Most people dream of retiring as a millionaire with plenty of money in their bank accounts but very few people achieve this dream. The reason most people don’t achieve their dream of financial freedom is because they have unhealthy spending habits and they have no discipline when it comes to saving for retirement. Time is the essence in building a fund for retirement;however, this process can be speeded up if one curbs unnecessary spending. Below are seven steps that you can take that will greatly improve your spending habits.

1. Instead of spending a great deal of time watchng television, this time can be better spent by learning something new or by spending it with your children. 2.If you like to read, use the library whenever possible rather than purchasing books from your favorite bookstore. People don’t realize that the public library usually purchase the most popular book titles after a period of time.

3. If you like to smoke, cut back on the amount of cigarettes that you smoke and, if you keep cutting back, you will eventually quit smoking. Do you realize how much money you will save if you quit smoking not to mention that you health will also improve if you quit and your medical bills will be lower.

4.Do you drive to work? You might want to consider biking to work if you live within riding distance to your workplace. You will not only improve your health because riding is a great activity but, if you ride rather than drive, you will not be impacting the environment. Another benefit of doing this is the great savings you will attain because you will not be spending as much money on gas that you would normally have been spending.

5. Stop dining out and prepare your meals at home.There are so many recipes that are available online that you can try nowadays without having to purchase a cookbook. Not only will you save money by not eating out but you will be acquiring or improving your cooking skills.

6. Stop buying coffee from coffee shops and take your own coffee to work. It is really strange that many people buy coffee every day from coffee shops and over a month this adds up to quite a bit of money. Can you imagine how much money you will save if you carry your coffee in a Thermos to work? Your coffee will probably taste better than the coffee that you buy from the coffee shop anyway. If you cannot live without coffee from your favorite coffee place, maybe a rebate card is in order so you can accumulate points for free coffee.

7. Walk to work rather than drive to work. If you live close to your workplace, walk to work. You really don’t need to use the car if your workplace is 10 to 15 minutes away from your home. Think about all the money you will save by not having to pay for gasoline or parking fees. You will not believe that literally save thousands of dollar if you walk rather than drive to work.

If you follow these seven tips, you will make a big change in your spending habits.These are just some of the ways that you can save to contribute to your retirement fund and they are many more that you can research.If you employ these tips you will be well on your way to having a healthy retirement funds and you will be way ahead of most people.