How to Save Money. To build wealth, you have to start somewhere. Therefore, the ability to save money is the cornerstone of building wealth. In order to save money, you need to spend less than you earn. This may seem obvious, but so often, it's easier said than done. Fortunately, there are several devices you can use when beginning to save money, even when your budget is tight.
Next list all your variable expenses_those that may change from month to month such as groceries, gas and entertainment. This is an area where you might find opportunities to cut back. Credit card and bank statements are a good place to start since they often itemize or categorize your monthly expenditures. Tip: Record your daily spending with anything that’s handy_a pen and paper, an app or your smartphone.