Saving money is never easy. Just when you though of saving the extra bucks, there goes the chance to put aside more money after you splash on your next latest gadget.

But have you honestly thought of why you wanted to save money in the first place? Is it to just to pay for the deposit for a car, the new Pentium computer or for your next Hawaii vacations? Perhaps you need to plan for your kid’s education or your own retirement needs? After all, if you know why you are trying to save more money, the motivation would be stronger.

The following tips will help you to save more money easily.

One tip to save more money is to start tabulating your expenditure. One thing that I have carried out is to divide my monthly expenditure. By dividing my expenses into different categories ranging from my insurance needs to my daily food purchases, I am able to know how much I should spend on each item.

In order to save more money, you also need to cut down on your expense. Try looking for freebies, renting instead of buying and buying things in bulk. Use recycle papers and try looking for second hand good off the internet. I have even subscribe to a free internet telephone just to save a few more dollars per month. Make use of skype and other free services around to save on your monthly bills if you can.

Saving money requires planning and knowing your long term goals helps as well. And by building some form of passive income, the amount of money you can save each month also substantially increase. However, building a passive income is not a one day affair and it still pays to watch your daily expenditure and working hard for that promotion before anything else.