Who wouldn’t love to boost her savings? And right now too?
Saving a bundle of money doesn’t need to require a huge sacrifice in your lifestyle. Or a major time investment to find extra pennies here and there.
Here are three super easy ways you can rapidly increase your savings.
1. Take advantage of your company match.
If your company offers its employees retirement accounts — 401(k), Roth 401(k), 403(b), etc. — odds are that it offers a matching contribution program. Translation: Free money.
For example, while working at Acme Widgets, you can choose what percentage of your income you contribute to the available retirement accounts there. Acme matches your contributions up to 4% of your salary. So, if you contribute 4% to your Acme-sponsored retirement accounts, you’ll double your money before it even hits the stock market.
Where else can you get a 100% return on your investment?
Take the free money. You’ll get to your magic retirement number that much sooner.
2. Stop the forgotten money leaks.
Do you know where you’re hemorrhaging money?
Check the bills you have set for autopay. You know — the ones that you set and forget. Take a look at the bills you’re paying, and think about which ones you’re really not using. Then cancel them.
Here are a few to get you thinking:
- Unused gym memberships
- Unnecessary auto club memberships (like AAA)
- Forgotten shopping club memberships (Sam’s Club, Costco, Amazon Prime, etc.)
- Untouched subscriptions to Netflix, Hulu, premium cable channels, etc.
- Premium subscriptions to services you don’t use that much
- Too many minutes, texts, or gigabytes for your cell phone plan
- Too much or too frequent lawn care, house cleaning, or other home services
- A too-large trash can for your paid trash removal service
3. Cool your home for less.
With summer just around the corner, you’re looking at the possibility of skyrocketing air conditioning costs and expensive HVAC maintenance.
So turn off the A.C. Instead, check out some easy, inexpensive ways to keep yourself cool while pocketing big savings.
What’s your best tip for finding extra savings almost instantly?