p.s. – I created a money box solely for this purpose. Check out my post under productivity category).

Given that most of the months have four weeks, let’s divide them into 4 weekdays and 4 weekends. Next, think… which one of the either makes you spend more money? If it’s the weekends (which is for everyone), divide your money in a way that allows more breathing space for the weekends.

For example, diving that $1,000 by 4 weeks, you have $250 for each week. You can keep $20 for everyday (Mon to Fri) which comes to $100 for weekdays, and $75 for each Sat and Sun which is $150 (considering you might eat out mostly). Below is how the month looks like:

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The Catch

You might be wondering that this is a bit too much calculation to go about, but let me tell you that a flexible rule is better than not having any at all! Imagine, you have a budget of $1,000 every month but by the last week, you’ve exhausted your funds. Where is the fun?

Now imagine this – you don’t use up $20 everyday. Perhaps you’ve bought most of the grocery items in the first week and it’s only the other things you need. Nevertheless, if you have used your money only thrice you have about $50 from one week. If you have done the same for three weeks, you’ll have $150 in your extra money box!

We won’t talk about extras from your weekends because that’s your privilege and you don’t have to tamper it for rules. However, if you’ve not used all the money and save about, say… $50 from all four weekends, you’re a champ, because you just saved yourself $200!!! That’s the magic of a flexible rule.

Isn’t that super fun for the end of a month? Go and get yourself those much awaited accessories or shoes or whatever you wanted.

Remember, it’s not how much you saved (because that’s imperative for people who are earning), but how much you’ve been able to control the urge of nonsense buying. Yes… that’s actually true! We do a lot of nonsense buying and get home things that don’t even make sense later.

With a plan and a rule, you might make the best out of the worst financial situations as well. Isn’t that wonderful?

So go ahead and make a plan that fits your income and budget style, and let me know how it goes. I would also love to read your comment if you found this article helpful.

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Thanks for dropping by!

3 Thoughts

    1. Hi – thank you for the kind words. I couldn’t quite get your query in the end? If you ask me about the source, it’s a personal experience (tried and tested for months and months). It certainly works for me because I used to shop for unwanted items a lot. Having this plan in my life lets me control my expenses and also keeps my money in check… not to forget the small happy surprises you get at the end of every month.
      Saving money doesn’t end with a core saving. That is intact! But knowing how you are spending your hard-earned money and controlling the outflow really helps.
      If this is not what you asked for, please let me know. 🙂
      Have a great day!


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