Are you looking for ways to build up your savings? �Sometimes it seems like saving money is the hardest thing in the world. �It is not so bad to save though when you know some tricks.
Check out these easy money hacks that will help you save money and get ahead:
- Automatic savings deposit. �Take part of your paycheck, even a small part and have it deposited into a savings account that you don�t have an ATM or debit card for. �Say you put $50 per month into it, that�s a relatively small amount, but over the course of the year you will have saved $600! �Since it is in a regular savings account, you still have access to it, but you will have to go there during business hours in order to withdraw it. �It makes it a little more difficult which is great for preventing you from spending it on a whim.
- Set up a �keep the change transfer. �My bank account has something called a �keep the change� transfer. �Whenever I make a purchase with my debit card, the bank automatically rounds up to the nearest dollar and transfers the difference into my savings account. �Say I make a purchase of $7.65. �It will show a debit of $8 in my checking account, while my savings account will get a deposit of $0.35. �Those deposits can add up quickly!
- Pay your credit cards in full. �Unless you have a 0% interest offer, never, ever let a balance sit on your credit cards. �You are just wasting money paying it in interest throughout the month(s). �If you pay in full, you won�t have interest charges, which (depending on the limit on your credit card) can be huge savings each and every month.
- Set goals and rewards. �Set savings goals for yourself and reward yourself when you have reached those goals. �Maybe your reward will be something as simple as a pizza night or as grand as a tropical vacation. �Either way, the reward is great motivation to continue toward your goal!
