If you want to find money to save, you need to know where all your money is going in the first place. Once you've created a budget, it's time to start looking for ways to cut expenses or increase your income or both.

There are lots of ways to spend less. Here are a few guidelines:

• Convenience costs! Whether you're buying groceries at a convenience store or using an ATM machine that charges you extra fees, you're almost always paying more than if you had planned ahead. 

• Do your homework. Especially when it comes to big-ticket items, you can save a lot of money if you know all the costs involved and all your options before you buy.

• Wants vs. needs. Before you buy, ask yourself, "Do I really need this?" If the answer is yes, consider whether it falls within your budget and how it affects your saving goals.

• Pay yourself first when you "pay yourself first," you put money toward your saving goal before you can spend it. If your employer or bank offers direct deposit or automatic transfer, you can have money put into your savings account directly from your pay cheque. If you get a windfall-such as a bonus from work, a cash gift, or a tax refund-make a point of putting some or all of that money into savings. Make sure your budget includes a line item for saving-even if it's only a small amount

Did you know:  Did you know: If you are buying a can of coke from a vending machine every afternoon 5 days per week and 4 weeks per month, you could be spending 20 quid a month. If you bought two cases of coke at the supermarket and carried them to work instead, you could save 8 quid a month, that's just under 100 quid a year extra without you having to sacrifice anything.

Next, see  cutting expenses or increasing income