how to save money presentation

What are your financial priorities?

Answer a few simple questions, and we’ll direct you to the right resources for every stage of life.

Welcome back. Your personalized solutions are waiting.

Welcome back. Here's where you left off.

You might also be interested in:

Related content

Read more , 4 minutes

Read more , 3 minutes

View infographic , 2 minutes

Read more , 2 minutes

8 simple ways to save money

Saving is easier when you have a plan—follow these steps to create one

Read, 4 minutes

Sometimes the hardest thing about saving money is just getting started. This step-by-step guide can help you develop a simple and realistic strategy, so that you can save for all your short- and long-term goals.

Record your expenses

The first step to start saving money is figuring out how much you spend. Keep track of all your expenses—that means every coffee, household item and cash tip as well as regular monthly bills. Record your expenses however is easiest for you—a pencil and paper, a simple spreadsheet or a free online spending tracker or app. Once you have your data, organize the numbers by categories, such as gas, groceries and mortgage, and total each amount. Use your credit card and bank statements to make sure you’ve included everything.

Bank of America clients can access the Spending & Budgeting tool in Mobile and Online Banking to automatically categorize transactions for easier budgeting.

Include saving in your budget

Now that you know what you spend in a month, you can begin to create a budget . Your budget should show what your expenses are relative to your income, so that you can plan your spending and limit overspending. Be sure to factor in expenses that occur regularly but not every month, such as car maintenance. Include a savings category in your budget and aim to save an amount that initially feels comfortable to you. Plan on eventually increasing your savings by up to 15 to 20 percent of your income.

Find ways to cut spending

If you can’t save as much as you’d like, it might be time to cut back on expenses. Identify nonessentials, such as entertainment and dining out, that you can spend less on. Look for ways to save on your fixed monthly expenses, such as your car insurance or cell phone plan, as well. Other ideas for trimming everyday expenses include:

Search for free activities

Use resources, such as community event listings, to find free or low-cost entertainment.

Review recurring charges

Cancel subscriptions and memberships you don’t use—especially if they renew automatically.

Examine the cost of eating out vs. cooking at home

Plan to eat most of your meals at home, and research local restaurant deals for nights that you want to treat yourself.

Wait before you buy

When tempted by a nonessential purchase, wait a few days. You may realize the item was something you wanted rather than needed—and you can develop a plan to save for it.

Set savings goals

One of the best ways to save money is to set a goal . Start by thinking about what you might want to save for—both in the short term (one to three years) and the long term (four or more years). Then estimate how much money you’ll need and how long it might take you to save it.

Common short-term goals: Emergency fund (three to nine months of living expenses), vacation or down payment for a car

Common long-term goals: Down payment on a home or a remodeling project, your child’s education or retirement

Set a small, achievable short-term goal for something that’s fun and goes beyond your monthly budget, such as a new smartphone or holiday gifts. Reaching smaller goals—and enjoying the reward you’ve saved for—can give you a psychological boost, making the payoff of saving more immediate and reinforces the habit.

Determine your financial priorities

After your expenses and income, your goals are likely to have the biggest impact on how you allocate your savings. For example, if you know you’re going to need to replace your car in the near future, you could start putting away money for one now. But be sure to remember long-term goals—it’s important that planning for retirement doesn’t take a back seat to shorter-term needs. Learning how to prioritize your savings goals can give you a clear idea of how to allocate your savings.

Pick the right tools

There are many savings and investment accounts suitable for short- and long-term goals. And you don’t have to pick just one. Look carefully at all the options and consider balance minimums, fees, interest rates, risk and how soon you’ll need the money so you can choose the mix that will help you best save for your goals.

Short-term goals

If you’ll need the money soon or need to be able to access it quickly, consider using these FDIC-insured deposit accounts:

• A savings account
• A certificate of deposit (CD) , which locks in your money for a fixed period of time at a rate that is typically higher than that of a savings account

Long-term goals

If you’re saving for retirement or your child’s education, consider:

• FDIC-insured individual retirement accounts (IRAs) or 529 plans, which are tax-efficient savings accounts
• Securities, such as stocks or mutual funds. These investment products are available through investment accounts with a broker-dealer 1

Make saving automatic

Almost all banks offer automated transfers between your checking and savings accounts. You can choose when, how much and where to transfer money or even split your direct deposit so that a portion of every paycheck goes directly into your savings account. The advantage: You don’t have to think about it, and you’re less likely to spend the money instead. Other easy savings tools include credit card rewards and spare change programs, which round up transactions to the nearest dollar and transfer the difference into a savings or investment account.

With Mobile & Online Banking, Bank of America clients can easily set up automatic transfers between accounts.

Watch your savings grow

Review your budget and check your progress every month. That will help you not only stick to your personal savings plan, but also identify and fix problems quickly. Understanding how to save money may even inspire you to find more ways to save and hit your goals faster.

1 Remember that securities are not insured by the FDIC, are not deposits or other obligations of a bank and are not guaranteed by a bank. They are subject to investment risks, including the possible loss of your principal.

The material provided on this website is for informational use only and is not intended for financial or investment advice. Bank of America Corporation and/or its affiliates assume no liability for any loss or damage resulting from one’s reliance on the material provided. Please also note that such material is not updated regularly and that some of the information may not therefore be current. Consult with your own financial professional when making decisions regarding your financial or investment management. ©2024 Bank of America Corporation.

What to read next

More from bank of america, bank of america life plan® helps you create a plan that’s tailored to your goals..

We're here to help. Reach out by visiting our Contact page or schedule an appointment today.

• Schedule an appointment

Mobile Banking requires that you download the Mobile Banking app and is only available for select mobile devices. Message and data rates may apply.

The Spending & Budgeting tool is currently available to clients with a personal checking or savings account, credit card, a linked Merrill investment account, as well as a Small Business checking or savings account.

Fees apply to wires and certain transfers. See the Online Banking Service Agreement  for details. Data connection required. Carrier fees may apply.

You're continuing to another website

You're continuing to another website that Bank of America doesn't own or operate. Its owner is solely responsible for the website's content, offerings and level of security, so please refer to the website's posted privacy policy and terms of use. It's possible that the information provided in the website is available only in English.

Va a ir a una página que podría estar en inglés

Es posible que el contenido, las solicitudes y los documentos asociados con los productos y servicios específicos en esa página estén disponibles solo en inglés. Antes de escoger un producto o servicio, asegúrese de haber leído y entendido todos los términos y condiciones provistos.

Advertising Practices

We strive to provide you with information about products and services you might find interesting and useful. Relationship-based ads and online behavioral advertising help us do that.

Bank of America participates in the Digital Advertising Alliance ("DAA") self-regulatory Principles for Online Behavioral Advertising and uses the Advertising Options Icon on our behavioral ads on non-affiliated third-party sites (excluding ads appearing on platforms that do not accept the icon). Ads served on our behalf by these companies do not contain unencrypted personal information and we limit the use of personal information by companies that serve our ads. To learn more about ad choices, or to opt out of interest-based advertising with non-affiliated third-party sites, visit YourAdChoices powered by the DAA or through the Network Advertising Initiative's Opt-Out Tool . You may also visit the individual sites for additional information on their data and privacy practices and opt-out options.

To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs .

Connect with us

Your Privacy Choices

Some materials and online content may be available in English only.

Bank of America, N.A. Member FDIC. Equal Housing Lender

© 2023 Bank of America Corporation. All rights reserved.

Investment products:

Bank of America and its affiliates do not provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

How to take charge of your personal finances

It's hard to know where to start with personal finance — saving, budgeting and everything else in between. These TED Talks provide insightful perspectives and practical advice to help you face your financial situation with honesty and compassion.

An honest look at the personal finance crisis

Why the secret to success is setting the right goals

Let's get honest about our money problems

Could your language affect your ability to save money?

The true cost of financial dependence

How I learned to read -- and trade stocks -- in prison

Why you should define your fears instead of your goals

Get expert advice delivered straight to your inbox.

How to Save Money: 23 Tips That Work

12 Min Read | Jan 19, 2024

Pop quiz. (Don’t worry, there are no grades and no wrong answers.) Do you want to save more money to:

a) Accomplish your money goals fast? b) Find some breathing room in your budget? c) Stop relying on credit cards for emergencies? d) Add more security in your life? e) All of the above?

Well, I’ve got some good news! No matter your answer, you’re about to learn how to save money with 23 tips you can start working on today —like right now. You ready? Let’s do this!

How to Save Money: 23 Tips

• Make a budget.
• Say goodbye to debt.
• Set a savings goal.
• Save money automatically.
• Buy generic.
• Cancel some subscriptions and memberships.
• Adjust your tax withholdings.
• Check your insurances rates.
• Reduce energy costs.
• Pack your lunch.
• Stop eating out.
• Use your employer’s retirement match.
• Switch your cell phone plan.
• Try a no-spend month.
• DIY . . . everything!
• Skip the coffee shop.
• Get a library card.
• Stuff your cash envelopes.
• Stay out of “that store.”
• Use cash-back apps and coupons.
• Refinance your mortgage.
• Learn the power of “no” (or “not now”).

1. Make a budget.

A budget is just a plan for your money. Think of it as a map to get you to your money goals. And you need a budget.

