Each year, countless Americans resolve to stop mindless spending and finally start saving for the future. The New Year brings a lot of motivation and encouragement, but soon after the first few weeks of January, many of us fall off track. 

The trick to staying on top of your saving is to start early and start with a plan. Here, we’ll discover the best tips and tricks to help you make saving a habit this year, not just a wish. Let’s make 2020 our most prosperous year yet!


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Limit unnecessary purchases.

This is an obvious one, but to start saving more, we need to spend less. Look at any unnecessary subscription services, convenience spending, or impulse habits. January can be a particularly tough time for many after the hit of the holidays. Reduce the impact by cutting back and making do in January.  




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Reduce, renew, recycle. 
When possible, take the chance to buy used or upcycle something you already have. This goes for things around the house as well as food and personal items. Replace costly household cleaners with much cheaper (and more natural) DIY alternatives and make better use of your groceries and leftovers.


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Teach your family the beauty in having less.

If your family tends to be more maximalist than minimalist, consider spending the month of January to drastically de-clutter and donating your unused items. Kids tend to accumulate a lot of toys, clothes, and “stuff” that eventually gets forgotten once the next shiny thing comes around. In fact, children can be happier just a few toys that they really love. Teach them about the joys of giving and plan to buy fewer new things throughout the year.  




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Save automatically.
The easiest way to start a saving habit is to have technology do all the hard work for you. Set up a recurring transfer between your checking and savings account either weekly, with each paycheck, or monthly. You’ll never have to remember to save and you won’t end up spending your savings. 


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Get a clear budget. 

It’s nearly impossible to know how much you can really save until you create a clear budget. Account for every dollar spent on monthly bills, gas, personal spending, groceries and any other necessities. Allocate what’s left over for savings.   

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Save it ‘Til You Make It
Whether you’re saving for a home, saving for renovations, saving for a trip, or saving for your financial freedom, the path to success is with small, easy to attain steps and clear priorities. The tips in this blog have helped millions get out of debt, save for a home, or become financially stable. This is all possible for you, too! Best of luck this year!