So where do you find the extra money when you don’t get a pay raise or can’t make more money? Financial experts say saving $10 is the same as earning $10.

There are limits to what you can save each month but then you should also consider the fact that there are limits on what you can earn each month too, particularly if you are an employee.

You can try this method in one of two ways. You can either set an amount as a savings goal each month, or you can simply go through all your finances to see how much you can save (and squeeze from your existing budget).

Here are just a few suggestions:

• Look for bulk deals on groceries you buy all the time.
• Cut down on utilities by monitoring your use of gas, fuel and electricity.
• Get a Pay As You Go cell phone instead of having one on a contract.
• Stop buying brand new books and make use of your library card instead.