How To Start Saving More Money

How can I start saving more money?

Sometimes, depending upon the stage of life that an individual is in, they think that they have so much overhead that they find it hard to save. They have to pay tuition, they have to pay for books, they may have to pay for rent, and they wonder where they're going to get the money to save. One of the techniques that I advise them in is I ask them if they buy coffee everyday at the fancy coffee shop. Invariably, the answer is yes. When I ask them how much they spend on coffee a day, they tell me it usually amounts to several dollars. I say "Instead of buying coffee, make the coffee at home, and then take that money you're saving, and put it in a savings account. You'll find that if it's two dollars a day, just on the business days, that's ten dollars per week. That's 520 dollars a year, and that's a start for paying yourself, first."