Everyone knows saving money is a good thing, but where do you start? Whether you are starting to save for school, retirement, or a basic emergency fund, follow these small steps and watch your money grow over time.
- Empty your pockets and wallet each day.
Put your change in a piggy bank or savings jar. Take it to the bank directly; money-sorting machines charge a fee!
- Take control of your shopping habits.
Go to the grocery store with a plan for the week’s meals, and stick to it! Avoid the sale displays; they may not actually be a “great deal.” At the checkout line, keep your eyes on the prize and avoid last-minute impulse grabs (looking at you, magazines and chocolate bars).
- Declutter your life.
Storage unit fees add up after the first month’s promotion. Thanks to sites such as LetGo, OfferUp, and Gone, selling your excess stuff is now easier than ever (no garage sales required). Also remember to check out local consignment stores or re-sale stores like Plato’s Closet that will pay money on the spot for your clothes.
- Use coupons or wait for deals.
You may be picturing your mother cutting out coupons from the weekly newspaper, but coupons are now more high-tech than ever. RetailMeNot, The Krazy Coupon Lady, and Target’s Cartwheel app can be downloaded on your mobile phone and pulled up while waiting in the checkout line.
- Pay your rent on time.
Late fees and legal fees not only take away large chunks of your hard-earned paycheck, but poor payment history can negatively affect your credit. Too many late payments over time also may force your landlord to not renew your lease. Save money and stress by paying before the late fee hits.
As a bonus, enrollment in Till’s Loyalty Program gives you back rent money into a savings account. It’s like the landlord is paying you for making your rent payment on time!
Sign up today to get started.
Unlock financial success and watch your savings grow!