We all have trouble saving money.
Maybe youre working to a goal, like saving for vacation or paying off your credit cards.
Whatever the issue, here are some methods and tools that can help sneak more savings into your budget.
Youll have more to save later.
You want to use your own discretion with this method, though.
One way is topay yourself first.
Withthis traditional method, you take your direct deposit and automatically make payments into your savings accounts.
Set the accounts up so that you might transfer money in between the two accounts.
Only transfer the amount you have allotted in your budget to spend to checking.
Sure, thats one way to go about it.
I like this method because its focused on saving, though.
you’ve got the option to do the same thing with your savings.
This requires some discipline; you have to resist spending any extra money when it falls into your lap.
Either way, the idea is the same: set some guidelinesbeforeyou encounter the windfall.
This method works well if your budget is already tight.
it’s possible for you to squeeze in the occasional savings without tightening your budget even more.
you’re able to automate the save when you splurge rule.
In general, the app makes saving money a little more fun and automatic.
Digit, a free webapp (also available oniOSandAndroid) works the same way.
Instead of creating rules, though, the app simply saves whatever amount it thinks you might afford.
you’re able to squeeze more savings out of your budget without any extra effort.
Challenge Yourself
Monthly challenges are a great way to squeeze in a little more savings.
The point is, small challenges can help boost your savings, if even a little bit.
We all know its important to set up a proper budget and save what we can.
If you want to up your savings game, these methods can help.
Illustration by: Angelica Alzona
