With so many life goals to plan for, everyone could use some easy ways to save money. Watch this video and try these money-saving hacks today.
There’s no need to overhaul your finances to save more money and reach your financial goals. These simple, easy ways to save money can make a huge difference for you on your financial journey:
● Set a stretch goal: A stretch goal is an ambitious savings target that supports a meaningful aspiration. Creating a stretch goal, such as saving up for a car, can remind you why you’re saving in the first place.
● Open an online savings account for your stretch goal: When you open a dedicated savings account for your stretch goal, you’ll be even more focused and motivated to contribute to it. As you build up your stretch-goal online savings account, you can identify other financial goals that deserve their own dedicated accounts.
● Automate your savings: An easy way to save money every day is to “set it and forget it.” All you have to do is schedule automatic transfers from your checking account to your online savings account in regular increments.
● Save smaller amounts more frequently: When it comes to saving money, smaller can be better. Rather than scheduling your savings withdrawals to occur only once or twice a year, try transferring smaller amounts as monthly, weekly or even daily withdrawals instead.
Once you try these easy ways to save money, you’ll start making some big progress toward your goals.
00:00 Easy ways to save money
00:16 Set a stretch goal
00:27 Start with an emergency fund
00:37 Open an online savings account for your stretch goal
00:48 Automate your savings
01:05 Save smaller amounts more frequently
01:22 Achieve your financial goals
Want to learn more easy ways to save money? Read the full article, “11 Easy Ways to Save Money,” at the Modern Money blog: [ Ссылка ]
While you’re at it, you can explore even more savings topics:
• “What is Zero-Sum Budgeting and Can It Work for You?” [ Ссылка ]
• “Tired of Overspending? Meet the Envelope Budget” [ Ссылка ]
• “4 Steps to Start an Emergency Fund From Zero” [ Ссылка ]
• “Money Hack: How to Automate Your Savings and See Results” [ Ссылка ]
• “4 Benefits of Using Online Savings Accounts” [ Ссылка ]
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