Because here’s the thing—if you do every single tip in this how to save money list, but you don’t have a budget . . . you’re playing yourself. You’ll end up accidentally spending everything you intentionally saved. Simply because you didn’t have a plan!

We’ve all been there , so let’s level up.

I need you to make a budget today to see where you are with your money—and then keep making one every single month to get where you want to be.

2. Say goodbye to debt.

I’m not the only one who says ditching your debt is a top tip for saving money. But even if I was, I’d still shout it from the rooftops, because I’ve lived this.

My husband and I paid off $460,000 in debt. (You read that right.) And getting that weight off our backs and out of our lives meant first deciding to stop borrowing money. Because borrowed money, aka debt, straight up steals your income.

I mean look at how much money debt is taking from the average America each month:

• Average Student Loan Payment:  $393 1
• Average Credit Card Payment (based on a 2% minimum payment):  $121.76 2
• Average New Car Payment:  $726 3
• Total:  $1,240.76 (and that’s just three kinds of debt!)

Imagine throwing $1,240.76 toward your savings goals instead of your past. Every month.

Now look at your debt. What would you get back in the budget if it was gone ? Paying off debt takes time and effort—but keep your eye on how much you’ll save and the freedom you’ll feel when you finally get to pay yourself instead of paying debt.

3. Set a savings goal.

Sometimes the best way to save money is by setting a savings goal—a specific dollar amount with a set deadline. You can try the 100 Envelope Challenge and hit a $5,050 goal or use one of our savings trackers and fill in whatever amount you want.

Bonus tip: Be sure you know why this money is so important for you to save. Because remember—the stronger the why , the stronger the try .

4. Save money automatically.

Set up a direct deposit from each paycheck to your savings account. That way you don’t even think about the money you’re saving—you’re just saving.

Start budgeting with EveryDollar today!

And if you really want to get serious, use a separate bank from your existing checking account. I love using online banks for this! Out of sight, out of reach, less temptation to spend.

5. Buy generic.

Hey, I don’t mind if you’re a brand snob about a few things. I won’t sit up here and tell you that Walmart Twist & Shouts taste the same as Nabisco Oreos. But please know a ton of name brands are exactly the same as the generic—except the brand name paid more for marketing. And that means you’re paying more for a fancy logo.

Try out generic brands of the basics for sure: medicines, staple food items, cleaning supplies and paper products.

6. Meal plan.

The hardest budget line to keep in line? Food. The best way to save money on food ? Meal plan. (Every breakfast, lunch, dinner and even snack!)

And build this meal plan based on:

• What’s already in the fridge, freezer and pantry (don’t waste food!)
• Your schedule (need dinners you can make quick for busy nights?)
• What’s on sale (pick recipes with those sale ingredients!)
• What needs the least amount of ingredients (because less is more here—more savings, that is!)

Then make a grocery shopping list—and stick to it. For real. Say goodbye to wasted food and drive-thru temptations and hello to legit money savings.

Pro tip: Download my girl Rachel Cruze’s free meal planner and grocery guide for more tips, tricks and even printables to help you here.

7. Cancel some subscriptions and memberships.

If you want to save money each month, pick one TV streaming service . Just one. Then do a quick subscription audit and see what else you can cut. If that subscription or membership isn’t changing your life and you’d rather have that money in your bank account, cancel it! Remember, most of these cuts are just temporary while you get that cash stacked.

8. Adjust your tax withholdings.

Listen, if you’re getting huge tax refunds each year, that means you’ve been loaning the government money every month without interest . I don’t think so—homie don’t play that. It’s time to adjust your tax withholding . Put that money back into your monthly budget.

9. Check your insurance rates.

Why is this a money saving tip? You could be overpaying or be underinsured. Both of those can cost you big. This is not an excuse to cut insurances, but it is an excuse to take our 5-Minute Coverage Checkup to make sure you’ve got the exact coverage you need.

10. Reduce energy costs.

If you’re looking for easy ways to save money on your electric bill , make a few tweaks to your home. Start with some simple things like taking shorter showers (notice I didn’t say fewer showers), fixing that toilet that runs continuously, washing your clothes in cold water, and turning the lights off when you leave a room. You’ll be shocked at how these small changes can really add up.

11. Pack your lunch.

Get this—the average household spends about $3,639 on food  outside  of the home each year. 4  That’s $303 a month! And you know some of that is spent going out for lunch at work. Pack your midday meal instead—it’s a great way to save money and eat healthier.

Pro tip: Check out these cheap lunch ideas for inspiration.

12. Stop eating out.

Are y’all ready for me to level up that last challenge? What if you stopped eating out completely ? I know, I’m trying your life right now. But look—it’s not for the rest of your life, just for a while. You could pack that $303 into your savings each month and hit your goals way quicker.

Also, if you’re in debt, this is the first luxury I need you to cut. And you won’t even have to skip out on your favorites. You know you can make more—and better —pizza at the house for way less anyway!

13. Use your employer’s retirement match.

If you’re ready for Baby Step 4, see if your employer offers a  401(k) match . It’ll feel like free money, and it’ll help you get a jump on your retirement savings goals with every contribution.

14. Switch your cell phone plan.

When was the last time you shopped around for better cell phone deals ? It’s time. See what other providers offer. Then take what you learn to your provider and see if they’ll give you a deal to stick with them. If not, and you aren’t in a contract with a timeframe . . . go ahead and make that switch.

15. Try a no-spend month.

Let’s be honest: If you’re in the midst of trying to pay off debt or save money, every month should be a no-spend month . Keeping a needs-based, no-fluff budget for 30 days at a time can save hundreds if not thousands for some!

Because that’s what a no-spend month is—you commit to cutting out those non-essentials for one month.

Just make sure you know your parameters from day one (what you will and won’t buy). And do yourself a favor: Get an accountability partner or have a friend take the challenge with you. It seriously helps.

16. DIY . . . everything!

Before you shell out the cash to pay for a new backsplash, bench or fancy light fixture, think about doing it yourself. Usually, the cost of materials and a simple YouTube search will save you a ton of money here.

I’ll be honest—your girl is not crafty in any way, shape or form, so I’ll probably just wait until I can afford to pay a pro. But if projects are your thing, check out this list of 10 home projects you can probably tackle yourself!

17. Skip the coffee shop.

This one gets said so much some of you are rolling your eyes—but if you’ve got a big coffee shop habit, you can save big by becoming your own barista. And when you do go out for a treat, learn some coffee shop hacks  so you aren’t paying full price for your fancy caffeine fix.

18. Get a library card.

Before you click Add to Cart on that brand-new book, get yourself a library card! And if you’re more into audiobooks or eBooks, grab an app like Libby that connects to your library so you can check out those versions from your phone or tablet.

19. Stuff your cash envelopes.

Step away from the plastic! Matter of fact, go ahead and take the credit and debit cards out of your wallet. If you really want to get serious about saving, start using the cash envelope system to practice mindful spending.

When you use cash, it activates the pain centers of your brain, creating more friction for every purchase. Simply put, when you spend cash, you feel it! And that helps you spend less—which means you save more!

20. Stay out of “that store.”

When you’re learning how to save money, don’t even think about putting yourself in a tempting environment. We all have “that store,” the one that encourages us to get all spendy and stuff. For me it’s Home Goods. For you, it’s (fill in the blank).

Know it. Own it. Avoid it! And then, replace that shopping trip with something else fun like baking cookies with the family. That way you still enjoy yourself without risking those pricey purchases.

21. Use cash-back apps and coupons.

Use coupons. You can clip them from actual paper or click them in an app, but this is money just waiting to be saved. Don’t sleep on it.

Then go one step further and check out cash-back apps  to save even more on stuff you’re already going to buy. (Just don’t get talked into buying things you don’t need because of a deal—that’s not a deal. At all.)

22. Refinance your mortgage.

Let’s face it—with interest rates the way they are, for most of us, now is probably not the time to refinance. But keep this in your back pocket as a long-term money saver for later down the line if and when interest rates drop.

If you’ve got a 30-year mortgage, you’re spending a  ton  on interest over the life of that loan. A. Ton. Refinancing to a 15-year fixed-rate mortgage will save you thousands of dollars in the long run. Talk with one of our  RamseyTrusted Real Estate Agents  to see if a refinance is worth it for you.

But even if the numbers don’t work out for you to do a formal refinance, you can keep your great rate and pay off your mortgage early by simply treating your 30-year mortgage like a 15-year mortgage and upping your payments on your own.

23. Learn the power of “no” (or “not now”).

We live in a world of instant gratification. Food from our favorite restaurants— boom! At our door in an hour or less. The show you want to binge—ready for you to hit play, now . The ads on social media say you need this, that and the other. And with the swipe of your finger, it’s at your doorstep. We’re a just a couple clicks away from nearly-instantly satisfying our desires for anything!

But if you’ll delay some of that gratification by using the magic of no or in some cases not now —you’ll save  so much money , build better spending habits, and feel more contentment overall. Savings with a side of mental and emotional health? Hit me!

Saving Money Starts With a Budget

Saving money starts, ends and has everything in between to do with your budget. So make your budget. Right now.

Get all your income and expenses in there. Then start working through these tips. And all the money you save with all that work—stick it in the budget too!

Whether you budget already or not, check out EveryDollar . This is the budgeting app my family uses. EveryDollar played a huge role in helping us get out of debt, and it helps us set and stick to our money goals—one monthly budget at a time!

