We often start the new year with grand plans.
And if youre like most of us, those plans include improving your finances.
Were hoping this is one resolution everybody sticks to.
Here are some money-saving tips that will aid in your success.
Maybe you need anemergency fundso you wont fall further into debt the next time your car needs a repair.
Perhaps you want to save up so you might finally afford a nice vacation.
Keep your reason at the forefront of your mind so you remember why youre saving.
it’s possible for you to even nickname your savings account to reflect your reason.
No Interest Til Almost 2027?
Balance Transfer = Credit Card Cheat Code
2.
How much money would you like to save?
How much would you’re gonna wanna put aside each payday?
Can you afford that much and still pay your necessary expenses?
Adding details to your goal makes all the difference.
Embrace Automation
Saving money wont feel like work when you set it and forget it.
You wont miss what you dont see.
Let an App Save For You
Need help saving money?
Theres an app for that.
Here at The Penny Hoarder, were fans of using technology to our advantage to help us save.
Check out our seven favoritemoney-saving apps.
Participate in a Savings Challenge
Saving money can seem dull but not if you frame it as a challenge.
Start the new year with a fun way to stack cash.
Visit the thrift store instead of the mall.
Try the farmers market rather than Whole Foods.
Buy generic over name brand items.
Pocket the difference and funnel it to your savings.
Reduce your housing costs byrenting out a room on Airbnb, getting a roommate or evenconsidering a coliving arrangement.
Buh bye, savings.
When you use cash, however, you have a finite amount of money.
Make Extra Money
Increase your cash flow to have more money available to save.
Ask your manager if you could pick up extra shifts or see if you cannegotiate a raise.
Get aside gigor a second job where you canwork from home.
Or get a one-time cash influx bydonating plasmaorselling clothes online.
It all adds up.
Celebrate your successes with your buddy when you reach benchmarks in your savings plan.
Nicole Dow is a senior writer at The Penny Hoarder.
