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The best practice for saving money is to put 10% (or more) of your money away as soon as you receive it. In fact, you may even want to have this amount automatically deducted from your paycheck and put into a separate account. This encourages you to save more. In addition to saving more, you also have to spend more so that you have more to save. To do this, put yourself on a budget and be careful about how you spend your money. As a savvy shopper, you will save a ton of money by shopping wisely, budgeting for wants and needs and using coupon codes and discounts whenever you possibly can.

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Q: What is your best practice for saving money?
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