Would you love a new car? How about renovations in your home? No matter what your short or long-term goal is, it’ll require saving money. Of course, in the modern world, this is easier said than done. Saving money can be difficult when you’ve got kids or bills to pay. But this doesn’t mean it’s impossible. It just means you’ve got to adjust your financial habits. At White River Credit Union, we’re going to share some tips and tricks so you can build your savings account balance.
How Can I Start Saving?
A lot of people think it’s hard to start saving money. But if you make the effort, it can be done and you don’t have to make huge sacrifices along the way. It all begins with some planning and recording your expenses. So, when it comes to payday, be prepared to cut back some of your bad spending habits and save some of your earnings. You work hard; it’s time to make it count! Think about the amount you want to save and you can work out how much personal savings you can make every month. All you need is determination and a savings account.
Pain-Free Saving Tips You Can Start Doing Right Now
Are you guilty of eating out a lot or buying lunch when you’re at work? Let’s be honest; this can become a bad habit. You can save around $25 each week simply by bringing lunch from home. That’s around $100 a month! How about that coffee you get on the way to work? Do you really need it? Again, skipping your coffee or waiting until you’re at the office could easily save you around $40 a month.
Another good saving money tip is to set up a standing order after payday. Waiting until the end of the month means you might not have any cash left to transfer into your savings account. But if you set up a regular standing order once you’ve been paid, you won’t miss it. It doesn’t have to be a big amount to start out. Then you can also set a savings goal so you can reach your target.
Need Help? We’re Right Here!
At White River Credit Union, we know how hard it can be to save when you’ve got a family or financial responsibility. That’s why we offer personal banking solutions for our members. You can find a savings account you like and begin building your personal savings balance today. We work with you so you can reach your financial goals sooner rather than later. To find out more, you can contact us today.
