5 Ways to Save More Cash Each Month
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Saving money can sometimes feel like a challenge, especially with all the expenses that seem to pop up unexpectedly.
Whether you’re a parent aiming to teach your children the importance of saving, or you’re simply trying to set aside a bit more each month for a new laptop or to pay off a loan, finding effective ways to save money is crucial.
We’ll explore 5 practical strategies to help you keep more cash in your pocket each month!
1. Use the Revolut App to separate your Cash, create a Budget & Set Limits
The Revolut app makes managing your finances easier than ever. You can set spending limits, freeze your card with a tap, and even create single-use cards that automatically refresh after each purchase.
By setting spending limits within the app, you can ensure that you stay within your budget, helping you avoid unnecessary overspending.
With Revolut, you get a comprehensive view of your spending habits, broken down by category, country, merchant, and more, giving you the insights you need to stay on track financially.
Revolut Junior
Revolut Junior is designed with kids in mind, allowing you to monitor and control their spending. Revolut Junior also includes features like Goals and Tasks, where you can assign chores and reward your children for completing them, making it a fun and educational way to manage their savings.
2. Use the YNAB Budgeting App
Ever feel like your monthly income disappears in the blink of an eye, leaving you clueless about where it went?
Tracking finances can be a real challenge, especially when dealing with cash transactions or missing receipts. Sorting through past bank statements may seem tedious, and creating a spreadsheet can be equally daunting. Instead, consider using the all-in-one Budgeting App YNAB to simplify and streamline your financial tracking.
YNAB can help you organize your monthly spending and help you create healthy financial habits to make you feel less stressed about where your money is going each month. Even saving to have left over cash at the end of the month!
3. Use Barclays US High Interest Savings Account
Investing your emergency-fund money into a high interest savings account will ensure that it grows for you.
High interest savings accounts, such as Barclays Online Savings offer higher interest rates and apply compound interest daily, meaning you can start off with less money to earn more over time (who doesn’t want that?).
With no additional charge, easy online access whenever you need it, Barclays US savings account is a risk-free and good way to grow your money while still having the security to use it whenever you need money.
Use Barclays Online Savings and make your money work for you.
4. Consider an Online Bank like SoFi
High-Yield savings accounts are an essential financial product if you’re planning on saving up for something in the near future, or having some leftover cash at the end of each month.
Using an online bank like SoFi can get you more return on your money than you could in a brick-and-mortar bank account because your cash is safe and accessible. Online banking with SoFi has lower overhead costs, which allows them to charge you lower fees and offer you higher APYs than brick-and-mortar banks.
Consider using SoFi today and make your cash go further.
5. Use Our Unique Budgeting Tool
Here at Financer.com we have created a specialized and easy-to-use budgeting tool designed with you in mind.
Follow the easy steps to get a handle on your monthly budget and get advice from our expert financial advisers to make the best decisions for your financial future.
With just a few easy steps, you too can budget like a pro.
