Saving money is a vital part of your overall financial health. It’s important to have the following different savings accounts:

• Long-term savings, for retirement or a down payment on a house.
• Emergency fund, to help you cover unexpected expenses.
• Short-term savings, to save for shorter-term goals.
• Maybe more savings, depending on your needs.

So how do you get to where you want to be? There are a few ways to save quickly, and they aren’t even that difficult.

Easy saving strategies to consider 

Control Daily Spending: Your everyday spending decisions can add up in ways you may not expect. Some common behaviors you could modify to save include:

• Cut out your daily coffee run, make it at home instead.
• Cut back on eating out and prepare more meals at home.
• Don’t purchase an item just because it is “on sale,” if you weren’t planning on making a purchase do not buy anything just because it is on sale.

Cancel Subscriptions

• According to one study, the average consumer spends about $86 per month on subscriptions. Go through your subscriptions and cancel any that you haven’t used recently.

Negotiate Anything: Remember almost anything can be negotiated. It does not hurt to ask for discounts or to say that a price is more than you can afford. Some bills you may be able to negotiate are:

• Cell phone contracts
• Car repairs
• Medical or Dental procedures

Make it Automatic. 

• One easy way to increase your savings is to set up an automatic deposit into your accounts. Each paycheck, make sure a certain amount goes into your savings before you even have a chance to spend it. Out of sight, out of mind.

Tip: Set your bills to autopay. Now bills won’t catch you off guard, and that will help you maintain your budget and boost your savings.

 

These are just a few examples of how you can add some more money to your monthly budget. The possibilities are endless when it comes to how you can modify your saving and spending habits!

_{Some Information Provided By: SavvyMoney}