Melissa is a mother of 2, lives in Utah, and writes for a multitude of sites. She is currently the EIC of HarcourtHealth.com and writes about health, wellness, and business topics.

No matter how much money one makes, nobody truly has free reign over their finances. No matter your situation, it’s important that you place limits on how much you spend. The money that goes in shouldn’t immediately disappear out of thin air, and it’s important that a lot of your funds are saved in the event of an emergency.

Still, sometimes saving money can be a task that’s easier said than done. While some people go to extreme measures to save money, there’s a perfect middle ground that allows you to save cash while living comfortably.

Consequently, here’s how to stop being a spender and start being a saver.

Assess Your Finances

Saving should never be done blindly. To do so might mean that you’re excessively saving, or conversely, not quite saving enough. Whatever the task at hand, it’s always better to be as informed as possible when it comes to your finances. Begin by auditing yourself and analysing your monetary traffic; where is your money going, is it being wasted or spent reservedly?

Still not satisfied? Well, you can utilise the services of a financial fitness calculator, which will help you get a more firm grip on things. It takes than less than five minutes to get a sense of your score here, so it’s worth gaining that extra bit of insight. In the end, you could potentially be upending an entire lifestyle to become a saver. It’s not impossible, but if you can get as clued in as you can, you stand a much better chance of succeeding.

Instill Discipline

It’s only mildly understandable (but not advisable) to recklessly spend when you’re a teenager and/or a university student. After all, there’re many learning curves here when it comes to living solo and being solely responsible for your finances. Overdrafts are incurred and phone calls to parents are made. Still, as the years go by thereafter, it becomes less acceptable to behave like this, or indeed ask for help.

Banks won’t bail you out of financial hardship like parents will, and no ones going to freely give you money either without expecting significant repayments. Consequently, no matter your age, it’s important that you instil a sense of discipline within yourself as early as possible. Eliminate any unnecessary spending habits, and if money’s tight, don’t be afraid to turn your friends down on any social invites. Keep yourself in check!

Budget Effectively

Of course, having some discipline doesn’t mean that you should never spend. There’re numerous costs out there that’re unavoidable and mandatory; bills, mortgages, car maintenance, shopping, travel fare etc. One of the larger points of saving is that it means you never need to compromise or fall short of these essential payments. Therefore, you should take care and budget for them all.

Budgeting will ensure that you set enough money aside each month to make these payments. Landlords won’t come chasing you, and you’ll live comfortably and well within your means. Moreover, you’ll have that peace of mind that comes with a robust budget plan, and you can set your worries aside. Your money will be directly channelled into the productive areas of your life, and some of what’s left can perhaps be spent measurably, not excessively, on non-essential items and experiences.