You  can  do this! Starting today, you can save more and spend less by using these 23 tips to make 2024 your best year with money yet.

Save more. Spend better. Budget confidently.

Get EveryDollar: the free app that makes creating—and keeping—a budget simple . (Yes, please.)

Did you find this article helpful? Share it!

About the author

Jade Warshaw

Since paying off over $460,000 in debt with her husband, Sam, Jade Warshaw has been coaching others on how to go from the angst of debt and payments to the ease of financial peace. As a co-host of The Ramsey Show, the second-largest talk radio show in America, Jade helps people pay off debt by teaching them to shift their mindset and actions around money. Jade is a Ramsey Solutions Master Financial Coach, debt elimination expert and debt-free entrepreneur. Learn More.

19 Cable Alternatives to Save You Money in 2023

One quick way to free up extra cash is to cut the cable cord. And with all the cable alternatives out there, you won't even have to sacrifice the fun to save a ton. Let's start with 19 of the best.

How to Save Money on Your Electric Bill

With this list of tips, you’ll learn how to save on your electric bill so you can stay comfortable in your home—and with your wallet.

• Pre-Markets
• U.S. Markets
• Cryptocurrency
• Futures & Commodities
• Funds & ETFs
• Health & Science
• Real Estate
• Transportation
• Industrials

Small Business

Personal Finance

• Financial Advisors
• Options Action
• Buffett Archive
• Trader Talk
• Cybersecurity
• Social Media
• CNBC Disruptor 50
• White House
• Equity and Opportunity
• Business Day Shows
• Entertainment Shows
• Full Episodes
• Latest Video
• CEO Interviews
• CNBC Documentaries
• CNBC Podcasts
• Digital Originals
• Live TV Schedule
• Trust Portfolio
• Trade Alerts
• Meeting Videos
• Homestretch
• Jim's Columns
• Stock Screener
• Market Forecast
• Options Investing
• Chart Investing

Credit Cards

Credit Monitoring

Help for Low Credit Scores

All Credit Cards

Find the Credit Card for You

Best Credit Cards

Best Rewards Credit Cards

Best Travel Credit Cards

Best 0% APR Credit Cards

Best Balance Transfer Credit Cards

Best Cash Back Credit Cards

Best Credit Card Welcome Bonuses

Best Credit Cards to Build Credit

Find the Best Personal Loan for You

Best Personal Loans

Best Debt Consolidation Loans

Best Loans to Refinance Credit Card Debt

Best Loans with Fast Funding

Best Small Personal Loans

Best Large Personal Loans

Best Personal Loans to Apply Online

Best Student Loan Refinance

All Banking

Find the Savings Account for You

Best High Yield Savings Accounts

Best Big Bank Savings Accounts

Best Big Bank Checking Accounts

Best No Fee Checking Accounts

No Overdraft Fee Checking Accounts

Best Checking Account Bonuses

Best Money Market Accounts

Best Credit Unions

All Mortgages

Best Mortgages

Best Mortgages for Small Down Payment

Best Mortgages for No Down Payment

Best Mortgages with No Origination Fee

Best Mortgages for Average Credit Score

Adjustable Rate Mortgages

Affording a Mortgage

All Insurance

Best Life Insurance

Best Homeowners Insurance

Best Renters Insurance

Best Car Insurance

Travel Insurance

All Credit Monitoring

Best Credit Monitoring Services

Best Identity Theft Protection

How to Boost Your Credit Score

Credit Repair Services

All Personal Finance

Best Budgeting Apps

Best Expense Tracker Apps

Best Money Transfer Apps

Best Resale Apps and Sites

Buy Now Pay Later (BNPL) Apps

Best Debt Relief

All Small Business

Best Small Business Savings Accounts

Best Small Business Checking Accounts

Best Credit Cards for Small Business

Best Small Business Loans

Best Tax Software for Small Business

Filing For Free

Best Tax Software

Best Tax Software for Small Businesses

Tax Refunds

Tax Brackets

Tax By State

Tax Payment Plans

All Help for Low Credit Scores

Best Credit Cards for Bad Credit

Best Personal Loans for Bad Credit

Best Debt Consolidation Loans for Bad Credit

Personal Loans if You Don't Have Credit

Best Credit Cards for Building Credit

Personal Loans for 580 Credit Score or Lower

Personal Loans for 670 Credit Score or Lower

Best Mortgages for Bad Credit

Best Hardship Loans

All Investing

Best IRA Accounts

Best Roth IRA Accounts

Best Investing Apps

Best Free Stock Trading Platforms

Best Robo-Advisors

Index Funds

Mutual Funds

Personal Finance 101: The complete guide to managing your money

Introduction.

Creating a financially secure life can feel like a daunting task that requires the skills of expert mapmaker and GPS programmer. You need to figure out where you are today and where you want to get to. As if that's not a big enough lift, you're then in charge of finding the best route to get from here to there without veering off into costly detours.

Take a deep breath. Relax your shoulders. 

It's just seven steps, and that's doable.

Some goals will take years — if not decades — to reach. That's part of the plan! But you also get an immediate payoff: a whole lot less stress starting the minute you dive into taking control of all the money stuff that's gnawing at you.

According to a 2019 survey, 9 in 10 adults say nothing makes them happier or more confident than having their finances in order. This guide is your ticket to joining in.

This guide lays out the seven key steps to focus on to get you working toward long-term financial security. Follow along from start to finish, or jump to the section(s) you want to learn more about.

Set short-term and long-term goals

Building financial security is an ongoing juggling act. Some of the money balls you have in the air are going to be goals you want to reach ASAP. Other goals might have an end date that is a decade, or decades, off but require starting sooner than later.

Creating a master list of all your goals is a smart first step. It's always easier to plot a course of action when you are clear on what you're looking to achieve.

It's up to you whether your list of short- and long-term goals is on a spreadsheet or pencil to paper. Just be sure to give yourself some quiet time to think it through. Here's a simple prompt: Money-wise, what would make you feel great? At its heart, that's what a financial plan delivers: the means to help you feel safe and secure, so you can focus on living, not worrying.

Possibilities to consider:

• Short-term goals to reach in the next year or so: Build an emergency fund that can cover at least three months of living expenses. Keep new credit card charges limited to what you can pay off, in full, each month. Hint: Create and follow a budget. Pay off existing credit card balances.
• Longer-term goals: Start saving at least 10% of gross salary every year for your retirement. Save for a home down payment . Save for a child's (or grandchild's) education in a tax-advantaged 529 Plan .

Create a budget

Not exactly a sexy topic. Agreed. But creating a budget happens to be the one step that makes every other financial goal reachable.

A budget is a line-item accounting of all your income — salary, maybe a side gig, perhaps income from an investment — and all your expenses. The whole purpose of a budget is to lay everything out in front of you so you can see where everything is going and make some tweaks if you're not currently on course to meet your goals.

One way to analyze your current cash flow is to run it through the popular 50/30/20 budgeting framework.

With this approach, the goal is to spend 50% of your after-tax income on essential costs (e.g., rent/mortgage, food, car payments) and 30% on other needed expenses (say, phone and streaming plans) or "nice to haves" such as dining out. The final 20% is for savings: building your emergency reserves, socking away money for retirement and saving up enough funds for a down payment on a house or your next car.

Another framework is the 60% Solution , which divvies up spending and saving targets a bit differently — but with the same focus on making sure you don't shortchange saving for long-term goals.

If your own pie charts look wildly different than either approach, that's your cue to spend some time considering how to adjust your spending or increase your income. (Hello, side gig! Or push for that promotion or raise already.) That will get you on a solid path that helps you meet short-term and long-term goals.

You can fire up an Excel or Google Docs spreadsheet to help you create a budget and track your progress. There are also budgeting apps you can sync with bank accounts that can make it easier to track spending in real time.  

Build an emergency fund

Okay, you likely need no convincing that having some money tucked away for life's endless stream of financial curveballs — pandemic layoff, the deductible for an MRI on the knee you wrenched, replacing whatever the mechanic tells you is the reason your car is acting up — is perhaps the ultimate money stress reducer.

But how to create your safety cushion? You've got plenty of stressed-out company. A survey by Bankrate.com found that 60% of people say they don't have enough money saved to cover a $1,000 emergency bill. And just one grand isn't likely even enough. Bankrate said that, among survey participants who had an emergency in 2019, the average tab was $3,500.

Building an emergency fund starts with setting a goal for how much protection you want to build. At a minimum, it's smart to have at least three months' worth of living expenses saved in an emergency account; six is even better. 

Can't even imagine pulling that off? Stop focusing on the big end-goal. The trick with this is to create an automated system that adds money to your emergency fund each month.

The best way to achieve this is to open a separate bank or credit union savings account that you designate as your emergency fund. (Keeping this money in your regular checking account introduces the temptation to use the money for non-emergencies.)

Online savings banks typically pay the highest yields. You can open a high-yield online savings account and set up an automatic transfer from your checking account into it. For even less temptation to spend, decline the debit card the online bank might offer you.

Pay off costly credit card debt

The unofficial term for the interest rate charged on unpaid credit card balances is "insane." While it's common for banks to pay savers less than 1% interest these days on savings accounts, the average interest rate they charge credit card users with an unpaid balance is pushing 17%.  

