Always Have a Savings Plan
Set a savings goal
Think of a specific purchase or benchmark you could realistically reach in the specified timeframe.
Save automatically
Have a portion of your direct deposit sent to your savings account or set up a monthly transfer from your checking to help you save more.
Monitor your monthly expenses
Track each purchase you make for one month and you’ll see where you’re spending money.
Set a budget
Once you know your spending habits you can create a realistic budget and help cut frivolous spending.
Be smarter with shopping
Sign up for rewards and loyalty programs at your go-to stores, clip coupons when you can, plan shopping trips around sales and deals.
Check your progress
To save effectively, you need to know where you stand with your finances each week. Make a “money date” with yourself and go through your transactions to ensure you’re on track with your budget.