Youโve heard it all before โ create a budget, set financial goals, cut back on spending. The list goes on and on. But what if we told you we have some new ideas that you may not have considered that could be your new money-saving secret this year?
Here are some creative and practical tips to put more money in your pocket in 2022:
Set Up Auto Pay: Paying expensive late fees because you simply forgot to make a payment by the due date is a careless mistake. Ensure all your monthly bills will be paid on time and avoid late charge by setting up auto-pay for all your bills. Just be sure to spread out payment dates so your account isnโt quickly depleted.
Try a Saving App: Thereโs dozens of apps that serve to help you hit your financial goals. Discover one that works for you, whether is makes sure every transaction fits your budget, automatically sets aside ย money toward a savings goal, or keeps track of every bill and payment you need to make and when.
Make Your Money Work for You: Consider transferring your savings to a high-yield savings account โ or even a CD – to gain a bit more interest on your money.
Use the Tools Available: There are numerous online tools and plugins to make sure you are getting the best deal available. To expand your savings even more, many even offer cash back bonuses for shopping from certain retailers online. Whether its 1% or 10% cashback, it adds up with all the online shopping you do over the year, and all it take is one simple download to your internet browser.
52-Week Savings Challenge: It may be called a challenge, but it doesnโt have to be challenging. Hereโs how it works: Week 1, you save $1. Week 2, you save $2. Week 3, you save, $3. As you continue, by week 52 youโll set aside $52 and have $1,378 in total savings! That was easy, right?
You Are What You Eat: As the cost of food increases, itโs important to consider how youโre spending on groceries and meals. Take a minute to make a shopping list and search for coupons for food and household items you need – even $.50 off here and there can be big savings over a year. Likewise, consider meal-prepping your lunch for the work week instead of grabbing something on-the-go. If you have a green thumb, maybe 2022 is the right time to try a small garden to grow fresh vegetables, fruit, herbs, and more.