Paying off high-rate debt is one of the best investment moves, and the average 17% interest rate charged on unpaid credit card balances is a big roadblock to building financial security 

If you have a solid credit score, you might consider checking if you can qualify for a balance transfer deal to a new card that will waive interest payments for an initial period. Not having to pay any interest for a year, or more, gives you a chunk of time to make a big dent in repayment without interest continuing to pile up.

If a balance transfer isn't in the cards for you, there are two popular get-out-of-debt strategies you might consider.

From a financial standpoint, the "avalanche" method makes the most sense. You pay the minimum due each month on all your credit cards, and then add more money to the card charging the highest interest rate. When the balance on your highest-rate card is paid off, you start shoveling the extra payments to the card with the next-highest interest rate. Rinse and repeat.

Stymied as to where you can find the extra money to add to the highest-rate card? Time to scour that budget you've got running in the background. Maybe an expense gets totally chopped, or maybe you do some strategic nipping and tucking to reduce monthly outlays for some of your expenses.

With the "snowball" strategy, on the other hand, you send your extra monthly payments to the card with the smallest unpaid balance. The allure of this pay-back method is that it provides a nice bit of psychological mojo: By focusing on the card with the smallest balance, you'll get it paid off faster. Seeing a card balance hit zero can be valuable motivation … if you need it. Otherwise, the avalanche system actually will save you more money.

Save for retirement

Even if you have decades to go until retirement, the time to get started saving was yesterday. The longer you wait to get serious about this big honking goal, the more you will need to contribute to land in retirement in good shape.

There's no one rule for how much you'll want (read: need) to save for retirement, but a solid guideline is to have a multiple of your salary set aside at different ages. As you can see below, having retirement account balances equal to two times your salary by age 35 sets you up for success. When you're 50, the aim is to have six times your salary in retirement account, and by your late 60s, having 10 times your salary saved up is recommended.

The best way to save for retirement is to use special accounts that give you valuable tax breaks. Many workplaces offer retirement accounts that you contribute to, such as 401(k) and 403(b) plans — the former by private employers, the latter by nonprofits and the government. And everyone with earned income can contribute to their own individual retirement account — or IRA, for short. Many brokerages offer IRAs.

With both 401(k)/403(b) plans and IRAs, you may be able to choose between a "traditional" account or a "Roth" account. The difference is when you grab your tax break.

With traditional 401(k) and 403(b) accounts, you get an upfront tax break: Your contribution reduces your taxable income for the year. Traditional IRA accounts may also qualify for this upfront tax break, depending on your income. When you eventually make withdrawals from traditional retirement accounts, you owe income tax on every dollar you withdraw.

Roth 401(k) plans and IRAs deliver the tax break in retirement. The money you contribute today doesn't reduce your current income and your contribution is made with after-tax dollars. But when you make withdrawals in retirement, there will be no tax owed.

There are lots of moving pieces to nailing saving for retirement. Here are some key steps to take at different life stages.

• Start saving at least 10% of your gross salary ASAP. Saving 15% is even better . If you wait until your 30s to get serious about this, you'll likely need to save 20% or more of your salary to reach your retirement target. If you can't get to 10% right out of the gate, commit to a plan to boost your contribution rate at least one percentage point a year.
• Don't pass up a workplace retirement saving bonus . If you have a workplace plan, chances are you were "auto-enrolled." So far, so good. But there's a trap, too: Lots of plans automatically set your initial contribution rate at a level that is too low to qualify for the maximum matching contribution they offer to all employees. Grrr! Check with human resources that you are contributing at least enough to get the maximum match.
• No workplace plan? Check out IRAs. If you are an independent contractor/perma-gig worker, you qualify for a SEP IRA, which allows savers to contribute more each year than regular IRAs. That said, SEP IRAs only come in the traditional format; there is no Roth version of a SEP IRA. By the way, officially, SEP IRA is a Simplified Employee Pension Individual Retirement Arrangement.
• Consider saving in a Roth. Chances are you've yet to hit peak earnings, right? That means you've also probably not hit your peak income-tax rate, either. When you are in a lower tax bracket, a Roth 401(k) or a Roth IRA can make a lot of sense, given there's not a big value in getting the upfront tax break from a traditional account. Anyone can contribute to a Roth 401(k) or 403(b) if the plan offers it, but there is an income cutoff (it's pretty high) to be eligible to save in Roth IRA.
• Just getting started?  Aim to contribute 15% of your gross salary.
• Don't cash out when you job-hop. If you have a workplace retirement plan, you are allowed to move the money when you leave the job. One option is to take the money as cash. This is a seriously bad move. Not only will you trigger a 10% IRS penalty, but you may also owe income tax. And most important: You've just stolen from your future self, who is going to need that money in retirement.  Leave the money where it is, or consider a 401(k) rollover.
• Fire up an online retirement calculator . Now's the time to see if you're in the ballpark of where you want to be in 20 or so years. If you're coming up short, start picking apart your budget (and lifestyle) to find ways to save more. By your 40s, most financial advisors recommend having two to three times your annual salary saved in retirement funds. 
• Prioritize retirement over paying for college . Cold-hearted? Ruthless? Not if you work with your kid to focus on schools that are a good financial fit. Hint: It's all about the net price— that doesn't require you to raid your retirement account or slow down on your savings. That reduces the odds the kids will need to support you in retirement.
• Steer clear of lifestyle creep . Yep, you're making more now than in your 20s but, um, are you spending it all?
• Here are some numbers to consider.  By age 50, experts say to have six times your salary saved. By age 55, have seven times your salary saved. 
• Get an estimate of your retirement income.  There are online calculators that can help you hammer out a sense of how much monthly income you may be able to safely generate from your retirement savings, Social Security check and pension benefit — if you have one.
• Consider bringing in a pro to strategize. You may enjoy being a DIY retirement saver. But given all the moving parts in hatching a successful retirement income plan, you might consider consulting with a certified financial planner to work through your retirement income plan. There are many planners who charge a flat or hourly fee for a specific assignment. Or you might want to consider hiring a pro on an ongoing basis to help you manage your finances throughout your retirement.
• Take advantage of catch-up contributions. Once you cross the retirement savings Rubicon that is the half-century mark, the annual contribution limits for IRAs and 401(k)/403(b) plans rise. If a spin through an online retirement income calculator didn't deliver the numbers you'd like, stuff more money into your accounts now.
• Build tax diversification. If you've done most of your workplace retirement savings in traditional accounts, you might want to consider spending a few years saving in a Roth equivalent, if your plan offers one. Retirement planning experts recommend adding some Roth retirement savings as a way to create "tax diversification" that can help keep your IRS tab down once you retire.
• Check if these numbers add up. By age 60, have eight times your salary saved. By age 67, have 10 times your salary saved.
• Consider waiting to claim Social Security. You can start collecting your retirement benefit at age 62. Every month you delay past 62 earns you a higher eventual payout. Wait until age 70 and your payout will be 76% higher than what you'd get if you claim eight years earlier.
• Earn just enough to avoid starting retirement account withdrawals. If you want (and can) continue to work full-time at a fast-paced job, that's great. But if you're ready to downshift or you were pushed out of your career, a practical strategy may be to work at a job that brings in enough to cover your living expenses, even if you can't afford to continue to add to your retirement savings. At this point, giving what you have already saved more time to compound before starting withdrawals is a smart move.

Invest for retirement with a long-term focus

What you manage to save for retirement is the biggest factor in how comfy you're going to be when it's time to step off the work treadmill. But how you invest the money in your retirement accounts plays a large role, too.

Saving for retirement breaks down into how much you want to invest in stocks and how much in bonds. As if this needed pointing out now, stocks can be volatile at times, though over long periods (10 years or more) they have historically delivered higher returns than bonds.

Bonds are more chill. They don't fall like stocks in rough times — in fact, they typically rise when stocks are cratering. However, they don't gain as much as stocks, either.

A hidden risk to consider when you are deciding on your mix of stocks and bonds is inflation. That's the annoying fact that, over time, stuff costs more. Even at a benign 2% inflation rate, what costs $1,000 today will cost more than $1,600 in 25 years. Stocks over long stretches have produced the best inflation-beating gains.

The right stock-bond mix depends on your personal goals, stomach for risk and time horizon — or number of years you expect to hold your investments. Jack Bogle, renowned founder of Vanguard and tireless advocate for individual investors, suggested this simple rule of thumb: Subtract your age from 110. That's how much, percentage-wise, you might want to keep in stocks.

Borrow smart

Big-ticket purchases typically involve taking out a loan. The house you want to buy. The cars you drive. Helping your kids pay for college.

The key to building financial security is to only borrow what you truly need. And that can get tricky because right when you are looking to buy a house/car/college education, the lenders are focused on telling you the maximum you are allowed to borrow. No one is going to look you in the eye and suggest you borrow less. Lenders have no clue, or interest, in how the loan they are dangling in front of you impacts your ability to meet all your other goals.

That's on you. Your goal should always be to borrow as little as possible to meet your goal. The less you borrow, the more money you have for other goals. You need a car? Okay, but do you need a new car tricked out with every premium package? Might your financial life benefit from considering a less expensive model? Buying a used car that has been on the road for three or so years means you're letting someone else pay for the 40% to 50% depreciation that is common in the early years after buying a new car.

