When it comes to saving money, I wouldn't say that I'm an expert, but I was able to manage our finances with much success. As what everybody else is saying, you will never ever succeed at this if you don't have discipline, so I would say that this is the first key. Next would be your ability to think wide. Having said that, I am referring to your ability to imagine things like finding ways and means to cut on your expenses, earn from extra sources and of course, more importantly the ability to grow your money. All these are very important when your ultimate goal is to save and be financially stable. I know that there is no short cut to all these as most would definitely take time, especially when you are just saving minimal amount of money every month. However, these steps would not be successful without considering the other. If you wish to save more, the first thing to do is to cut on your expenses. As what I've been saying in my previous posts, the amount of money you can save from cutting on unnecessary expenses is always the best start to save.
We have to face it, it's not so easy to find an extra source of income, it definitely takes time, so while you are doing that, finding ways to cut on your expenses would be a great way to start. We have to face it, not everything we spend for every month is a part of our basic necessities. You might be surprised that we are spending more actually for things we don't really need. That being said, it is of paramount importance that we re examine our spending habits.
After we are able to cut on our expenditures, probably our next step is to look for additional source of income. It doesn't need to be a huge "money maker" but just enough to add up on our savings and to grow our "emergency fund". Remember, it is not how much you make but how you keep, save and grow your money that matters. There's a lot more to talk and discuss as far as "money issues" is concerned but more importantly, we have to change the way we look at managing our expenses. This will give you a lot more reasons to be happy in the end.