Growing Your Checking Account with no Hassle

Building your financial future – either your retirement, the future needs of your family, or just attaining personal goals to get more of the things you want – all of this begins with saving. Saving money is the most critical and best way to ensure that when it comes down to it, you are financially safe. It is easy to learn how, too.

Saving is more than simply getting discounts on the things you buy. It also means that you put money away for a future rainy day and then you pretend that you never even saw it. This creates a sort of emergency fund so that in the event that something comes up, you won’t need to worry about having the money for it. You can wipe out your debt and eventually put that money to work for you.

Banking

You need to have at least a checking account. Check out the banks in your area and online to see which will be the best checking account for your needs. Check out the features offered with the different types of accounts. Some offer things like protection against ID theft, monthly dividends and more. This checking account is where you will keep your money and watch it grow as you save.

Libraries

You might wonder what a library has to do with saving money. Consider what you spend for entertainment. A movie ticket is around $15 these days and that doesn’t cover popcorn and a drink. Going to Redbox might only be a bit over $1 but then you have to get the movies back the very next day… which could mean you having to go out and waste gas to take movies back when you otherwise wouldn’t be going out at all. Libraries (most libraries) have DVDs that you can check out. Most of the time you can keep them for a week too. They also have copies of the latest music, magazines, and books. Using your library instead of going out and purchasing or renting all of these things can save you quite a bit of money throughout the year.

Spare Change Anyone?

We all tend to have change in our pockets at the end of the day. It might only be a few cents, but it is there nonetheless. One way to save money and watch your checking account grow without any hassle is to save that change. Put it in a jar, piggy bank or even a glass. At the end of the month, take it down to the bank and deposit it into your checking account. You might be surprised at how much it can add up to over time.

Food

How often do you eat out? Do you buy your lunch or bring it from home? If so, this can be viewed as a golden opportunity for you to start a new habit. It might be a bit difficult to begin with, but try to plan out a few meals that you can make quickly and easily right in your own home and then make a grocery list with the necessary ingredients. Once you have gotten into the habit of cooking all of your meals as opposed to eating out all of the time, you will find that you enjoy much better quality food and you have more money to put into your checking account to make it grow.

Service Providers

Have you ever taken a moment to look at all of the money that you spend each month on your various service providers? Service providers can include things like the cable company, landscaping company, utilities, insurance providers, cell phone company, etc. All of these are things that provide services that we have to pay for on a monthly basis. It can be well worth the time to look around and compare prices. Simultaneously, with the insurance companies, you can make sure that you are not paying for coverages that are beyond your needs. One great way to save money and watch your checking account grow is to cut the cord. Get rid of the paid TV and go with free or paid streaming sites like Hulu, YouTube, and Netflix.

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Contribution made by Becky W.

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