Same goes with the house. A recent study found that the median price of a four-bedroom home was $100,000 more than a three-bedroom. Or consider a slightly longer commute, which can also be a big money saver.

Borrowing as little as possible is how you free up hundreds of dollars in your budget to put toward other goals.

Once you determine your maximum borrowing budget, doing some advance prep work to get your credit score as high as possible can help you qualify for the best deal.

Personal Finance 101

• Credit cards
• View all credit cards
• Banking guide
• Loans guide
• Insurance guide
• Personal finance
• View all personal finance
• Small business
• Small business guide
• View all taxes

You’re our first priority. Every time.

We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free.

So how do we make money? Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Here is a list of our partners .

7 Ways to Save Money on a Tight Budget

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .

If you’re so strapped that you have to choose between paying your electricity or water bills, we’ll spare you the “stop buying coffee” advice. Simple money-saving hacks won’t cut it if you’re scraping by from one paycheck to the next — or have no paycheck at all.

Before figuring out ways to save money on a tight budget , first remember that “you are worthy of living a life of financial security,” says Saundra Davis, founder of Sage Financial Solutions, a nonprofit specializing in financial coaching, planning and education for low-wealth and underrepresented communities.

Often, she says, people experiencing poverty see it as a character flaw and feel burdened with shame. But poverty is actually a set of circumstances, she says, which could include “deliberate oppression and systemic issues.”

There's no shame in having money shame

This article will cover the choices you can make to feel empowered and save money. But first, “be gentle with the reality you're facing,” Davis says. “Shaming and blaming does not help — it actually harms.”

As for what truly helps, there are three things to do. “You can make more, spend less or a combination of the two,” Davis says. “There’s no magic.”

Of course, making more money is easier said than done. But it’s likely worth some time and effort to search for a higher-paying job or side gig. (Check out these 25 ways to make money .)

Also consider adjusting your W-4 tax form , which could help you keep more cash in your paycheck now, rather than in your refund later.

Ideas for spending less

To tackle the second part of the equation — spend less — we’ve rounded up several ways to save money . Below are a few standout opportunities for when you’re already scrimping.

Audit your expenses. Set aside time when you’re feeling good to print off and review your bank and credit card statements. Or use a budget app . Carefully review each expense so you understand how much you’re spending on what. After all, what you think you spent and what you actually spent can often be different amounts.

Your ultimate goal is not to eliminate every unnecessary expense and live a spartan, joyless life. Rather, aim for your spending to align with what you value. As certified financial planner Pamela Capalad puts it, try to distinguish between the “details” and the “nothing.”

“The details are those things that replenish your willpower and make you feel like yourself,” says Capalad, who’s also the founder of the financial planning business Brunch & Budget. The “nothing” doesn’t do much for you at all.

So if that streaming subscription provides hours and hours of entertainment and helps you relax at the end of a stressful day, maybe that expense is worth keeping. If your statements reveal that you’ve regularly spent $50 per week on fast food that you barely remember eating, that may be a “nothing” expense worth trimming.

Call lenders and service providers . For any bill you pay — to lenders, service providers, insurance companies — call customer service to see if your payments can be lowered or deferred until you’re in a better position to pay. “It costs zero dollars to pick up the phone and call, and the worst thing they can do is say ‘no,’” says Dasha Kennedy, founder of The Broke Black Girl financial advocacy group.

You’ll likely be most successful with this request if you call, rather than send an email or message. Prepare by knowing the outcome you want from the call and gathering all relevant information, like your account numbers and payment history with the company.

Get support. Another important phone call: 211. Dial these three numbers, and you’ll be connected to local experts who can explain and potentially refer you to social service programs that may save you money. (Or start by visiting 211.org .)

This confidential, 24/7 line could be a helpful resource for assistance with expenses related to housing , health care, emergencies, crises (like COVID-19) and food.

“Every dollar I save from something I get from the food pantry is a dollar I don’t have to spend,” Davis says. “And if I don’t have to spend it, I can save it.”

Davis also recommends researching community-based organizations, as well as financial coaches and counselors who offer their services for free or on a sliding scale.

Now for the actual saving

Start small. “Saving is an action, not an amount,” Capalad says. It’s OK if you save only $10 per month. “It’s going to suck at the beginning,” she says, because your total savings won’t look like much. But, if you’ve never been a big saver, first focus on making the decision to set aside money.

“The whole point is to just get used to the action of saving,” she says. Ideally, regularly making the decision to save will help you develop a habit.

Automate. If you don’t already have a savings account, now is the time to open one. Capalad recommends opening it at a different institution than where your checking account is. Otherwise, it could be a little too quick and easy to transfer money from your savings.

After setting up an account — preferably a high-yield savings account — regularly contribute to it. “Think of it as a bill you issue yourself,” she says. “What’s another $10 or $25 per month?”

Kennedy suggests setting up automatic transfers from your checking to the new savings account so you're not tempted to spend the money. Try “getting it away from you as soon as possible,” she says.

» MORE: How to open a savings account: step by step

Respect your future self. It won’t always be easy to save money when it feels like you have none. To stay motivated, try remembering that you’re not cutting expenses and stashing cash as some sort of punishment or due diligence. Rather, you’re looking ahead and creating financial stability for yourself a couple of years or decades from now.

Davis suggests reframing your approach as such: “I really want to make sure that I’m spending and saving my money in a way that takes care of my future self.”

Other helpful resources

6 Do’s and Don’ts When Saving Money During a Crisis

Managing Your Money in Tough Times

How to Pay Rent When You Can’t Afford It

on Capitalize's website

How to Save Money Effectively

Mar 20, 2017

450 likes | 1.6k Views

We are going to look at the three most significant but forgotten rules of saving money effectively. These rules are actually common sense if we know them. However, most of us seem to have forgotten them and hence don’t practice them during our lifetime.<br>You can be rest assured that once you know and follow these rules for saving money, you will end up saving a good corpus. Let’s get started with the rules:<br>

Share Presentation

• saving money
• ordinary things
• start saving money
• save money starting today

Presentation Transcript

Introduction • We are going to look at the three most significant but forgotten rules of saving money effectively. These rules are actually common sense if we know them. However, most of us seem to have forgotten them and hence don’t practice them during our lifetime. • You can be rest assured that once you know and follow these rules for saving money, you will end up saving a good corpus. Let’s get started with the rules:

Rule 1: Do you know your purpose of saving money? • Why you should save money? It’s a valid question, isn’t it? Most professional financial planners will tell you that the main objectives of savings are to prepare for your future and for other contingencies. It’s good to be prepared for future and cover for emergencies. That said, you must remember that saving money is ‘not all about money’. In fact, saving money is about forgoing the ordinary for the extraordinary. It’s simple, you’ll have to clearly differentiate between your needs and wants. If you start forgoing or limiting some of the ordinary wants such as glittering night-outs, movies, and other such wants early in your life, you can be rest assured that these savings will help you prepare for your dream vacation or your favourite car in the future. Isn’t that extraordinary? • You must decide what’s more important for you, a fancy mobile, sports shoes, awesome clothes, or buying your engagement ring or a dream honeymoon with your own savings. You must follow the golden rule ‘to win many, you must lose some’. Here, you don’t even have to lose, but just have to subtly tweak your lifestyle for ensuring more savings and a better future. • That’s why savings is not about money. It’s about forgoing the ordinary things, which don’t have any major contribution in your life, for those extraordinary moments, which will not come again such as a dream honeymoon or an engagement ring or down payment for your dream home. Just imagine the self-confidence you’ll experience through saving this way and achieving your extraordinary dreams. Thus, never feel bad or pity yourself when you’re saving money. Remember, that you are forgoing the good things today for the greater things or the better things tomorrow. Now, that’s what you call saving money.

Therefore, even before you start saving money you must start thinking about your purpose of saving money. You must define what your extraordinary experiences in the future are for which you would love to save money starting today. Remember these extraordinary things will give you the following:  • - Financial stability • - Security for future • - Foreign vacations • - Higher education in top universities for your children • - Most importantly, the peace of mind and the feeling of accomplishment • Always keep thinking about your extraordinary goals, it will keep you highly motivated while saying no to ordinary things, which will help you have an extraordinary life.

Rule 2: Segmentation of your money • One of the key things you must ensure is the bank account where you’re saving your money must be different from the one where you spend the money. This way, you keep the savings process simple. The account where you save your money would be just dedicated to your savings. Thus, having a separate account for expenses ensures that you don’t confuse your savings with your expenses. This is basic, but is not followed by many. Do it, you will benefit.

Rule 3: Please note that every Rupee you earn counts • If you want to save Rs. 5 crore at retirement, you need to remember that every Re.1/- adds to your retirement corpus. Therefore, remember that if you can save Re.1/-, you can save any amount. Moreover, mutual fund SIPs allow you to start investing from Rs.500 per month. The key point that you need to remember is that when you saving Re.1/-, Rs.100, Rs.1000, Rs. 1 lakh, or Rs. 1 crore, the process is the same. Thus, every Rupee matters. • To know more about effective savings tips, investments, and financial planning, write us [email protected] or visit:  www.investmentz.com.

THANK YOU! http://www.investmentz.com

• More by User

How to save money on testing

How to save money on software testing , Hire Software Tester , Hire Freelance QA , Hire Freelance Software tester

186 views • 8 slides

How to Save Money

606 views • 44 slides

How to Save Money in College

How to Save Money in College. SCS Career Planning Webinar Series 4/24/2013. Peter Masaitis, Esq. Partner Alston &amp; Bird, LLP. Kyra Young Program Coordinator South Central Scholars . How to Participate in the Webinar.

