Saving money can be easier said than done. Sure you want to save more money, but how do you do it? Here are some easy, painless ways to spend less and save more:
Use direct deposit. Most employers now offer direct deposit, and a sure way to see that some of every paycheck gets saved is to have it direct deposited into a savings account, or split between a checking and savings account.
Check for deals before you click. Many online retailers have coupons or other deals available, you just have to take a minute to look for them. Before placing an order online, do a quick Internet search for the company name and “coupons” or “deals.” You can often save on shipping costs or more.
Pay for life and auto insurance annually. The upfront cost may seem high, but you can save hundreds if you choose to pay once per year rather than paying monthly or even semi-annually.
Send away for and follow up on rebates. After you buy a product with a rebate, send in the form right away. Then mark your calendar to remind yourself to follow up with the rebate company if the check hasn’t show up.
Stop eating out. Pack your lunch, make your coffee at home and make your own meals for dinner. In addition to controlling what you eat and cutting calories, you can significantly reduce spending just by packing your own meals or eating leftovers once or twice a week.
Everyone is going to have a method for saving money that works best for them. It’s important to have a good sense of what you’re spending on a monthly basis in order to find ways to cut back and save more. You can do that by tracking your income and expenses and compiling a budget. Stop by your nearest westbury bank location to learn more about direct deposit or for more information about banking services that could help you save money.