Managing finances when you’re young can be challenging; however, 20-somethings don’t like to be lectured, told what to do, and more. If you’re older, then try to remember how it felt back in the day when your folks or other older adults tried to share information and office guidance. OK—it didn’t feel too good, did it?

This is why we need to take a different approach with our 20-somethings today. These are individuals who are very savvy in many areas, along with being intelligent. Talking down to them, giving advice, and more needs to be done in a different manner. You want them to pay attention and listen, instead of turning away in frustration.

That’s why we’ve put this guide together. For one thing, it’s aimed directly at those who are 20-something. These tips have worked wonders for many others in the same boat. And they’re not difficult. You can still have a great, active life and save money at the same time. Let’s get started!

Clearing Off the Debts

Are you carrying a large amount of student debt? Does your bank seem to charge too much for the services you’re receiving? And what about direct deposits. Do you know where those are going or coming from?

If not, then here are some ways to save money. Let’s start with your bank. If it seems the bank is charging you for everything under the sun, then it may be time to switch banks. There’s a 7-day switching guarantee that takes the pain out of moving to a new bank. Before making the switch, however, it’s a good idea to comparison shop for banks that have fewer and lower fees, and more. You may even find an account that pays some interest on your balance. And if you’re prone to overdrafts, then look for a bank that offers better terms for overdrafts.

If you have a credit card, then looking for a card with a lower interest rate would also be helpful. It pays to comparison shop here, too, to find a card that’s right for you.

One more way to save is by stopping memberships and other regular payments for services that you really don’t use. And if you do use them, do you use these services more than just once in a while? If not, then it may be time to put an end to these budget draining services. You’ll save money and won’t even miss them!

Shop Around for the Basics

Many people, not only 20-somethings, don’t realise they’re paying more energy and mobile contracts. And what about transportation costs? It may be time to review what you’re paying for each service, and then consider making the switch to a different tariff, or service provider. You can use comparison sites to shop around for the best tariffs and service providers. These are easy to use, and what’s more, you’ll end up saving money in the long-run by making the switch.

Transportation costs can quickly eat away at your budget, too. Here, it can be helpful to do a search online for savings on your train or even car journeys. For instance, you can find reduced rate train tickets, or look for petrol stations (online or through an app) that offer more affordable prices.

These types of switches work to reduce what you’re spending, but don’t leave you feeling as if everything is being sacrificed to save money.

Budgeting Self Care

Self-care is an important part of taking care of ourselves but it can also eat away at the budget. So, it may be a good time to stop and take a look at how much is going out for self-care items. These may include gym memberships, meditation/yoga classes, and more.

Add up how much your self-care expenses are costing each month. Are these expenses creating a huge hole in your budget? If so, it’s a good idea to set a limit on how much to spend on these each month. You can also control the costs with a pre-paid card, or by using a budgeting app to help you stay on track.

Take the 90% Challenge

Financial experts often recommend setting aside 10% of your income each month. This can be put into savings, for instance. However, the very idea of this makes people freak out. That sounds like a huge bite out of the budget!

But think of it this way, could you live on 90% of your income each month? When asked this question, most people will say no without any hesitation. And yet, it’s the very same suggestion as setting 10% aside!

This is a great way to “fool” yourself into saving money. Try to live on 90% of your income and sock the rest away into a savings account. You’ll be glad you did!

Emergency Fund

We don’t want to think about it, but bad things can happen. For example, accidents can come out of nowhere. Are you prepared to deal with the costs of an accident? If not, then it may be time to consider saving up for a “what if” pot. Giving the savings plan this name may be easier to take than calling it an emergency fund, and that’s OK.

Accidents, appliances or vehicles breaking down all cost money. If you’ve got a “what if” pot stored away, then you’ll have the funds to meet these accidents and break downs. These emergency savings should also only be used for emergencies, and otherwise not touched. If you do have to take funds out, then be sure to replace them as soon as you can.

Saving money doesn’t have to hurt or make you miss out. In fact, saving money easily puts you ahead when you stay on target. It just takes a little bit of will power, a plan, and achievable goals to start cutting those expenses that are draining your finances.

These are some ways to save money that don’t have to feel like you’re sacrificing everything. These simple steps are achievable with a little bit of effort. In fact, they can add up pretty fast and you’ll soon be wondering where all the money’s coming from!