319 views • 14 slides

How to save money monthly

How to save money monthly . Implementing the CASH FLOW GAME AND the debt Snowball Calculator In real Life to Achieve Financial Freedom Step 1 . Home and business lines. Magic Jack (Unlimited calls) . No Monthly Bills Free Caller ID Free Voicemail

270 views • 17 slides

How to save money (Cleaves Way!)

How to save money (Cleaves Way!). Old Fashioned but it works! Put it under your mattress, or in a place you’ll forget about. Open up a separate bank account with a different institution. Accountability partner. Saving Money (Cleaves Way!). Where do you shop? Outlet Malls

118 views • 2 slides

How to Save Money When Shopping?

Here is How to Save Money When Shopping. Apply now at (909) 280-7141 for more information and get a auto title loan in 1 hour.

174 views • 2 slides

How to Save Money on Viarga

Ms. Park hasn't married, and her private life is the subject of scrutiny For some time. After the ferry Sewol sank in 2014, killing more than 300 folks, rumors spread that she were within a tryst by using a boyfriend for 7 several hours, generating her govt slow to respond correctly into the disaster. Her Place of work vehemently denied the rumor, in addition to a Japanese journalist who documented it was indicted on defamation expenses. (He was afterwards acquitted.)

23 views • 1 slides

How To Save Money On

Medical spas provide facials for men who enjoy all types of lifestyles and have various needs. Our Med Spa offers a selection of services to fulfill your needs to help attain a appearance that is revitalized. Medical Spas are an kind of care an reality from other sorts of health providers. An assortment of terms knows them. They offer non-surgical anti-aging treatments which were once done only in a physician's office. The expression medical spa clarifies a choice of procedures which work to not rejuvenate the epidermis but the body and mind. Bundle discounts and exclusive supplies are readily available. What's more, medical spa prices may be less costly than finding the very same services in a physician's office. The price of treatment is going to be reviewed during your very first consultation. The benefits were told concerning by now much and you could be wondering what the treatment sorts of gains what. The advantages consist of results and one treatment can provide filling of outlines. It's simple to benefit from the affordable and convenient services. Three to six treatments are advised for outcomes. A spa may be the spot for you to get the task done if you're interested in learning body treatments. While surgery can offer results sometimes similar results can be offered by procedures without the additional prep and recovery. If you're considering Denver cosmetic surgery as well as our health care spa solutions, have a minute to see our facial surgery specialty website. We welcome you to see us to talk about your cosmetic objectives when you have have found the treatment which you will have to get a more specific advice or would love to receive. When it's to do with hair regrowth treatments, it is very important to follow evidence-based techniques of hair development that is promoting.

84 views • 6 slides

How To Save Money Shopping Online

ReadyDealsNow is a leading deals site for Canadian customers, with coupons and discounts. Shop now for the biggest savings on essential equipment, clothes and more in Canada.

30 views • 2 slides

How to Save Money Efficiently

Do you see yourself going broke by the end of the month? Do you find yourself borrowing money from friends and family?Then it is high time that you start a healthy savings habit.

93 views • 7 slides

How to save money while moving

There is no question that moving comes to you with lots of challenges and also you have to take care of your budget. https://www.movingsolutions.in https://tanujgarg.gonevis.com/how-to-save-money-while-moving/

46 views • 3 slides

How to Save Money on Gravidkjole

For many individuals, images of a pregnant woman make them need to know more about her as well as the child. When a lady is expecting, she is often a new mother as well as seems much less egocentric and also more worried regarding the baby. It can be very easy to obtain lost in all the information of maternity and also not identify the value of these photos. A picture of the pregnant lady can be made use of as a tip for herself regarding having a child. She can take a picture of herself and make certain that she has offered birth to a healthy baby. The cam can record the heart price of the mom, the size of the baby, and even the smell of the infant in the womb. Photos of the baby can be the very first time people ever see the infant in a particular family members as well as can help show if the baby's features look comparable to that of others in the family. Pregnancy pictures are more informative as well as comforting to the pregnant woman, since they give the precise details of her maternity. She can recall at the pictures of her maternity to see just how much along she is and where she is in her maternity. Pictures can be used to maintain a baby-to-be from really feeling distressed about what is taking place to her and also to assist obtain her ready for the experience. By taking a picture of herself, the expecting woman can see the adjustments she has gone via and if any kind of modifications show up. Photos are terrific devices to make use of prior to giving birth to the infant, along with after giving birth to allow the mother understand the infant lives. Pictures can be of the new baby itself. The parents can take pictures of themselves with their child in their arms. Photos can additionally be taken of the baby to be, taking images of the child when it is born or the minute the infant is provided. In these pictures, there will be no faces to speak of, just the eyes of the infant and also the hands of the mom. Prior to maternity, the majority of ladies take a photo of their maternal garments or of the clothes they will be wearing while expectant. In some cases the mom will take photos of herself when she is pregnant as well as have the child, and after that there will certainly be two images taken, one after the baby is born and one more showing the kid as it matures. If the pregnant woman's clothing have actually been messed up by being washed, she can take photos of them in a swimsuit in order to use them once again. Images of the baby as well as the mom, also, can be taken while she is expecting, and also of the mother and also the infant, also. Pictures of an expecting lady can also be used as keepsakes. Some females take pictures of themselves and afterwards send them to buddies and also loved ones. Others save them in unique cds to place on screen. In addition to the primary photograph, there are various other images of the maternity that the pregnant female took throughout her pregnancy. These can include photos of herself with the infant, while she was pregnant, throughout distribution, and when the baby is born. Photos of the baby can be taken a couple of days after the infant is birthed. When the household members take photos of the infant and the mommy with each other, it makes it simpler for them to bear in mind the occasion. Also, it helps to inform them what the mother appears like and also just how she resembles with the infant. Of training course, there are some disadvantages to taking images of an expectant lady. She needs to maintain the phone close by, nonetheless, to make sure that the friends and family can constantly be reminded that the expectant lady is expecting.

21 views • 2 slides

How to Save Money on UFABET

Gambling's art has been in existence for thousands of years. Now with the technology there was betting all around the web and that is how it has ever been, but with the evolution of the online community and also the convenience of having the ability to perform at the comfort of your own house and in a digital casino setting then it isn't surprising that betting is currently available at home. Some might say that this form of gambling in your home's popularity is expanding, but the trend remains evident. Gamblers at property are players who need to gamble, but they have perhaps not fully expert casino on-line gambling. Therefore, many of the on-line casino operators are attempting to introduce new gamers to the world of gambling at house, simply due to the fact lots of men and women are becoming curious about the adventure. If you are some of the individuals and are considering beginning a house gaming livelihood subsequently there are things which you need to know about the gambling adventure once you get on the internet.

16 views • 1 slides

How to Save Money on example

How to Solve Issues With example

12 views • 1 slides

How To Save Money | 11 Simple Ways To Save Money

Saving is more important for the future needs more than your current wants. You can start saving money for upcoming emergencies when you develop good habits of saving money. There are many benefits of Budgeting it helps you a lot to prioritize your needs and control unnecessary spending. It also helps you to save for financial emergencies.

110 views • 9 slides

How To Help Employees Save Money

As an employer, you must be very often overhearing conversations of your employees about their nearing empty bank accounts at the end of a month and their problems related to handling their finances. A lot of them must be struggling to keep up with their expenses and eventually must be thinking that they could have taken a different approach. Well, one of the hardest steps is also one of the easiest steps when it comes to saving money.

82 views • 8 slides

How to Save Money on gmwin

TOGEL PLAYING GUIDE FOR THE COMPLETE BEGINNERS

121 views • 12 slides

How to Save Money on 먹튀수사대

uba39ud280 ubd80ubb38 uace0uc561ubca0ud130 uace0uac1dub9ccuc871ub3c4 1uc704u2705 uc548uc804ud558uace0 ud655uc2e4ud55c ud1a0ud1a0uc0acuc774ud2b8 ub9ccuc744 uc18cuac1cud574ub4dcub9bdub2c8ub2e4. uba39ud280uc5c5uccb4u2705 ub97c ud329ud2b8uae30ubc18uc73cub85c uba39ud280uac80uc99d uc744 ud574ub4dcub9bdub2c8ub2e4. Websites that specialise in gambling usually offer the latest Toto results so that residents can see whether they won as soon as the numbers are picked. They don't even have to have a television to see the latest results. Most of these websites are mobile friendly, making it easy for everyone to play the latest Toto.

23 views • 2 slides

The example Case Study You'll Never Forget

10 views • 1 slides

How to Save Money on Helmsman

What is a helmsman?

98 views • 8 slides

How to Save Money on 메리트카지노

uc6b0ub9acuce74uc9c0ub178 ud504ub9acuce74uc9c0ub178 uba54ub9acud2b8uce74uc9c0ub178 uc5d0ubcfcub8e8uc158uce74uc9c0ub178

0 views • 4 slides

How to Save Money on 프리카지노

uba54ub9acud2b8uce74uc9c0ub178 uc6b0ub9acuce74uc9c0ub178 ud504ub9acuce74uc9c0ub178 uc5d0ubcfcub8e8uc158uce74uc9c0ub178 ub85cuc988uce74uc9c0ub178

3 views • 1 slides

How To Save Money Presentation

Introduction.

