New Mattress Guide

Fortunately, there are a lot of different ways that you can make the process of saving up money for a new mattress easier. Making just a few small changes to the way that you manage your money can help you put aside extra cash for your mattress quite quickly. That means that you don’t have to wait forever to get the mattress of your dreams.

The first thing that you need to do is figure out exactly where you are currently spending your money. Take a look back at the past month. Go through every purchase that you made, writing down what you bought and why you bought it. Sort the purchases into different categories. For instance, you might have a category for food, another for entertainment, and another for your utilities. Use as many categories as you need to get everything neatly sorted. Add up the totals for each category so that you can get a better idea of what you are spending your money on.

Next, take a closer look at all of your purchases. Decide whether or not each item that you bought was really a necessity. As you go through this exercise, look for ways to save. For instance, if you typically grab a protein bar for breakfast at a convenience store on your way to work, you could probably save money by eating cereal at home.

If you have any monthly subscriptions, ask yourself whether or not you really need them. Along with things like magazines and newspapers, there are now a lot of TV subscriptions available that allow you to stream TV shows and movies. Even though these subscriptions only cost a few dollars a month, they can really add up. Get rid of any unnecessary subscriptions so that you can put that money into savings toward your new mattress instead.

Next, you should look into ways that you can automatically save. Most banks will allow you to set up automatic monthly transfers where a certain amount of money is transferred from your checking account to your savings account. This is a convenient option since you don’t even have to think about saving.

Some banks will also allow you to save your spare change by rounding up each purchase that you make and automatically transferring the extra change to your savings account. For instance, if you buy something that costs $1.20, they will round the purchase price up to $2.00 and will then transfer $.80 into your savings. Even though this doesn’t sound like much, these pennies can really add up over time.