If you’re jumping on our 12 habits you can start now to end 2019 about $16,859 richer than you began, you’re going to be saving quite a bit of money — possibly more than you ever have before.
One of the best ways to keep your financial goals on track is to continually monitor and calculate the progress you’re making — which will serve as serious motivation to continue your new habits and reach every financial goal you set for yourself.
We recommend these three ways to track your savings and stay motivated:
1. Number crunch: Calculate your savings after a trip to the store:
You can do this after every purchase you make, or carve out one evening per week to pull out all your receipts, pour a glass of wine and celebrate the money you saved with each calculation:
- Subtract your total out-of-pocket cost from the before-savings cost (original price). This equals the dollar amount you saved.
- Divide the amount saved by the original price. Move the decimal over two spaces to equal your savings percentage!
2. Keep track: Record your savings to motivate future progress.
Calculating and recording your savings is an important part of keeping a budget and tracking your progress as a krazy couponer.
Keep your notebook in a visible place — like the kitchen counter — to constantly remind you of your financial goals and the progress you’re making.
You can create categories like Grocery, Clothing, Eating Out and Household Bills — then challenge yourself to decrease your spending in each category every single month.
Pro Tip: Just follow KCL on Facebook and we’ll show you how to save money on everything from your internet bill to your vacation budget.
3. Track how you saved: Continue using the tools that work for you.
One of the best ways to stay on track is to decide what money-saving tools work for you. Maybe you can only handle one or two rebate apps like Ibotta and Checkout51? Maybe the KCL app provides enough coupons and sale information so that you don’t need to get newspaper inserts anymore?
Track how you saved in addition to the percentages you saved to nail down your own personal process for achieving financial goals.
And don’t miss our 12 habits to end 2019 richer than you began for a step-by-step tutorial on how to save up to $16,859 this year with a few simple changes to your shopping routine.