This presentation will provide tips and strategies on how to save money . It will cover various aspects of personal finance, including budgeting, reducing expenses, and increasing income. By the end of this presentation, you will have a better understanding of how to manage your finances and save money for your future goals.

10 Simple Ways to Cut Your Monthly Expenses

Are you tired of living paycheck to paycheck? Do you want to save more money each month but don’t know where to start? Look no further! Here are 10 simple ways to cut your monthly expenses and start saving money today.

1. Create a budget: The first step to saving money is knowing where your money is going. Create a budget that outlines your monthly income and expenses. This will help you identify areas where you can cut back.

2. Cut back on eating out: Eating out can be expensive. Try cooking at home more often and packing your lunch for work. Not only will you save money , but you’ll also eat healthier.

3. Cancel subscriptions: Do you have subscriptions to magazines, streaming services, or other monthly services that you don’t use? Cancel them and save yourself some money.

4. Use coupons: Coupons can save you a lot of money on groceries and other household items. Look for coupons online or in your local newspaper.

5. Shop around for insurance: Insurance can be a big expense. Shop around for the best rates on car, home, and health insurance.

6. Use public transportation: If you live in a city with good public transportation, consider using it instead of driving. This can save you money on gas, parking, and car maintenance.

7. Cut back on energy usage: Lower your energy bills by turning off lights and electronics when you’re not using them, using energy-efficient light bulbs, and adjusting your thermostat.

8. Buy generic: Generic brands can be just as good as name brands, but they’re often much cheaper. Try buying generic versions of your favorite products and see how much you can save.

9. DIY: Do-it-yourself projects can save you money on home repairs and other projects. Look for tutorials online or in books and give it a try.

10. Negotiate bills: Don’t be afraid to negotiate your bills. Call your cable, internet, and phone providers and ask if they can offer you a better rate. You might be surprised at how much you can save.

By following these 10 simple tips, you can cut your monthly expenses and start saving money. Remember, every little bit counts. Even small changes can add up to big savings over time. So, start today and see how much you can save!

The Ultimate Guide to Couponing for Beginners

Are you tired of overspending on groceries and household items? Do you want to learn how to save money without sacrificing quality? Couponing may be the solution for you! In this ultimate guide to couponing for beginners, we will cover everything you need to know to start saving money today.

First, let’s define what a coupon is. A coupon is a voucher or ticket that can be redeemed for a discount or rebate when purchasing a product. Coupons can be found in newspapers, magazines, online, and even on product packaging. They can offer a percentage off the total purchase price, a specific dollar amount off, or even a free item with purchase.

Now that we know what a coupon is, let’s talk about how to find them. The easiest way to find coupons is by checking your local newspaper or magazine. Many retailers also offer coupons on their websites or through email newsletters. You can also find coupons on social media platforms like Facebook and Twitter. Another great way to find coupons is by using coupon apps like Ibotta, Honey , and RetailMeNot.

Once you have your coupons, it’s important to organize them. You can use a coupon binder or a simple envelope system to keep your coupons in order. Make sure to label your coupons by expiration date and category to make them easy to find when you need them.

Now that you have your coupons organized, it’s time to start shopping! One of the most important things to remember when couponing is to only buy what you need. Don’t be tempted to buy something just because you have a coupon for it. Stick to your shopping list and only use coupons for items you would normally purchase.

Another tip for saving money with coupons is to stack them. Stacking coupons means using multiple coupons on one item to maximize your savings. For example, if you have a manufacturer’s coupon for $1 off and a store coupon for 50 cents off, you can use both coupons on the same item to save $1.50.

It’s also important to pay attention to sales and promotions. Many retailers offer sales and promotions that can be combined with coupons for even greater savings. For example, if a store is offering a buy one, get one free promotion and you have a coupon for the same item, you can get both items for a fraction of the cost.

Finally, don’t forget to check the clearance section. Many retailers offer deep discounts on clearance items, and you can often use coupons on top of the clearance price for even greater savings.

In conclusion, couponing is a great way to save money on groceries and household items. By finding and organizing coupons, sticking to your shopping list, stacking coupons, and taking advantage of sales and promotions, you can maximize your savings and get the most for your money. Happy couponing!

How to Create a Budget and Stick to It

Creating a budget and sticking to it can be a daunting task, but it is essential if you want to save money. A budget helps you keep track of your expenses and income, and it allows you to make informed decisions about your spending. In this article, we will discuss how to create a budget and stick to it.

The first step in creating a budget is to determine your income. This includes your salary, any bonuses, and any other sources of income. Once you have determined your income, you need to list all of your expenses. This includes your rent or mortgage, utilities, groceries, transportation, and any other bills you have.

Once you have listed all of your expenses, you need to categorize them. This will help you see where your money is going and where you can cut back. For example, you may find that you are spending too much money on eating out or entertainment. By categorizing your expenses, you can see where you need to make changes.

After you have categorized your expenses, you need to create a budget. This is where you determine how much money you will allocate to each category. You should prioritize your expenses, so you know which ones are essential and which ones you can cut back on. For example, your rent or mortgage payment is an essential expense, while eating out is not.

Once you have created your budget, you need to stick to it. This can be challenging, but there are several things you can do to make it easier. First, you should track your spending. This will help you see where your money is going and where you need to make changes. You can use a spreadsheet or a budgeting app to track your spending.

Another way to stick to your budget is to set goals. For example, you may want to save money for a vacation or a down payment on a house . By setting goals, you have something to work towards, and it can help you stay motivated.

You should also look for ways to cut back on your expenses. This can include things like eating out less, canceling subscriptions you don’t use, or finding cheaper alternatives for things you need. For example, you may be able to save money on your grocery bill by buying generic brands or shopping at a discount store.

Finally, you should be flexible with your budget. Life happens, and unexpected expenses can arise. If this happens, you may need to adjust your budget to accommodate the expense. The key is to be mindful of your spending and make adjustments as needed.

In conclusion, creating a budget and sticking to it is essential if you want to save money. It can be challenging, but by following these tips, you can make it easier. Remember to track your spending, set goals, look for ways to cut back, and be flexible with your budget. With a little effort, you can take control of your finances and achieve your financial goals.

The Benefits of Meal Planning and Batch Cooking

Are you tired of spending too much money on food every month? Do you find yourself constantly throwing away leftovers or buying takeout because you don’t have time to cook? If so, meal planning and batch cooking may be the solution you’ve been looking for.

Meal planning involves taking the time to plan out your meals for the week or month ahead of time. This can be done by creating a grocery list and sticking to it, or by prepping meals in advance so that they are ready to go when you need them. Batch cooking, on the other hand, involves cooking large quantities of food at once and then freezing or storing it for later use.

One of the biggest benefits of meal planning and batch cooking is that it can save you a significant amount of money. By planning out your meals in advance, you can avoid impulse purchases at the grocery store and make sure that you are only buying what you need. This can help you stick to your budget and avoid overspending on food.

Batch cooking can also be a great way to save money. By cooking large quantities of food at once, you can take advantage of bulk discounts and save money on ingredients. You can also save money by buying in-season produce and using it in your meals.

Another benefit of meal planning and batch cooking is that it can save you time. By prepping meals in advance, you can avoid the stress of having to cook every night after a long day at work. This can also help you avoid the temptation to order takeout or eat out, which can be both expensive and unhealthy.

Meal planning and batch cooking can also help you eat healthier. By planning out your meals in advance, you can make sure that you are getting a balanced diet with plenty of fruits, vegetables, and whole grains. You can also control the amount of salt, sugar, and fat in your meals, which can help you maintain a healthy weight and reduce your risk of chronic diseases.

If you’re new to meal planning and batch cooking, it can seem overwhelming at first. But with a little bit of practice, it can become a habit that saves you time and money while also improving your health. Here are some tips to get started:

1. Start small. Don’t try to plan out an entire month’s worth of meals at once. Start with a week or even just a few days and see how it goes.

2. Use what you have. Before you go grocery shopping, take inventory of what you already have in your pantry and fridge. This can help you avoid buying duplicate items and save you money.

3. Keep it simple. You don’t have to make elaborate meals every night. Stick to simple recipes that use a few ingredients and can be made in bulk.

4. Get creative with leftovers. Don’t let leftovers go to waste. Use them to make new meals or freeze them for later use.

5. Invest in storage containers. Having a variety of storage containers can make it easier to store and transport your meals. Look for containers that are microwave and dishwasher safe for added convenience.

In conclusion, meal planning and batch cooking can be a great way to save money, time, and improve your health. By taking the time to plan out your meals in advance and cook in bulk, you can avoid overspending on food and reduce the stress of having to cook every night. So why not give it a try and see how it can benefit you?

DIY Home Repairs to Save Money on Maintenance

Are you tired of constantly shelling out money for home repairs and maintenance? It can be frustrating to have unexpected expenses pop up, especially when you’re trying to save money. But what if I told you that there are some simple DIY home repairs you can do to save money on maintenance costs? Here are some tips to help you get started.

