1. Earn points that lead to free gift cards every time you do a Web search on Bing.
Accumulate credits by using Bing as your search engine and redeem them for gift cards and to enter exclusive sweepstakes for prizes. All you have to do is stay signed in to Bing Rewards as you search on your PC or mobile device.
2. Make payments to your savings account once your loans are paid off.
Once you've paid off your car or student loan–or a credit card–keep making those payment amounts directly into your savings account.
3. Buy discounted gift cards, but get the full face value.
Gift cards can be purchased on the secondary market like Raise.com for more than 10% off the card’s current value, meaning you pay $90, but you get the full $100 value of the card. Put that $10 discount into your savings, and spend the gift cards like cash on groceries, gas, clothing, and more.
4. Send yourself an invoice every month.
When doing your monthly budget, use a free template and issue yourself an invoice that needs paid along with your regular bills. Put that billed amount directly into your savings account. Invoicehome.com has free templates to use without needing Microsoft Word. Simply type in your info and download or email.
5. Turn your wallet into a walking "vision board."
Wrap a picture of your dream car, vacation destination, or whatever else you're saving for around your credit cards. When you're tempted to swipe your card, you'll have a great visual reminder of what you're saving for and be less tempted to spend.
6. Have a portion of your paycheck automatically deposited into savings.
If your employer allows, have your direct deposit paycheck automatically divided with a portion going directly into your savings account so that saving is effortless and easy.
7. Use Bank of America’s Keep the Change program.
If you bank with Bank of America, you can enroll in their innovative Keep the Change program where they round up your purchases to the next dollar amount and then automatically deposit the overage into your savings.
8. Transfer the “You Saved” amounts on receipts into a savings account.
Most receipts now show you how much you've saved on your shopping trip–no calculating or guessing needed.
9. Lock out spending temptation and earn more interest with CDs.
Once your savings account has accumulated $1,000, consider transferring that amount into a Certificate of Deposit. With the high penalties for early withdrawal, you'll be less tempted to tap into that savings reserve. The bonus? They have higher interest rates ranging from .03-.15% (depending on your deposit amount and length of deposit) compared to the .01% of traditional savings accounts. By keeping your money out of reach and out of mind, you’re actually saving more in the end by letting your money grow.
10. Surround yourself with like-minded people by building a finance-friendly social network.
Start a Facebook savings support group where you cheer each other on and share ways to save. Host weekly "snapshot" competitions with a screenshot of your growing savings account balance to encourage the friendly race to savings, and to keep your brain in the right mindset.
11. Train yourself to see bigger value in found change.
Don't dismiss those pennies collecting at the bottom of your purse! In 2004, Gene Sukie cashed in 1,407,550 pennies, worth $14,075.50, which he collected over 34 years. “It was something I could save without hurting our household.” Deposit this free, found money into your savings, and once you see how quickly and easily it adds up, you’ll never pass up a nickel on the sidewalk again!
12. Use Digit.co to analyze your spending and transfer money for you.
Digit.co is a free online program that will look at your spending habits and analyze where and when you can save. It will transfer small amounts to your savings account when you'll notice it least–$2 here, $4 there.
13. Stash your cash back credit card rewards instead of spending them.
Instead of transferring your cash back rewards into your checking account for free spending funds, flip them to your savings account instead.
14. Have only the amount needed to pay bills in your checking.
Have your income deposited into your savings and then when it's time to pay your bills, transfer only the amount you'll need to checking before you pay them. This keeps your checking account floating near zero to trick yourself into thinking that you don't have money to spend even though it's tucked away in your savings.
15. Put your new raise earnings towards a 401K or IRA.
When you receive a new raise, put that new amount into your savings, 401K, or IRA. You'll never miss it since you've become accustomed to living on your old salary.
16. Reward yourself for good habits.
Bad habits are hard to break, but if you add a savings component to it, you’ll trick yourself into better health along with a bigger bank account! For every pack of cigarettes you don’t buy, every cup of coffee you pass up, or every can of soda you skip, transfer that amount to your savings.
17. Let Acorns invest your small change into stocks for long-term savings.
Acorns.com is a mobile app that works much like Bank of America's Keep the Change program, but instead of putting it into your savings, Acorns actually invests your money into stocks that grows into a small portfolio for long-term savings.
18. Give your savings symbolic meanings.
Remind yourself what you’re saving for by giving a symbolic meaning to your saving efforts. For example, if you’re planning a wedding in 2018, deposit $20.18 into you savings each week. Or for a class reunion, use your graduation date as an amount. That handy reminder will help fool you into saving more.
19. Dump any extra money into your savings every Friday so you don’t overspend on weekends.
Are you a heavy weekend spender? Every Friday, before the weekend starts, deposit what’s in your purse, wallet, and/or checking into your savings to trick yourself into feeling “broke.”
20. Play the dollar bill “game” with your family.
Get your family involved and make it a savings “game” by challenging your family to save every dollar bill they find. At the end of month, let the winner who saved the most, choose a small reward.
21. Round out your end-of-the-month balance.
On the very last day of the month, if your bank balance reads $325.97, transfer the $25.97 to savings. It’s a simple, easy way to save without difficulty.