4 money saving tips and tricks

You want to save for your future - maybe for an emergency, education, or your retirement. Saving that money, improving your financial life, and building wealth all starts when you set a goal and make a plan to reach that goal.

But once you’ve set that savings goal, how do you start to build your savings? For many, it means cutting back on their spending, and stashing that money into savings instead. These four clever tricks will help change your spending habits to grow your savings.

1. Save automatically

Setting up automatic savings is the easiest and most effective way to save, and it puts extra cash out of sight and out of mind.

There are a few different ways to save automatically:

  • Every pay period, have your employer deduct a certain amount from your paycheck and transfers it to a retirement or savings account. Ask your HR representative for more details and to set this up.
  • Every month, have your bank or credit union transfer a fixed amount from your checking account to a savings or investment account. Talk to your local bank or credit union to set this up.

Learn more about saving automatically.

2. Wait 24 hours before buying non-essential items

Wait at least 24 hours from the time you first see a product you want until you purchase it. You’ll be surprised at how many things you end up not purchasing after the initial impulse wears off. Online carts are a helpful way to save the items you’re considering. So the next time you see a great deal on Amazon, add it to your wish list and sleep on it.

3. Cover your card

Picture of plastic credit card sleeve that reads "Do I need this" with Florida Saves logoRemind yourself to think through every purchase by covering your card with a savings message.

This trick comes to us from our partners at Florida Saves, who hand out this great debit and credit card cover that asks, “Do I need this?”

No card cover? No problem, cover your credit card with masking tape or washi tape with a motivational reminder.

4. Unsubscribe from mailing lists

The reason you get so many marketing email is because it works. Remove the temptation of sales, limited time offers, and coupon codes by unsubscribing from marketing lists.  

Take it a step further and put yourself on an Internet diet. Cut out shopping websites, blogs, listservs, and groups that encourage you to spend.

For instructions on how to remove yourself from snail mail and telemarketing lists, visit USA.gov. To remove yourself from email marketing lists, look for an “unsubscribe” link at the bottom of each email.


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Need motivation and support to save? Let America Saves help you reach your savings and debt reduction goals. It all starts when you make a commitment to yourself to save. Take the first step today and take the America Saves pledge to save money, reduce debt, and build wealth over time. And it doesn’t stop there. America Saves will keep you motivated with information, advice, tips, and reminders to help you reach your savings goal. Think of us as your own personal support system.

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