As an investor for the last five years I have found that the best way to increase money saving is to look into the many different sectors of business and where they can help you. The first sector that has always given me a good profit margin is the service sector. This means anything from house cleaning to pet sitting to washing windows. It really does not matter what you are doing as long as you are providing a valuable service and there are people who will pay for it.

The second area I focus on is the financial sector. There are many things that you can do here as a business or a consumer. You need to find the products, research them thoroughly and then find ways to save money by using them. For example: buying a home with a fixed rate mortgage and then refinance when rates drop. Or buying food at the local supermarket, then using coupons to save money on your shopping.

Another money saving strategy I use is opening up an account at the bank. This way I know exactly how much money I have in each account. If there is any money saving I am able to take advantage of it and that is what accounts like this are for: to help keep track of what is going out and what is coming in. In most cases you need to close a bank account once you have achieved your financial goals. They are too risky to keep around for too long a period of time.

Finding out what you need to know and finding someone to help you is the simplest thing you can do when it comes to money saving. It is not going to happen overnight so in the meantime just do what you can. It may take a while to find what you need but if you stick with it will all be worth it.

Another option is setting up a savings plan with your employer. It is important that you go this route instead of going with a credit union. A credit union can get you a lot of money saving ideas but they are often tied into high interest rates and they are not as flexible. What you need from a saving plan is flexibility and freedom. You don’t need to worry about going into debt.

Find out what tips other people are using and how they have managed their money saving. Remember that being organized and clear headed are also big key elements in being successful with your money saving efforts. The more information you find the more confident you will be when making financial decisions. So open up, find out what other people are doing, and follow these tips.