Easy ways to save money

We are midway through the year.  Before you know it, it will be holiday season.  Now is a good time to like at your expenses to find ways to cut them down and save money.

1. Know your expenses. Keep track of all of your expenses from the fixed expenses like your mortgage to the variable expenses i.e., coffee, gas, groceries and recreation.
2. Once you have an idea of what you spend in a month, you can begin to organize your expenses into a workable budget. Your budget should outline how your expenses measure up to your income—so you can plan your spending and limit overspending. In addition to your monthly expenses, be sure to factor in expenses that occur regularly but not every month, such as car maintenance.
3. Set a savings goal. One of the best ways to save money is to set a goal. Start by thinking of what you might want to save for—anything from a down payment for a house to a vacation—then figure out how long it might take you to save for it.
4. Set priorties. After expenses and income, goals will have the largest impact on your money.  Set both long term and short term goals.  For example: 

                  Short term goals (1-3 years);Emergency fund (3-9 months of living expenses), vacation, down   payment for a car.

                  Long term goals (4+ years); Retirement, Children’s education