Many people balk at saving their money simply because they claim they have nothing to save. Let me tell you, nothing could be further from the truth no matter what your financial position! There are always ways to save money sometimes without even making much of an effort.
Click through for 5 ways to upstart your saving account without so much as a second thought…
5 Extremely Easy Ways to Save Money Without Much Effort 1 of 6
Saving money can actually be easy! Click through for 5 ways to save money without much effort!
Image source: 401(K) 2013
Automate a Percentage 2 of 6
With every paycheck you should set up an automatic deposit equal to at least 10% of the amount you were paid. If you have the means to do a direct deposit though your employer, take advantage of it. By not physically having the money in your hand, you are less apt to spend it and you don't have to worry about physically making the deposit each time.
Image source: 401(K) 2013
Jar Your Change 3 of 6
Place jars around your home in areas where you are likely to remove change from your pockets such as on your nightstand and near your washing machine. Any coins collected should be stored in the jars and allowed to accumulate. Keep coin wrappers on hand so when coins reach the top they can be rolled and deposited into an emergency savings account. You may be surprised at how much loose change can be collected in just a few short months.
Image source: carvalho
Stash Away Dollar Bills 4 of 6
Like coins, you can end up saving a good amount of cash throughout a year by stashing away your dollar bills. Each night as you clean out your pockets, separate the dollar bills from the rest of your money. Keep the dollars in an envelope and at the end of each month, deposit what you have saved into your untouchable emergency fund. You can also save dollar bills designated to a specific savings goal like new clothing, a weekend road trip, and other things you â€˜want' rather than need.
Image source: Images_of_Money
Check Out Bank Offers 5 of 6
Many banks are offering incentive programs to bring in new business and to keep current customers happy. Wells Fargo, for instance, offers a Way 2 Save program that automatically transfers $1 each time you use your check card into a separate savings account. If you tend to use your bank card regularly, you can easily see the savings add up in a month's time. Earmark that separate account as an emergency fund or for another savings goal you want to achieve.
Image source: Beaverton Historical Society
Cancel a Service/Subscription/Membership 6 of 6
You can probably think of some type of service you pay for each month that you don't even use. Since you are used to that expense, try canceling the service and automatically depositing the amount it costs into a savings account. Your money will be much better off earning interest rather than being wasted without any benefit to you.
Image source: Thomas van de Weerd
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