Atlantic Blog

Saving money can seem like a daunting task, but it’s not as difficult as you may think. It’s all about moderation. By living a frugal lifestyle, you’ll have less debt, which in turn means less stress and worry. Here’s four easy steps to begin saving today.

Step 1: Start small – there is no need to set a big goal. Setting a goal that’s more achievable will help motivate you to keep going. Let’s say you cut down on going out for coffee from five days to four days per week. Here’s how you’d end up saving money: 

Buying a coffee will roughly cost about $2.00. If you get coffee five days a week, you’ll spend $520 per year. Give it up once a week and you can save over $100 per year.  Looking at the $2 price tag doesn’t seem like a lot at the time, but it can add up. This is how you start small. 

Step 2: Pay down your debt – how many credit cards do you own that have a balance? Do you know the interest rates on those cards? Some credit cards have interest rates as high as 24%, and that can cost you hundreds of dollars based on your balance every month. By consolidating your debt, you’ll save a significant amount of money in interest accrual alone. Let Atlantic help show you how to save money.

Step 3: Stretch your money.  Shop with coupons and look for sales when grocery shopping. Clearance racks are your best friend when you're shopping for non-food items. It's the easiest way to get what you need without paying an arm and a leg for it. Another way to stretch your money is to open up an Atlantic Kasasa Cash Back free checking account. Get paid when you when you make purchases. 

Step 4: Lower your bills - do you really need that top of the line cell phone plan? The average cost for a top of the line plan costs up to $80 per month for one person. With a prepaid phone, the average cost is roughly $40 per month. That’s a $40 savings just by canceling the contract.

You don’t have to implement all of these steps at once; choose one and work your way through the list. Set some goals and a timeline of when you’d like to meet them. You’ll be more likely to hold yourself accountable.

Before you know it, you’ll be through the list and on your way to savings.

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