When it comes to money management, many of us feel like there’s more we could be doing to be more sensible and responsible with our pennies. But, big goals like ‘save more money’ or pay down debt can quickly become overwhelming and leave us feeling like there’s nothing we can do. The good news is that there are several small habits you can work on and develop over time to become better at managing your money, without having to make drastic financial changes or doing too much.

#1. Paying Off Small Debts:

When it comes to paying off debts, tackling them all at once can quickly become very overwhelming. So, it’s a wise idea to use the ‘snowball’ method, which includes paying off smaller debts first, while only paying the minimum payment towards your larger debts. Once you’ve fully repaid a smaller debt, you will be left with more money each month that you can put towards your larger debts, until they are fully repaid. When it comes to consolidating smaller debts like low balance credit cards, store loans and small hire purchase items, a short-term loan can help. You may save money on interest and reduce your repayment terms by using a short-term loan from a site like LoanPigUSA to consolidate some small debts.

#2. Saving More:

Saving more money is something that many people struggle with. If you’re already putting away as much as you can afford every month into a savings account, then you might be wondering how you could possibly manage to increase that amount when your budget with what you have left over is tight. Or, perhaps you would love to start saving some money, but simply can’t find the additional funds each month. The good news is that there are some small changes you can make to enable you to save money without having to take a large chunk of your income all at once each month. For some people, saving a smaller amount every week can seem more manageable, or you could switch to a bank that automatically saves the pennies for you each time you spend. Skimming your account by rounding your balance down and saving the difference every day can also have a bigger impact than you may realize.

#3. Rethink Your Expenses:

Last but not least, there are probably plenty of ways to save money compared to how much you are spending and saving right now; you just need to be willing to put the time in to do the research and figure out your best options. It’s a good idea to go over your bank account and see where you could be spending less. For example, if you are due a new cell phone contract, could you be getting a better deal by not upgrading your handset? Perhaps you could switch to a new utility company for less, or maybe shopping at a different store will help to cut your weekly or monthly grocery spend.

Often, better money management is all about making simple yet effective changes to our habits.