Some of the best savings strategies work behind the scenes. Used correctly, you won’t even notice a difference in your everyday life.
So here are five ways you can save more money more easily:
Use Round-Up Savings
HopeSouth’s Round-Up Savings feature makes saving automatic. Every time you use your debit card, that purchase is rounded up to the next dollar, and the difference is deposited into your savings account. It’s easier and better than putting your spare change in a piggy bank or on the dresser!
Cancel Unused Subscriptions
Streaming platforms, gym memberships, and delivery services can silently drain your bank account if you’re not using them. Review your monthly subscriptions and cancel the ones you don’t use regularly, and make sure they stay cancelled. It’s not uncommon for subscriptions to keep drafting even after you request a cancellation.
Automate Your Savings
Set up direct transfers from your checking to your savings account to happen each and every payday. Start small – just $10 or $20 per paycheck – and watch it add up in no time!
Use Cashback Apps
Apps like Ibotta or Rakuten help you earn cash back on purchases you’re already making. Combined with Round-Up Savings, you practically double your savings impact!
Round Up Your Bills
Pay slightly more than the minimum on bills like your credit cards or personal loans. Those extra amounts not only reduce your debt faster but also save you money on long-term interest.Saving can be very hard, but with the right strategy and tools, you can set yourself on the path to prosperity. Looking for other ways to improve your finances or meet your goals? HopeSouth can help you, so get in touch with us today!
