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HOW I SAVE OVER $1,000 A MONTH | minimalist money saving tips

hey guys my name is ashlynn and today I

want to share with you how my husband

Christopher and I save over 1,000

dollars every month and don't get us

wrong we are definitely not rich in fact

we make below the national average

income in the United States between the

two of us I'm a student in school and

yet we still manage to save over a

thousand dollars every month and today I

want to show you guys exactly how we do

that there are five tips or guidelines

if you will that we follow to really be

able to make things a priority and be

able to save consistently every month

and there are also a couple of pitfalls

are kind of budget Buster's if you will

that we avoid and I want to share with

those with you as well but let's go

ahead and get started off with the first

tip which is to save first and what this

means is as soon as Christopher and I

get our paychecks every month with a

very first thing we do when we receive

those paychecks is to put that thousand

plus dollars into savings that way we're

able to work with what we have left over

to live off of during the month and

perhaps if there's a little bit left

over at the end of the month we might

add that to savings but by putting you

money into savings first you're able to

in a very physical way make your savings

a priority and by saving first you're

often able to save the maximum amount

because you're not tempted to make

frivolous purchase throughout the month

on money that could otherwise be going

to savings so that's the biggest and

best tip I can probably give is simply

to put your money into savings first at

the beginning of the month when you

first get paid and to keep those

accounts separate keep your spending and

your saving account separate so you can

slowly see your savings increasing and

once again being able to eliminate

frivolous purchases that might be made

because you see a lot of money in your

bank account if you keep that money in

your savings account rather than your

spending account that you'll be able to

mentally see the difference to put your

money into savings first and just leave

it there and let it accumulate my second

tip is to use shopping lists and to

stick to them and oftentimes one of the

biggest ways that we can a waste money

and really just frivolously spend our

money is through impulse purchases that

we bring in throughout the month and

these can be anything from clothing to

food items to furniture or decor it can

really be a host of different items

or even experiences but by creating a

list of the items that you need to buy

whether you're going grocery shopping

and you're creating a grocery shopping

list or you're trying to fill out some

holes in your wardrobe and you're

creating a list for that by using

shopping lists and by really sticking to

them it allows you to bring in items to

your life intentionally in a way that's

going to eliminate you're having impulse

decisions and impulse buying I'm sure

that a lot of us have heard of the

advice and not to go grocery shopping

when you're hungry because you simply

buy a lot more than you actually need in

the same way though when we go into a

store without a plan via a list it in

the same way causes us to buy things

that we don't need and that aren't going

to add value to our lives so whether

you're going into a grocery store at the

mall or any other type of shopping

establishment and this includes online

shopping as well simply create a short

list of the items that you need and

stick to that list it's going to

eliminate any impulse purchases that you

might make and allows you to save a ton

of money in the process

okay tip number three is to wait a

period of time before buying an item and

this can be anywhere from 24 hours to 30

days depending on how large the purchase

is as a percentage of your annual income

but the practice here is true no matter

what your income is and it's simply that

oftentimes in the moment when we're

considering buying an item we can get

excited and exaggerate the need or the

value that something is going to

contribute to our lives and so rather

than getting all caught up in the

excitement of the moment and a big

purchase that you're planning on making

the wise thing to do if you're trying to

save money is simply to wait a period of

time to be able to better analyze

whether or not something is truly going

to add value to your life now I'm all

for making purchases that are going to

add that kind of value but oftentimes if

we wait a period of time whether it's a

day a week a month by weighting that

period of time oftentimes we'll discover

that things that we thought we needed

in the moment or simply nice things that

may or may not actually add significant

lasting value to our lives this is going

to save you money by once again

eliminating impulse purchases but also

purchases that might not be impulsive

they just weren't necessarily thought

through so really just try to be

intentional about thinking through

whether or not something is going to add

value to your life before bringing it in

it's going to save you money in the long

run by making sure that you're only

going to bring things into your life

that truly bring you joy moving on

number four is to slash your expenses

and this is particularly important when

it comes to monthly expenses like rent

utilities insurance or anything like

that oftentimes we just kind of accept

these expenses as being they are what

they are but a lot of times there's a

lot that we can do to really be able to

reduce our expenses in these areas a

great example of this is car insurance

oftentimes if you simply shop around at

a few different places for car insurance

you'll be able to save a considerable

amount of money each month by simply

going with the option that is the least

expensive for the amount of value that

you need from it

another example is cell phone plans they

can range hugely in terms of their cost

per month and the benefits that they

offer and so it's a good idea to figure

