Resolution to Save: Tricks to Help Save More Money in 2014

Posted on 01/13/2014

When it comes to financial goals in 2014, saving money is at the top of the list with nearly two in five Americans calling it a priority in the New Year. That's according to a new survey from that lists paying down debt as the second most common goal. Saving money doesn't have to be difficult, especially with these handy tricks.

Automate Savings
The easiest way to beef up your savings account is by making contributions automatic. Have a set amount automatically deposited in to your savings account monthly. Try an app like SavedPlus that lets you choose a savings percentage so every time you spend money that percentage of your purchase will automatically be transferred to your savings account.

Save Your Change
You may also want to try a program like Keep the Change at Bank of America. Once you enroll, every purchase you make is rounded up to the nearest dollar and puts that amount in a savings account.

Create a Savings Jar
The thing about money is that when you save a little at a time, it can add up to some serious cash over the course of a year. Try taking the 52 Week Money Saving Challenge with Print out the free chart and save a dollar more each week. By the end of the year you'll have $1,378 stashed in your jar.

Earmark Extra Income
At some point in 2014 you'll probably come across some extra income. Maybe it's from a side job selling handmade crafts or perhaps a generous family member gave you an unexpected windfall. Commit now to putting any money outside from your normal income into savings.

Get Encouraged
Find personal satisfaction from meeting your savings milestones with the free SmartyPig app. Create a specific savings goal, calculate a timeline and set up regular withdrawals. You can even share your goals with family and friends through your social networks. That way they can contribute too if they want and help you make your 2014 resolution a reality.

By Alison Storm

Image Credit

* Hot deals expire quickly. This deal may no longer be valid.

Post A Comment