Ever wonder how can you save money and stop going on a shopping free or a friday night out? You already have a savings account but you just keep on withdrawing the funds?

Here are some tips on how to save your money and spend it wisely;

1. Track your daily expenses - it is a must to track or list down your daily expenses for you to be able to know what are the things that you need and the money that you need to budget on a daily basis.

2. Needs VS Wants -  it is important to know if you are buying something. do you really need this item? do you just want this item just to be in style? if you are on a budget you must know the things that you need not just because you want it make sure that you really need this.

3. Make a weekly costing - lets say you allotted this amount of money for groceries and bills on my case i make a weekly tally using ms excel as it is more efficient than writing down everything.

4. Open a time deposit - YES! i know that this is a bit hard because when the time comes that you need the money just for your luxurious needs you cannot withdraw it but then it doesnt matter if you are out in style for 2015 atleast you have an investment when you need it.

5. Know your financial responsibility - Again, each one of us needs to enjoy however if you don't save even just a little of your salary how can you excel? how can you put up a small business? will your luxurious bags clothes and gadgets help? come to think of it. if you wanted to save money you must know your responsibilities and limit your luxurious shopping spree or even partying that wouldn't help you grow.