Slim and Save Diet Plan
It is always a good idea to think about what happens in the future, financially or otherwise. A solid savings plan is essential to a better financial life. If you create one and follow it, you will thank yourself later on in life.
Keep in mind that a savings plan doesn't have to be difficult, but it does require commitment. Continue reading to learn all about savings plan and take these steps to begin building your's today.
| | |
| Discover Bank Online Savings $200 Bonus | Wells Fargo Everyday Checking $200 Bonus with qualifying direct deposits Member FDIC. |
| HSBC Premier Checking $450 Bonus | Chase Business Complete BankingSM $300 Bonus |
| Chase Total Checking® $225 Bonus | Axos Bank Rewards Checking $100 Bonus |
| Huntington 25 Checking $300 Bonus | Huntington Business Checking 100 $100 Bonus |
| Huntington Unlimited Business Checking $400 Bonus | Huntington Unlimited Plus Business Checking $750 Bonus |
| PNC Bank Virtual Wallet® Up to $300 Bonus | PNC Bank Virtual Wallet® Checking Pro Up to $200 Bonus |
| TD Bank Beyond Checking $300 Bonus | TD Bank Convenience Checking $150 Bonus |
| Chase Secure BankingSM $100 Bonus | Aspiration Spend & Save Account $150 Bonus |
| Axos Bank Business Checking $100 Bonus | Ally Invest Up To $3,000 Bonus |
| TradeStation Up To $5,000 Bonus | BlockFi Up To $250 BTC Bonus |
| WeBull 2 Free Stocks | Discover Bank $360 Cashback Debit |
| SoFi Money $100 Bonus | Axos Invest $150 Bonus |
Start Where You Are
It is important to look at your current situation. It will help you figure out how much you can save. You should understand that you won't save your entire paycheck before the next one so try to look for ways to deposit a smaller amount into your savings account. Start small and work your way up.
Examine Your Spending
You should try to cut back on your spending's monthly. This can be done by looking up a few months of bank statements online and going through your expenses.
If you spend your money on unnecessary things like that overpriced coffee or take out everyday, this is a sign for you to slow down on that.
However, if you can't see many spots to save, you might be able to find ways to increase your income. Maybe find a side hustle, sell unused things around the house or looking for a higher-paying job. It's not always easy to find fast cash, but these strategies might help you in your budget.
Automate Savings
Your bank's mobile app and website help out a lot when it comes to savings, since you can use them to automate transactions.
You can set up automatic transfers so that a specific amount of your paycheck is moved from your checking to savings. Over time, your savings account will grow without you having to do a thing.
Maximize Every Dollar
Make sure the money you're saving is working for you. Online banks typically have savings accounts with high-yield that pay more because they don't have to pay for physical branches.
The extra money will continue to earn interest as time goes on. This compounding interest will boost your balance faster than if the cash were in a lower-rate savings account.
Keep Your Goal in Mind
After you've built up your savings, it can be tempting to pull some out from time to time to splurge. But to reach your goal, it's better to resist that temptation. Always be thinking about your goal and put it first.
You could also share your goals with close friends and family so that they can help you stay accountable and motivate you.
Level Up
Once your savings plan is set up, always be on the lookout for ways to save more. If you receive a pay raise at work, consider sending the bonus straight to savings. And if you've managed to reach your fund goal of saving enough money, you can move on to bigger and better goals.
Bottom Line
A savings plan is a good step toward a safe and healthy financial future. Put that plan into action and you will be well on your way to a huge bank balance.
To get you started, we have a list of the best bank promotions and you can also read bank reviews to find which bank offers the services you need!
| See our best bank bonuses updated daily to earn up to $1,000 in free money. Find popular checking offers such as Chase Bank, HSBC Bank, TD Bank, Huntington Bank, Axos Bank, Discover Bank, Wells Fargo, and PNC Bank. See our best rates for Savings and CD. | ||
| | ||
| PROMOTIONAL LINK | OFFER | REVIEW |
| Wells Fargo Everyday Checking | $200 Bonus | Review |
| Discover Online Savings Account | $200 Cash | Review |
| Chase Business Complete BankingSM | $300 Cash | Review |
| HSBC Premier Checking Member FDIC | $450 Cash | Review |
| Chase Total Checking® | $225 Cash | Review |
| Chase Secure BankingSM | $100 Cash | Review |
| Huntington 25 Checking | $300 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Discover Cashback Debit Account | $360 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $100 Cash | Review |
| SoFi Money | $100 Cash | Review |
| PNC Bank Virtual Wallet® | Up to $300 Cash | Review |
| PNC Bank Virtual Wallet® Checking Pro | Up to $200 Cash | Review |
| Aspiration Spend & Save Account | $150 Cash | Review |
| Axos Bank Rewards Checking | $100 Cash | Review |
| Axos Bank Basic Business Checking | $100 Cash | Review |
| Acorns Spend Checking | $75 Cash | Review |
| TradeStation | Up to $5,000 Cash | Review |
| Ally Invest | Up to $3,000 Cash | Review |
| American Express High Yield Savings | 0.40% APY | Review |
| BlockFi | Up To $250 BTC | Review |
| Voyager (code ANTJZL) | $25 In BTC | Review |
| Coinbase | $10 In BTC | Review |
Source: https://www.hustlermoneyblog.com/make-savings-plan/