People look for ways to take control of their expenditure efficiently. Some business owners started from scratch and have achieved their dreams because they saved some money [VIDEO]. Everyone likes to earn some cash, but not all people #Save some of their earnings. It might be hard for you to start saving, but the moment you get used, it becomes easy. Some people are not aware of how to save their cash and for that reason, here are a few tips.

1. Set up a different savings account from your checking account.

By establishing a #Savings Account, it helps you overcome the temptation of withdrawing your savings before due time.

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Moreover, while in your savings account, the #Money can start accumulating if you regularly put some money in the account. However, it's advisable to also have some savings in your main account, in case of emergency and you need money urgently since a savings account might take you up to two business days for the money to be in your hands.

2. Avoid credit cards and use cash instead

Every adult is responsible for his/her credit card, and people should learn the challenges the might meet and the mistakes they might make using them. Your credit card incurs some side costs every time you make purchases and its advisable to withdraw a decent amount of money to use for your purchases instead of your card, and put yourself on “cash diet.” By doing that you will find you have saved a few more bucks than you do.

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3. You can set a goal

This is one of the best ways to save money [VIDEO]. Figure out what you want, its price and save for it. It can be an electronic, a trip or property. You will have to decide how long it will take you to reach or achieve the price and the percentage of the money you will be contributing and to figure out a time frame, you can use Bank of America’s savings goal calculator. If your goal is your retirement benefits, you better put that money in an investment account, even though they are risky, but they will create opportunities for compounded returns.

3. Reduce your expenditure.

You can choose to skip buying some cups of coffee as well as make your own. Also, you can get a starter culture for yogurt and be feeding it with milk, and you will have homemade yogurt. When you want to hold a party, don’t meet your pals at the bar where you will have a fat bill to pay. Instead, organize one at your home and enjoy those excellent homemade pizzas. Lastly, you can also change your diet and eat veggies more than meat.

4. Refinance your debt

Take advantage of low interests to refinance your debts as soon as possible. The Fed is going to raise the rates more during this year and next year. It's also the best time to shop around for most of the things you need like furniture and electronics before the price hike after the increased rates.