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.
How to Set Up Your Budget. Setting up a budget is a straightforward process. It helps to have a list of the bills that you must pay each month as well as your expected income. If you have not budgeted before, you can start by looking at your past three month’s expenses. Using your bank statements to break these into categories. If you have budgeting software, you can upload your statements and use the software to start to sort them.