3 Simple Ways to Save Money

One of the most surprising aspects of life is that so many people put of saving money, whether it’s for retirement, emergencies or even just a rainy day fun fund. It never ceases to shock me when I hear someone admit that they don’t contribute to their retirement fund or have any savings. One of the most important things you can do for your family and your future is save. Even if you don’t think you can do it, there are sneaky ways you can save a little money here and there without even missing it.

Cut Back on Your Splurges

Stop going out during the day and spending a dollar on coffee here and three dollars on a bagel there. Skip the sub shop for lunch and pack your own bag to take to the office. If you don’t have enough money to save but you have enough money to waste on fast food, your priorities are not in order. Saving a mere $5 per day every day for a year will add a whopping $1,825 to your savings account. It may not seem like much, but the next time you have to replace your tires or have a repairman come look at something in your home, you will have an emergency fund to cover it.

Check Your Bank for Help

Many banks offer this great feature that helps you save without even doing any work. Ask your bank if you can open an automatic savings account. Say you go to the supermarket and spend $52.02 using your debit card. Your bank will automatically round your purchase up to $53 and put the additional $.98 in your savings account for you. It may not seem like much, but even if you use your debit card several times a day, you can save anywhere between a couple hundred and several thousand dollars a year.

Just Save

Some savings is better than no savings. Even if you have only a few dollars a week to put away, put it away. There’s no feeling as good as knowing you have some sort of savings account. A mere $10 in your savings account is better than the person who has no savings.


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