Jan 12, 2017 09:22 AM EST By Audri Taylors, UniversityHerald Reporter

In case you have not realized it yet, it is your little money habits that set a life of prosperity apart from a life of constant financial stress and struggle. It is not just about savings like what most people would think. There are lifestyle habits that impact how much we are able to save and how much goes out of our pockets.

If your goal this year is to save more money, then here are a few financial habits you need to learn and start today.

Budgeting

If your goal is to save, budgeting should be in practice according to Simple. Budgeting is an essential step so as to curb your spending into the important things alone. To get started, remove your own expenses from your income. Also keep track of the things where you money is going so that you can which of these things can still be removed but make sure you don't go to the point of almost depriving yourself.

Reverse your thinking

You don't have to look at money from a negative perspective because it is money that pays for a lot of important things in your life. It's all a matter of how you spend your money. When you get an increase, it does not mean that your expenses should increase too, as it is your savings that should be increasing.

Do not overspend on lavish things

It's okay to spend for certain wants sometimes but these wants should make you happy, and not something you do out of peer pressure or just to impress some friends and relatives, according to Business Insider. Make sure that the things you are spending for make you feel fulfilled and satisfied.

Set up automatic payments

This is a great habit you need to start soon if you want to be able to save. All you have to do is to set it up on your bank once so you will not always have to decide on setting aside an amount of money for savings or not. If you do not have a savings account yet, there's no better time to open one than now.

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