Here is the best way to save money, based on your zodiac sign.
Automate your savings. Aries, you are known for being just a bit impulsive. On payday, when your checking account is feeling fuller than usual, it is hella tempting to want to spend the cash you have on fun outings and items. While this can feel amazing in the moment, making frivolous spending a habit can seriously harm your financial health.
To remove the impulse, have a percentage of your paycheck automatically deposited into your savings account. The reason this works is because it helps you defeat “present bias,” a psychological phenomenon that means you are more likely to make choices that benefit your current self over your future one. By automatically having money put into your savings account, the decision to save is essentially made for you, lessening the chances you’ll want to transfer that money back to your checking to spend it.
Delay purchases.Taurus, you enjoy the finer things in life. For you, luxury is not a privilege, it is a right. You want beautiful things and you deserve them! However, you still need to spend within your means. You can’t buy everything you want and love all at once.
To help pace yourself and determine what you actually love and will use, delay purchases by a specific time period. For example, when you see something you really want to purchase, give yourself three days before you allow yourself to do so. By the time the end of the third day rolls around, you may find you didn’t want it after all, saving you money. You can also give yourself longer time between making a purchase such as a month, three months, or longer. It’s all about what works best for you.
Take advantage of free (or low-cost) activities and socializing. Gemini, you are curious and love to socialize. You thrive most when you stimulate your intellect through new experiences and people. However, fueling your hobbies and social life can seriously add up financially. But it does not have to!
Instead of spending your hard-earned cash on having a good time, find low-cost or even free ways to enjoy your spare time instead. You can scour Facebook for free events in your area or check local listings. Other options include hosting a pot luck with friends or happy hour at home. Don’t be afraid to get creative!
Limit the online shopping. Cancer, you are a homebody to your core. You feel safest in your own space and need a lot of time alone to recharge. Sometimes, however, this can get you into the downfall of online shopping. With everything you could ever want being a few clicks away, from the comfort of your own home, it makes sense why you succumb to the trap.
In order to save money better, find ways to curb your online shopping. Some ways to do so include not saving your credit or debit card information in your keychain, adding things to cart without checking out, or even blocking certain store websites using an app such as Self Control.
Pay yourself first. Leo, you know your worth and want to invest in yourself. This is why the best way for you to save money is adhering to the “pay yourself first” budgeting strategy. The pay yourself first method is when you put away money for savings, retirement, and debt prior to putting your cash towards bills and other purchases.
The reason the pay yourself first strategy works is that it keeps your future self in mind, preparing your for financial stability and wellness. Automating transfers to certain savings accounts can make paying yourself first even easier.
Create (and adhere to) a budget spreadsheet. Virgo, you are meticulous and detail-oriented. Use these qualities to your financial advantage and create a customized, personal budget spreadsheet. You can use an Excel sheet or Google Sheets to create it.
There are plenty of templates available online, including on Pinterest and Etsy. You can start with one of these templates as your foundation and customize it for your own expenses from there. Or, you can start from scratch.
Use the “envelope method.” Libra, you are all about balance and harmony, which is why using the “envelop method” for budgeting is perfect for you. Also known as “cash stuffing,” the envelop budgeting strategy helps organize your finances and keep you on track to meeting your financial goals.
To use the envelop method, divide your budget into various categories (i.e. groceries, rent, credit card debt, car payments, savings, etc.). From there, place the desired amount of cash into its allocated envelope. While this does take more effort to implement, the envelop method does help you stay on track and keep a close eye on your money, making it easier to save.
Focus on building a solid emergency fund. Scorpio, you are all about self-protection and keeping yourself safe. And what better way to do so than to have financial stability? One of the top things, if not the top thing, you should prioritize while creating financial security is building an emergency fund.
An emergency fund is exactly what it sounds like: money stashed away in the event of an emergency such as a job loss, sickness, or otherwise. Financial experts recommend starting with saving three to six months of living expenses to keep you covered in case something goes wrong.
Travel off-season. Sagittarius, you were born with wanderlust in your veins. You want to see the world and you deserve to do so. Luckily, saving money does not mean you need to sacrifice your desire to travel. You do, however, need to be mindful about the way you travel.
One great way for you to save money is to travel to your desired destinations on their off-seasons. This way, flights, room and board, etc. are less pricey.
Invest in a 401(k). Capricorn, you work so hard. Your career means everything to you and you bend over backwards for your job. This is why investing in a 401(k) is the best way for you to save money.
A 401(k) is a retirement savings plan offered by employers. A 401(k) gives you tax breaks on the contributions you make to your account. Contributions are automatically withdrawn from your paycheck and invested into funds of your choosing. In 2023, your limit is $22,500. A 401(k) makes saving for retirement seamless and makes building wealth far easier. You work hard for your money, Capricorn. Make it work for you, too!
Find creative ways to streamline your budget. Aquarius, you prefer non-conventional approaches for living. You detest the idea of adhering to the status quo. You want a unique life to match your unique soul. This is why finding unique solutions to paring down your spending is the best way for you to save money.
Some creative approaches to streamlining your budget are manifold and can include canceling unnecessary subscriptions, freezing your credit cards, meal-prepping, doing no-spend challenges, and more.
Meal prep. Pisces, you are one of the biggest foodies of the zodiac. You enjoy a good meal and find it not only a great way to socialize but also a fantastic way to take care of yourself. This means you love dining out, too. That said, eating meals out of the house can add up. This is why meal prepping is the best way for you to save money.
The benefits of meal prepping go beyond just saving money as well. Other plus sides of planning and prepping your food includes saving time, reducing stress, and controlling weight.