The fact of the matter is most of us can save more money than we do but first you have to make a few money mindset shifts.
Focus On Spending Instead Of Saving
Be more mindful of when you spend. This goes beyond budgeting, to adding up your non-essential weekly and daily spending on things like coffee, dining out, clothing, entertainment, and more. If it helps, ask yourself before each unplanned purchase if it is a need to have or a nice to have.
When I say cash only, I’m not just referring to using your credit cards only for emergencies—but to giving yourself a weekly cash budget. The goal is to be more mindful of where your money goes, and if you can only use the cash you have a visible and more tangible idea. This doesn’t have to include automated monthly bills like your utilities—but it should include electronic transactions such as in-app spending, digital downloads, streaming services, non-essential monthly subscriptions, and more.
Finally, sit down once a week and take a look at where every penny you’ve spent has gone. If it helps use a daily spending app or journal so you can visualize your spending.