Life Hacks to Keep Your Money Flowing

Moni - Spend, Save & Borrow
2 min readApr 25, 2024

Navigating finances can be overwhelming. It’s hard enough to stick to a budget strictly and cut down expenses. So in this article, we’ll share some valuable life hacks to keep your money flowing, along with tips on saving and budgeting.

  1. Track Your Expenses:

One of the steps to take when it comes to saving and budgeting is keeping track of your expenses. It allows you to categorize your expenses and identify areas where you can cut back and save. To do this, start by taking an inventory of your accounts and grouping your expenses into different categories, this will help you see where your money is going. Break them down into wants and needs and then create a budget.

2. Set Realistic Goals:

Saving money becomes easier when you have clear goals. Write down your goals and make them as clear as possible. Outline the steps you need or in this case, how much you need to save to hit that goal. Set up weekly, biweekly or monthly savings towards your target on the Moni app. With each milestone you achieve, you’ll be one step closer to financial freedom.

3. Automate Your Savings:

Make saving effortless by setting up automatic transfers with Moni. Choose a specific amount or a percentage of your income to be transferred to your savings account regularly. This way, you’ll save consistently without even thinking too much about it.

4. Cut Back on Unnecessary Expenses:

Identify areas where you can cut back on unnecessary expenses and try some money saving hacks. Maybe it’s eating out less frequently or canceling unused subscriptions, every penny counts. Understand and identify your spending triggers to avoid impulsive spending.

5. Pay off your debts:

Before you start saving, you should prioritize paying off your debt to enable you focus on your main goal which is “saving” rather than paying off debts. Paying off your debts on time also increases your credit score and reduces the accumulated interest over time.

Follow these life hacks and take advantage of Moni’s interest rates to earn interest on your savings and grow your money over time.

Remember, it’s never too late to take control of your finances. Start implementing these tips and watch your income grow with Moni.

Happy saving!



Moni - Spend, Save & Borrow

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