out what benefits are most important to

you and shop for a plan where you're

only going to have to be paying for

those benefits that you need and

hopefully none of the ones that you

don't

so really dive into your monthly

expenses figure out what you're paying

for each month and if there are any ways

that you might be able to slash your

expenses so that you're able to save a

considerable amount of money every

single month and we'll say one really

important one to be looking out for is

if you're paying for whole life

insurance rather than term life

insurance that's an easy way that you

can save hundreds of dollars each month

so definitely look into that one as well

as the rest of the ones I've mentioned

here and number five is simply to budget

and to stick to your budget nothing is

going to help you to be able to save

more money than simply creating a budget

each month designate how much you want

to go into savings and how much you want

to spend on the rest of your life and by

whether it's loose categories or

strictly defining your by

but by setting aside money for each of

the areas where you spend money each

month it allows you to be a lot more

intentional with the way that you're

spending your money and also be more

conscious of have it you're spending

your money as well one of the biggest

reasons why we don't save more and we

currently do is simply because we're not

aware oftentimes of how we're spending

our money we simply swipe a card and

move on with our lives and don't really

pay attention to how much money we have

until perhaps we don't have enough so

really become conscious of how much

you're spending each month by creating a

budget and then the hardest part of

creating a budget simply sticking to it

this is one of those tips that's easy

for me to say but I know from personal

experience it is hard to live out so

find an accountability partner find

somebody who you can discuss your

financial situation with and who can

keep you accountable to the savings

goals that you have and encourage you to

stick to your budget and really meet and

exceed what your goals are financially

so those are the five tips that

Christopher and I use to be able to save

up for $1,000 every month but we

wouldn't be able to do it without

avoiding some of the common savings

pitfalls that people fall into and there

are three of these so let's run through

them really quickly and the first one is

the tendency people have to replace

anything that's broken and to buy

everything new the concepts of repairing

things that are broken and buying things

secondhand I think are largely lost on

many people today but there are so many

benefits to really being able to shop

secondhand and to being able to DIY and

actually learn how to fix things and not

the least of them is that you're going

to be saving a ton of money in the

process now I'm not saying you need to

buy everything secondhand but trying to

decide where it's best to save money by

buying secondhand or by repairing

something versus when it's good to spend

money is it helpful thought process to

go through and if you're gonna strike a

good balance between the two I promise

you're going to be able to save a lot of

money in the process and also be able to

use things that you love for a longer

period of time as well by repairing and

simply reusing items the second one is

to blow your budget on entertain

and I think that oftentimes we get

caught up in wanting to spend money on

every activity we do and we forget that

aren't there are so many amazing free

activities around us whether you want to

go for a bike ride go to the park go on

a walk go on a hike or simply spend time

with friends playing games baking there

are so many different free activities

that you can do and I think that a lot

of times we first go to let's go to the

movies let's go do something that I'm

fell spending money but I highly suggest

that you look at what are some free

entertainment options as well that you

might be able to pursue once again if

you can create a healthy balance between

spending money on entertainment and also

saving money by doing things that don't

require a huge outlay of money you're

able to really strike a balance that

allows you to live a fulfilling life but

also save money in the process and

finally I think this is probably the

biggest budget buster in the United

States it's to spend too much money

eating out I have friends who eat out

every single day and sometimes multiple

times a day and the amount of money that

is involved in spending money eating out

versus preparing your own food is huge

not only is the amount of money that you

spend not really always worth it because

you're often ingesting food that's not

as good for you as if you had prepared

it yourself but you're also spending

extraordinary amounts of money simply on

a buying pre-prepared food so if you're

wanting to save money try eating in more

so just consider how you might be able

to be more intentional in this area by

simply eating in more and eating out

less you can stand to save a ton of

money well there you guys have it those

are the five ways that Christopher and I

save over 1,000 dollars every single

month as well as some of the pitfalls

that we avoid as we're trying to save

money I hope that this was helpful for

you and it gave you some inspiration and

ideas on how you can save more every

single month and whatever your financial

savings goal is whether that's $1,000

$2,000 $5,000 or even 100 or $500 mems

that you can save on a routine basis is

going to help you

to establish your long term goals be

able to be saving money for the future

and also living more intentionally with

the way that you're spending and saving

your money I'd be interested to know

though if you guys have any savings

goals how much are you trying to save

every month and what strategies and tips

are you using to really be able to

accomplish that let me know your

thoughts on this in the comments below

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a great day guys and I'll see you in the

next one bye