How to save money – A common excuse about not saving money is that you’re not making enough money to start with. In reality, the process of saving or investing money can start with as little $1, $2, $3 or $10. For example, there are apps out there like Acorns, Digits that round up your purchases and save the extras for you without much effort on your part.
At the end of the day, there is really no excuse for you not to save any money, even if you live paycheck to paycheck. All that requires is your own willingness to do it. This article will explain some of the top saving money tips and different ways to save different sums of money and into what saving vehicles to put your money.
Learn how to save money each month. The first step to saving money is really to be in the habit of saving. In other words, you have to do it on a regular basis. And what’s a better way to do it than doing automatically.
How to save money – start with small amount?
If you’re a small saver and doesn’t have a lot to start with, do not despair just yet. There are ways you can get started.
An investing and savings app called Acorns will help you saving small amounts. It allows you round up your extra cash into an automatic account. Acorns puts the money for you into low cost ETF portfolios. Even if it’s small, it adds up at the end of the year.
How to save money without thinking about it
Saving money regularly is hard. But if there is a way to do it without even trying. Well, there is such a way: Digit.
Digit analyzes your income, bills, and spending habits, and find extra money that they can withdraw and transfer them them for you into a savings for you.
How to save money by consolidating your debt
Consolidating your debt is one of the easiest ways to save money — especially if you have a lot of credit card debt with high interest rates. All you need to do when thinking of consolidating is that you borrow a personal loan with a low interest rate and use it to pay off your high interest debt.
Credible is one the best ways to consolidate your debt. They provide you with multiple lenders and loan offers. And all you have to do is choose the best offer that suits your needs.