Chicago Budget Adventure

Best Ways to Save and Grow Money







1- Record your expenses


Keep track of all your expenses. This way you can find out how much you can save/invest.



2- Set saving goals.


A great way to save money is to set a goal. Start by thinking how much money you need to save and how long it may take you to save. Maybe you want to save for a down-payment on a house (5+ years) or for a vacation (1-2 years).



3- Find ways to cut your spending


If your expenses are so high. You may want to think about cutting back. Identify the non-essentials. And think of ways you can get goods/services on a better price.


4- Invest


Start investing in order to grow your money. You can invest on a ROTH IRA or buy real estate. Buying a home is a great investment strategy.