It’s a month into 2017. No big deal! You still have plenty of time to set a goal for yourself. If you’d like to keep better track of your spending, consider these great money-saving tips for achieving a savings goal.
Set a savings goal
Think of how much money you’d like to have set aside for a savings account, and then do it! Be realistic about it, though.
Choose your bank wisely
When choosing where to keep your money, make sure you research things like interest, fees, and minimum balances. Every bit of interest counts in the long run.
Track your monthly spending and set a budget
Lots of people jump straight to the “setting a budget” part, but many find it helpful to keep track of your spending via a money diary first. It will help you see what areas of your life you spend the most money on, and help you decide what to prioritize.
Invest in good credit cards with awesome loyalty programs, and make sure to check places you shop for sales, coupons, and other discount programs.
Track your progress
On your way to your savings goal, you should mark milestones throughout your journey and allow yourself a few rewards here and there. Pick a day once a week to look at your records to track your progress.
Use these great money-saving tips to get smarter about spending and have a better, more financially productive year than ever!