Surprisingly Easy Tips to Save Money
03/21/2018
Saving money is not easy. For those that live “paycheck to paycheck” (no matter how much money you make), the task can seem daunting but it is possible to put yourself on a path to stash some cash. The first step is that you have to WANT to do it. If yes, then these are some surprisingly easy tips to save money.
Easy Tip #1
Know where your money is going. You can track it the old fashioned way by collecting all receipts and adding it up at the end of the month. Or, you can use one of the many free apps for your smartphone. If you search “free apps to track spending” you can easily find a dozen suggestions. Once you fully understand where you need to spend money and when you wantto spend money, then you can start targeting ways to save. It can be easy to keep track of your money.
Easy Tip #2
It’s tax season! It is possible that you might find yourself with a few hundred dollars from a tax refund. (Or, just maybe an unexpected windfall) The temptation to spend it can be great. After all, how much difference can $500 make? Used wisely, even a few hundred dollars can put you on the road to a more financially secure future. Start an emergency fund. Consider putting the new found money into your IRA (individual retirement account). Not only will compounding increase your balance over time, but increasing your pretax contributions can cut your tax bill. A refund is great. Don’t spend it. Save it. That is an easy decision.
Easy Tip #3
Do You Kasasa®? What is Kasasa®? It’s free checking that pays you. With Atlantic Kasasa® you choose your reward. It can be Cash Back or a high rate on your deposit. Add Kasasa Saver® and put your savings on autopilot with this free, dividend-bearing savings account. Kasasa Saver® links to free Kasasa Cash® checking for automatic rewards transfers. So you can easily, and comfortably, set money aside. Build your balance even faster by earning competitive dividends. There is no minimum and no fees. Atlantic free Kasasa checking is easy.
Easy Tip #4
Get rid of ATM Fees. Again, do you Kasasa®? With Atlantic Free Kasasa® Checking you get refunds on ATM withdrawal fees, nationwide (up to $20 monthly). This is an easy way to save money.
Easy Tip # 5
Pay yourself first. Automate your savings by diverting a portion of your salary into a savings account. If you have direct deposit, set up an automatic transfer to your specified account. Start by saving $10 per week. Even if you are paycheck to paycheck, you can find $10 a week. Yes, that part may be difficult, but making the decision to pay yourself first is easy.
Sometimes it can feel like you need thousands of dollars to move the needle on your finances even a little bit. You can move the needle by taking smart steps to begin building your savings account. Easy? Once you make the decision that you want to save money, then these are easy things to do.
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