You may have been too busy celebrating Presidents Day to realize that yesterday also kicked off a lesser-known celebration. America Saves Week is a a national initiative that’s been promoting saving for the last few years, and it’s happening this week. The website has some great inspirational stories, quizzes, and motivational messages. In honor of America Saves Week, here are a few of our own tips for making saving easier:
- SET GOALS: Saving for the sake of savings is great, but it often makes it easier to sacrifice spending if you can visualize what you’re saving for. Giving up a latte may seem silly, but it helps if you can picture that money going to your college fund or future vacation instead.
- PAY YOURSELF FIRST: When you create a budget, set an amount you can save or invest each month. Then do it. Pay yourself each month just like you’d pay any other bill, and pay yourself first.
- MAKE IT AUTOMATIC: Set up automatic transfers each month from your bank account to your savings and investing accounts. That way you don’t have to think about it. In fact, you may not even know you’re missing it!
Do you have any other savings tips?
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