In an ideal world, everyone would lead perfectly happy lives and not give a second thought to whether they could afford big-ticket items. The truth is, there are many people out there that struggle even to feed their families, let alone ponder the purchase of expensive goods.

The trouble is, we don’t live in an ideal world. There is an apparent disparity between wealthy and poor people that won’t go away any time soon. Keeping that in mind, if you struggle to make ends meet, how on Earth do you save money for anything?

 

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Saving for a significant expense, such as a new TV or even a much-deserved vacation might seem like a pipe dream. As crazy as it sounds, it’s not impossible to save money even when you’re sailing close to the wind! Here’s how you can make the impossible possible:

Lower your debt (and your monthly installments)

The first thing anyone should do is look at the debts they owe to creditors. Believe it or not, there are many ways you can decrease or even entirely eradicate each debt. For example, debt management plans and bankruptcy are two such examples.

There’s even the highly acclaimed Debt to Success System (or DTSS for short) that can help you with your financial goals. And in case you wondered, DTSS is no scam; it’s an innovative approach to dealing with your debts.

Some people even opt for debt consolidation, where they take out a large loan to pay off lots of smaller ones. The result of such an approach is you’ve got less interest to pay, and a lower monthly installment to make.

Keep a money jar at home

Let’s face it: you’ll always have some spare change in your pockets each day. When you come home from work each day, consider putting some of that change into a money jar. It might seem like a mammoth task, but it’s a great way to start saving.

Sure, it might take you longer than most people to save for a financial goal. But, the point is you’re still able to save money and eventually afford to buy a new gadget or take your family on a once in a lifetime vacation!

Use an app to help you become a realistic saver

Did you know there are countless apps for Android and Apple smartphones that can help you become a realistic saver? If money’s tight in your household, you’ll likely only put aside a few dollars each day or week.

There’s an interesting article over on the Entrepreneur website that lists a few different apps to help you better manage your money and save regularly.

Stop paying for things you don’t need

Lastly, there’s no denying that many people regularly pay for “little luxuries” each month, such as Netflix subscriptions or gym memberships. The thing is, paying for several of those luxuries each month is part of the reason why you’re so broke!

With that in mind, go through the subscriptions and memberships that you pay each month. Be brutal, cancel all the seldom-used ones, and keep one or two offering real value for money in your life.