The Best and Easiest Way To Save Money

When talking about saving money the conversation can go in all sorts of different directions. "Make a budget," they tell you. "Buy less Starbucks," maybe they even tell you to, "Just spend less money." While these are all fantastic methods to help you save money these ideas fail in one area: all of them entrust you to them. That is where my method of saving money succeeds the most, you don't have to be in control at all.

Generally people in today's world partake in online banking. It is only a minute population that still religious use tellers to do there banking. It is with immense benefit to be on the online platform because you can really take control of your finances. And this is where you can really optimize you savings.

READ - How to Start Investing

The Method

Firstly what needs to be done is for you to have a savings account. If you already have one open - congratulations you are almost there to saving more money. If not...open one. 

Savings accounts are great for two reasons:

• You can earn interest on the money that's in your account
• Gives you a place to store your money outside of your chequing account.

The point I want to focus on is the 2nd point. This point is extremely important, by having a second home for your money (not just having one account) this allows you to have money that's somewhat out of sight. Ever heard of the saying "Out of sight, out of mind?" Exactly, it applies here.

You are straight up less likely to touch your money in your savings account. Also pro tip, if you are obsessed with your credit card please don't use it anymore, try out your debit card. The credit card should only be used to grow your credit score not suffer in the pain of paying back intrested money. But if you really need to use one and you can't stop, adjust your spending limit on your card.

Doing all these things are a set-up to the finally. On your online banking go into the transfer money section. It is there that you will be able to set up AUTO deposits from your chequing into your savings. KEYWORD IS AUTO. By making automatic contributions you are putting the savings into the hands of technology. 

A key point to make is that no matter how big or how small the contribution is to your savings just at least put some money into it for a contribution. This will make sure you steadily grow your savings.

And this is how easy it is to spend money. Maybe you will be spending the same...but I guarantee you will at least save $1 doing this. Open savings account, responsible credit card use and set up AUTO contributions to your savings. MONEY WILL BE SAVED... AUTOMATICALLY.

Cheers.