5 ways to maximize your savings.
1. Auto-Save Apps
Our most loved option would be auto-saving financial apps. Our favorite app, Digit, provides a simple interface with great features such as opening a savings account within the app, auto-saving, personalized goals, etc. Although very handy, the app does have a fee of $2.99 a month, with your first month free. In our opinion, this app is well worth the extra coffee a month.
2. Saving Change
Although it may seem very minor, this can add up fast. If you pay cash with most of your purchases, rather than a debit/credit card, this is a wonderful option. At the end of each transaction keep the coins you get back, and store them in a mason jar or container. Overtime the container will become fuller and fuller. In our experience, we gained about an extra $100 a year from this method. Simple yet effective.
Coupons may be a hassle to drag around in your wallet or purse, but can save you some serious cash. Whether its a new pair of jeans or a new laptop, you will find a deal on it. Websites such as RetailMeNot offer you coupons, discount gift cards, cash back and more. Also check out those weekly ads you may find in your mailbox, and try to find some eye-catching deals.
Dozens of website offer you cash back just for shopping like you usually would online. Ebates offers you over 10% cashback for some websites, with browser plugins that can automatically apply promo codes. Cashback is a very simple solution to growing your savings balance. Simply clicking a button can earn you cash back on your favorite websites.
5. Cancel Subscriptions
Subscriptions can be hefty, with some reaching over $80 a month. If you find yourself having a subscription to everything, it may be time to cancel some. Have a streaming subcsription, but can't remember the last time you watched anything? Cancel it. You can always resubscribe later! Also, signing up for free trials can be extremely handy unless you don't actually need the service. In this case, make sure to cancel your trail before it renews or you will be stuck with a monthly bill!
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