Money, the fuel on which modern world runs. We all talk about it, we need to save it, invest it and spend it smartly. If you do not save money, you may end up facing a lot of trouble in unforeseen circumstances. It is not only how much you earn, but how you spend it that matters more. Hence, it is important that you give it a thought regarding how much are you saving, or are you saving money at all? By following some simple steps, you can save a lot of money.

The first step is to put a rein on your shopping. Make a list of shopping items before stepping out, so that you do not end up buying random items that are not really required. Try buying items on bulk as it offers great discounts, and make use of the sales as well. Using public transport and car pools is another great way of not only saving money but also the environment. Pay your bills on time, to avoid paying the late fee. If you are taking a loan or debt, look for the lowest possible interest. More importantly, draw a monthly budget and stick to it.