Saving Money Daily

saving, reducing expenses, budgeting

Transcript

1. www.lifethenfinance.com Make it a Habit to Save Money on a Daily Basis
3. www.lifethenfinance.com Even on a daily basis, you can find ways to tuck money away for a rainy day!
4. www.lifethenfinance.com Strategies to help you get into the habit of saving money:
5. www.lifethenfinance.com •  Create a separate spot for savings •  Remember: Small deposits add up quickly •  Find bargains wherever possible •  Use more cost-efficient solutions Saving Money
6. www.lifethenfinance.com Create a Separate Spot for Savings •  Set up automatic transfers from checking account to savings account •  Use a sock drawer or safe - $5 at a time Tip: Out of sight, out of mind!
7. www.lifethenfinance.com Small Deposits Add Up Quickly •  By using an interest-bearing savings account, you`ll allow the interest to add to the savings. •  As the account grows, so too will the amount you receive in interest. Savings can snowball by accruing interest.
8. www.lifethenfinance.com Find Bargains Wherever Possible Keep your eyes open for money-saving opportunities: •  Sales •  Coupons •  Preferred customer discounts •  Buying used •  Online sales, coupon codes, and discounts •  Research where you can find it cheaper •  Sign up for the store`s email list.
9. www.lifethenfinance.com Finding More Efficient Solutions •  Pack a lunch instead of buying one. •  Buy a 24 pack of soda at the grocery store, instead of going to the vending machine everyday. •  Analyze your daily routine to discover how you could do some of your normal activities in a more cost-efficient way.
10. www.lifethenfinance.com Tip: Save the eating out for when it’s important to you!
11. www.lifethenfinance.com Self-Reflection Questions: •  How much money do I have left over after a pay period? •  Do I have a place where I can stash the extra cash? •  What can I do to cut my spending and save more?
12. www.lifethenfinance.com Action Tips: •  Decide on a place to stash away money. •  Save money by bringing lunch from home or buying your favorite snacks from the store, instead of using the vending machine. •  Have the bank automatically withdraw money into a savings account for you.