7 Easy Ways to Start Saving Smart

Here are some ideas that can seem small but could go a long way to providing you with a little extra breathing room in your savings account. There are also a few ways that Everwise can help along the way as well!

1. Trim the fat: Do you have subscriptions you no longer use? Should you cancel that membership to the Jelly of the Month Club? Now is a great time to evaluate all of the items that get automatically deducted each month that you’ve long forgotten about or don’t use anymore. Take a look at your recent account statements to see if you can save some dough on the things you forgot you were paying for.
2. Did you pay something off recently? If you recently made your final car payment, or you now own your home outright, don’t just use that money frivolously now. Putting that money into a savings account each month could make a big difference. Trust us, if you don’t get used to spending it on other things, you’ll never miss it in the first place!
3. Put it on auto pilot: Make sure to set up automatic transfers when you get paid. If you transfer what you can afford to set aside each paycheck directly into savings each pay period, that will add up quickly in savings!
4. Change your habits: Look for ways to cut simple costs from your monthly spending. Instead of using expensive food delivery services, dust off those casserole recipes and cook at home! If you cook at home rather than going out three or four extra times a month, that could save you a ton in the long run.
5. Save smarter: Did you know that with our Choice Savings you have the opportunity to open multiple savings accounts and give them names that represent your financial targets? So, you can be saving for that vacation, the fancy watch you’ve had your eye on, AND bulking up your emergency fund all at the same time. With Everwise, you can stay on track and keep your plan in focus!
6. Round-up: When is the last time you spent that spare change on the floorboard of your car? Never, right? Well, put that change to good use! Our Round-Up Savings program makes it easier than ever to build up your balance. Every time you buy something with your Everwise Debit Mastercard^®, we'll round the purchase amount up to the nearest dollar and transfer the difference from your checking to your savings account.
7. Certificates are the way to go: Did you know a Certificate offers a higher rate of return than most savings accounts, and you never have to worry about losing money? In fact, Everwise offers a wide range of high-yield savings Certificates that have guaranteed returns. Yep, guaranteed! In other words, you can get a piece of the action and still enjoy peace of mind AND you can get started with as little as $500. So, what are you waiting for? This is a certifiable way to help boost your savings – check out our Certificates today!

Dislclaimer

All information presented on this page is for educational purposes only and doesn’t constitute tax, legal, or accounting advice. It is to be considered as general information, not recommendations. Please consult with an attorney or tax professional for guidance.