Simple Strategies to Save More Money

Step-by-step guide

1. 1

   Pay yourself first

   Transfer savings automatically on payday before you have a chance to spend it. Treat savings like a non-negotiable bill you must pay.

2. 2

   Use the 50/30/20 rule

   Spend 50% on needs (rent, food, transit), 30% on wants (entertainment, dining out), and save 20%. Adjust percentages based on your situation.

3. 3

   Cut one big expense

   Downgrade your phone plan, cancel unused subscriptions, or meal prep instead of eating out. One significant cut is easier than many tiny ones.

4. 4

   Try a savings challenge

   52-week challenge (save $1 week 1, $2 week 2, etc. = $1378/year). No-spend weekends. Round-up apps that invest your spare change automatically.