My Top Money Saving Tips

Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

Published by Shayla Kriha, Relationship Manager

We all know saving money is not the most exciting or even the easiest thing to do, but we all know that it’s important to do! Over my years at Carson Wealth, I have learned lots of ways to help save money.

Here are a few of my favorite tips:

First, start saving at a young age. As the years go on, even the smallest deposit in to your savings will begin to grow.

Second, always put a percentage of your pay check into a savings account. Set your paycheck deposit to make an auto contribution into your savings account on the day you get paid. One of my favorite sayings is, “Pay Yourself First.” Isn’t that a great concept?! If you get into a habit of doing this early on you won’t even miss those additional funds.

My third tip would be: track, track, track! It’s critical to track your spending so you know where your money is going. Thanks to today’s technology there are apps available to help you maximize every dollar you earn. You should always be aware of how much of your income goes towards monthly bills, personal expenses, entertainment and savings. Review your expenses and determine where you can cut back or reallocate money towards your savings. Remember, even small purchases, like your favorite coffee from the corner coffee shop will add up over time.

While contributing to your savings is not the most exciting way to use your money, there will come a day were your car doesn’t start or your furnace goes out and you will be thankful that you have funds to turn to. If you take anything away with you today, please remember to always “Pay Yourself First;” you will thank me later!

Share:
facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.
Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

RECENT POSTS

529s, Roth IRAs and Other Strategies for Your College Savings Plan

By Craig Lemoine, Director of Consumer Investment Research   I often find college savings at the top of my pile of financial stressors. Unless I find a money tree in my backyard, my oldest child is going to turn 18 well before I retire. We all have different values surrounding the educ …

To Give Now or Give Later?

Tom Fridrich, Senior Wealth Planner    You’re in a good position in your life. You’ve built up your wealth, perhaps from a successful business or working in corporate America. You might feel it’s time to start winding down and that you’re in a place where you’re figuring out whether to tran …

The 3 Inflection Points Behind the Stock Market’s Dip

Burt White, Chief Strategy Officer   So far, 2022 is off to one of the worst ever starts of a year for stock returns. And the reasons are numerous and front of mind for us all: an unexpected war in Ukraine, the lingering impacts of COVID-19, the highest inflation rates in 40 years and the …
1 2 3 4 5 87 88 89

Get in Touch

In just 15 minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Schedule a Consultation