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saving money daily, how to save, personal finance, saving - PowerPoint PPT Presentation
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www.lifethenfinance.com
Make it a Habit to Save Money on a
Daily Basis
www.lifethenfinance.com
Even on a daily basis, you can find ways to tuck
money away for a rainy day!
www.lifethenfinance.com
Strategies to help youget into the habitof saving money:
www.lifethenfinance.com
• Create a separate spot for savings• Remember: Small deposits add up quickly• Find bargains wherever possible• Use more cost-efficient solutions
Saving Money
www.lifethenfinance.com
Create a Separate Spot for Savings
• Set up automatic transfers from checking account to savings account
• Use a sock drawer or safe - $5 at a time
Tip:Out of sight, out of mind!
www.lifethenfinance.com
Small Deposits Add Up Quickly• By using an interest-bearing savings account,
you’ll allow the interest to add to the savings. • As the account grows, so too will the amount
you receive in interest.
Savings can snowball by
accruing interest.
www.lifethenfinance.com
Find Bargains Wherever PossibleKeep your eyes open for money-saving opportunities: • Sales• Coupons• Preferred customer discounts• Buying used• Online sales, coupon codes, and discounts• Research where you can find it cheaper• Sign up for the store’s email list.
www.lifethenfinance.com
Finding More Efficient Solutions
• Pack a lunch instead of buying one.• Buy a 24 pack of soda at the grocery store,
instead of going to the vending machine everyday. • Analyze your daily routine to discover how you
could do some of your normal activities in a more cost-efficient way.
www.lifethenfinance.com
Tip:Save the eating out for when
it’s important to you!
www.lifethenfinance.com
Self-Reflection Questions:• How much money do I have left over after a pay
period?• Do I have a place where I can stash the extra
cash?• What can I do to cut my spending and save more?
www.lifethenfinance.com
Action Tips:
• Decide on a place to stash away money. • Save money by bringing lunch from home or buying
your favorite snacks from the store, instead of using the vending machine.
• Have the bank automatically withdraw money into a savings account for you.
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