How to Increase Your Savings

The most simple way to get better at something is to start small. Working your way to success incrementally is one of times true and tested paths to excellence. When it comes to money management the same applies. The best way to increase your finances is to make consistent and small tweaks in your daily lifestyle.

So what exactly are some ways of doing this?

here are some suggestions to help you improve by one percent, courtesy of and


  • Call your credit card company and ask them to waive the annual fee.
  • Swap out one bar/restaurant night a month for a cooking night in with friends or some other inexpensive activity.
  • Create a baby-sitting club with friends: Each couple can switch off sitter duty of the others’ kids so you can enjoy a cheaper night out.
  • Try a booze-free month (good for your health and your wallet).
  • Follow Kristin’s 10/10 Rule
  • Set up rules on an app like Qapital (say, save one percent of your salary every time direct deposit hits)
  • Cut out Amazon, or institute an “Amazon Day,” as M3000P suggests: “To curb my splurging on Amazon, I have a designated day — Thursday — as the only day I can buy. So the rest of the week I throw stuff in the cart but ‘Amazon day’ is the only day I can checkout.”
  • Learn a skill you used to pay for (like changing your oil).
  • Go through your last credit card statement and see which subscriptions you can cancel.
  • “Round out your savings account after every paycheck, just contribute whatever is needed to make the nearest hundred whole (i.e. $178 to $200),” suggests ChooseFi.
  • Exercise more. According to a study from Vasilios Kosteas at Cleveland State University, men who exercise frequently earn six percent more on average, while women who exercise frequently earn 10 percent more.
  • Index. Your. 401(k). You’ll pay significantly less in fees (and likely benefit from higher returns).
  • Shop around for new car insurance. “According to J.D. Power, consumers who switched insurers saved an average of $388 in 2015.”
  • Skip the upgrade. Maybe you’re up for a new phone or tablet. Do you really need a new one this year? Consider how much it would inflate your bill each month and keep what you have.
  • Abstain from buying new kitchen and bath products until you’ve used up what you have.
  • Relatedly, “take a moment to reflect on everything you own. Make it a mental game of trying to make everything you’ve already bought earn their cost. It’ll give you satisfaction and you’ll feel less like you wasted so much money. Additionally you’ll focus less on new things and end up saving money.”
  • Ask your boss if it’s possible to work from home one day a week, to save on commuting costs.
  • Save every $5 bill you get.
  • Stock up on pantry basics, and maybe, finally, get into meal planning.
  • Apply $100 extra to the principal amount of your student loan balance.
  • Finally open that Roth IRA and put $100 into it.
  • Eat more veggies and grains, and less meat. Consider instituting a “meatless Monday.”
  • “Gift food or experiences instead of “stuff” and commit to sharing moments, not clutter,” suggests ChooseFi.