Think about it. It’s a lovely Saturday morning, and you’re sitting on your couch watching some shows while scrolling through your bank application. You glance at your savings account, and there’s an instant smile on your face. Does that seem like your everyday reality?

Or are you more of a person who feels the usual anxiety about bills and expenses, and there’s this sense of dread every time you check your savings account? If you’re tired of living paycheck to paycheck, it’s time you start saving correctly every month and turn that earlier thought into your reality. With the right tips, platforms, and money saver app, saving every month can become really easy for you. Don’t know how? Here are five practical monthly savings tips to get started.

1. Set Clear Savings Goals

First up, start by clearly defining what you are saving for. Whether it’s a new car you want to buy, an emergency fund, or a vacation you want to go on. Having these specific goals will help you stay motivated and focused on your plan. Next, break these goals down into smaller milestones. For example, if you want to save for a vacation, figure out how much you need to save each month to reach your goal by your desired departure date, and act and save accordingly.

2. Add the Touch of Automation to Your Savings

It’s easy to forget to set aside a certain amount of money every month for saving or prioritize spending over saving but with the touch of automation all of this can be avoided. Set up automatic transfers from your current account to your savings account right after your regular payday. This will help you save money without even second-guessing about it.

3. Track Your Expenses Closely

Keep a tab on where your money goes every month to identify areas where you can cut back your expenses. By using an app to save money, like Kashify, you can do this easily. It has a user-friendly interface and a real-time alert feature that can help you categorize your expenses and track your financial habits.

4. Implement the 50/30/20 Rule

Don’t sleep on the power of the famous 50/30/20 rule. It’s basically a simple budgeting method that can help you simplify your saving strategy. According to it, you need to allocate 50% of your income to your needs like your groceries, your bills, etc., 30% to your wants like your entertainment or your dining out things, and 20% to your savings or to your debt repayment. By following this simple formula, you can make sure that you are saving consistently while still enjoying the little pleasures in life.

5. Use a Budget Management App

To make the process of monthly savings even easier, use Kashify as your go-to budget management app. It has features like automated expense tracking and goal setting, and real-time notifications that can simplify the budgeting process for you and help keep you accountable about how you save or spend your money.

Wrap-Up — Start Saving Smarter Today with Kashify!

Finally, don’t let saving money feel like an uphill battle anymore! Use the monthly savings tips you have just read and reap the benefits of tools like Kashify to take control of your money and achieve your savings goals quicker than ever.  Download Kashify today or book a free three-month trial to discover how easy budgeting and saving can be!