My grandmother used to tell me, when I was in boarding school in the UK, that “a penny saved, is a penny earned.” It’s true! But what is the best method for saving our pennies? Most of the books written on this topic span from “Think and Grow Rich” by Napolean Hill, to “The Richest Man In Babylon” by George Samuel Clason, and many other books on the topic of Wealth Accumulation.
The best advice is the simplest. The best way to save your pennies is to control your use of credit cards, and to pay yourself first, every time that you receive a paycheck. Controlling the use of your credit cards is obvious, do not spend more on credit than you can immediately pay back, before any interest charges are incurred.
Paying yourself first, entails, taking a percentage of money from your monthly income and putting that money into a savings account in a bank. That is the best way to accumulate savings, without touching it. Budget your remaining money to pay all of your bills and all money that you have spent on your credit cards, for that current month. If you follow this simple advice you will begin to see your money grow incrementally, the stress about bills will be gone from your life, and you also improve your money management skills.