First, let’s talk about plumbing. Leaky faucets and toilets can waste a lot of water and money over time. Luckily, fixing these issues is often a simple task that you can do yourself. For a leaky faucet, start by turning off the water supply to the affected faucet. Then, remove the handle and the nut that holds the stem in place. Replace the washer and reassemble the faucet. For a leaky toilet, start by checking the flapper valve. If it’s worn or damaged, replace it with a new one. You can also try adjusting the chain that connects the flapper valve to the handle to ensure a proper seal.

Next, let’s talk about electrical repairs. While some electrical repairs should be left to the professionals, there are some simple tasks you can do yourself to save money. For example, replacing a light switch or outlet is a relatively easy task that can be done with a few basic tools. Just make sure to turn off the power to the affected area before starting any electrical work. You can also replace light fixtures or ceiling fans to update the look of a room without hiring an electrician.

Moving on to HVAC maintenance, changing your air filter regularly can help improve the efficiency of your heating and cooling system. This can save you money on your energy bills and also extend the life of your HVAC system. You can also clean the coils on your outdoor unit to improve its performance. Just make sure to turn off the power to the unit before starting any maintenance tasks.

Finally, let’s talk about general home repairs. Caulking around windows and doors can help prevent drafts and improve energy efficiency. This is a simple task that can be done with a caulking gun and a tube of caulk. You can also paint your home’s exterior to give it a fresh look and protect it from the elements. This is a DIY project that can save you money on hiring a professional painter.

In conclusion, there are many simple DIY home repairs you can do to save money on maintenance costs. From fixing leaky faucets to painting your home’s exterior, these tasks can be done with a few basic tools and some patience. Just make sure to do your research and follow safety guidelines before starting any home repair project. With a little effort, you can save money and improve the overall condition of your home.

The Importance of Comparison Shopping and Negotiation

Saving money is a goal that many people strive for, but it can be difficult to achieve without the right strategies in place. One of the most effective ways to save money is through comparison shopping and negotiation. By taking the time to research prices and negotiate with sellers, you can often get better deals and save significant amounts of money.

Comparison shopping is the process of researching and comparing prices for a particular product or service. This can be done online or in person, and it involves looking at different retailers or providers to see who offers the best price. By doing this, you can often find significant savings on items that you need or want.

One of the keys to successful comparison shopping is to be patient and thorough. Don’t just look at the first few options that come up in your search results. Take the time to dig deeper and explore different retailers or providers to see who offers the best deal. You may also want to consider factors like shipping costs, return policies, and customer reviews when making your decision.

Another important aspect of saving money through comparison shopping is to be willing to wait for the right deal. If you’re in a rush to make a purchase, you may not have the luxury of waiting for a sale or promotion. However, if you can afford to be patient, you may be able to save a significant amount of money by waiting for the right time to buy.

Negotiation is another powerful tool for saving money. Whether you’re buying a car, negotiating a salary, or haggling over the price of a used item, being able to negotiate effectively can help you get a better deal. The key to successful negotiation is to be confident, prepared, and willing to walk away if necessary.

When negotiating, it’s important to do your research and know what you’re talking about. If you’re buying a car, for example, you should know the fair market value of the vehicle and be prepared to negotiate based on that price. You should also be willing to ask for concessions or extras, such as free maintenance or a lower interest rate.

Another important aspect of negotiation is to be willing to walk away if you can’t get the deal you want. This can be difficult, especially if you really want the item or service in question. However, if you’re not willing to walk away, you may end up paying more than you should or getting a deal that’s not in your best interest.

In conclusion, comparison shopping and negotiation are two powerful tools for saving money. By taking the time to research prices and negotiate effectively, you can often get better deals and save significant amounts of money. Remember to be patient, thorough, and confident when using these strategies, and don’t be afraid to walk away if you can’t get the deal you want. With a little practice and persistence, you can become a savvy shopper and save money on the things you need and want.

Investing for Beginners: How to Grow Your Savings

Saving money is an essential part of financial planning. Whether you are saving for a rainy day or a long-term goal, it is important to have a plan in place to help you achieve your financial objectives. One way to do this is by creating a budget and sticking to it. However, there are other ways to save money, such as investing. In this article, we will discuss how to save money through investing.

Investing is a great way to grow your savings over time. It involves putting your money into various financial instruments, such as stocks, bonds, mutual funds, and real estate, with the expectation of earning a return on your investment . The key to successful investing is to have a clear understanding of your financial goals and risk tolerance.

Before you start investing, it is important to have a solid financial foundation. This means having an emergency fund in place to cover unexpected expenses, such as car repairs or medical bills. It is also important to pay off any high-interest debt, such as credit card balances, before investing.

Once you have a solid financial foundation, you can start investing. The first step is to determine your investment goals. Are you investing for short-term or long-term goals? What is your risk tolerance? These are important questions to ask yourself before investing.

Next, you need to decide on the type of investments you want to make. There are many different types of investments, each with its own level of risk and potential return. Stocks, for example, are generally considered to be riskier than bonds, but they also have the potential for higher returns.

Another important factor to consider when investing is diversification. This means spreading your investments across different asset classes, such as stocks, bonds, and real estate, to reduce your overall risk. Diversification can help protect your portfolio from market volatility and ensure that you are not overly exposed to any one type of investment.

When it comes to investing, it is important to have a long-term perspective. Investing is not a get-rich-quick scheme, and it takes time to see significant returns. It is important to be patient and stick to your investment plan, even during periods of market volatility.

One way to make investing easier is to use a robo-advisor. Robo-advisors are online investment platforms that use algorithms to create and manage investment portfolios for their clients. They are a great option for beginners who are just starting out with investing.

Another way to save money through investing is to take advantage of tax-advantaged accounts, such as 401(k)s and IRAs. These accounts allow you to invest pre-tax dollars, which can help reduce your taxable income and save you money on taxes.

In conclusion, investing is a great way to grow your savings over time. It is important to have a solid financial foundation before investing and to have a clear understanding of your investment goals and risk tolerance. Diversification and a long-term perspective are also important factors to consider when investing. By following these tips, you can save money and achieve your financial goals through investing.

Conclusion: In conclusion, the How To Save Money presentation provides valuable insights and practical tips on how to manage personal finances effectively. By following the strategies outlined in the presentation, individuals can reduce their expenses, increase their savings, and achieve their financial goals. It is important to implement these strategies consistently and make them a part of one’s daily routine to see significant results. Overall, the presentation serves as a useful guide for anyone looking to improve their financial situation and build a secure future.

Similar Posts

How To Save Money Wedding

Introduction Introduction: Weddings are one of the most special and memorable events in a person’s life. However, they can also be quite expensive. From the venue to the dress, catering, and decorations, the costs can quickly add up. If you’re planning a wedding and want to save money without sacrificing the quality of your special…

How To Save Money Challenge

Introduction The How To Save Money Challenge is a popular way to encourage individuals to be more mindful of their spending habits and to save money. It involves setting a specific goal for saving money over a certain period of time and implementing strategies to achieve that goal. The challenge can be done individually or…

How To Save Money At Home As A Kid

As children, we’re often encouraged to save our pennies and watch our piggy banks grow, but the concept of financial responsibility can be daunting for many youngsters. With this in mind, we’ve developed a comprehensive guide on “How To Save Money At Home As A Kid” to provide an engaging and easy-to-understand roadmap for kids…

How To Save Up For An Iphone As A Kid

“Smart saving tips for young iPhone enthusiasts.” Introduction As an AI language model, I can provide an introduction on how to save up for an iPhone as a kid. Saving up for an iPhone can be a challenging task, especially for kids who do not have a steady income. However, with some smart planning and…

How To Save Money For Travel As A Student

“Travel the world on a student budget with these money-saving tips.” Introduction As a student, saving money for travel can seem like a daunting task. However, with some planning and discipline, it is possible to make your travel dreams a reality. In this article, we will discuss some tips and tricks for saving money as…

Ways To Save Money To Travel (Guide)

Introduction Traveling is an exciting experience that everyone should have at least once in their lifetime. However, it can be expensive, and many people struggle to save enough money to make their dream trip a reality. Fortunately, there are several ways to save money to travel, and with a little effort and discipline, anyone can…

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

For Teachers

Home » Teachers

Teaching by Topic: Saving

Here are a bunch of tips, learning objectives, worksheets, and pre-built lesson plans to help you build your curriculum to teach students how to save money!

Saving money can be the difference between having financial success and not. The earlier students learn about saving, the better. Teachers and homeschoolers can help students reach their potential through direct instruction, engaging activities, and reliable assessments. 

You can find the materials you need to teach saving, regardless of your students’ levels. Here are saving-related lessons, worksheets, activities and games, and tips for each grade. We also include saving learning objectives for each grade, which are pulled straight from the National Standards for Personal Finance Education.

National Standards for Personal Finance Education

Download our free teachers' cheat sheet.

Our free cheat sheet covers every learning objective in the National Standards for Personal Finance Education and the corresponding Kids' Money Lesson Plans - we cover each and every standard!

Learning Objectives

Pre-K students understand how saving can benefit them, and they learn about the value of money. They should be able to:

• Describe ways that people can decrease expenses to save more of their money.
• Map out a savings plan.

Pre-K Saving Lesson Plans

• KMLP Pre-K – Ways to Use Money : Students get to decorate their very own Save, Spend, Give jars to get an idea of where to put money, with goal-setting charts for their savings objectives. They complete class tasks, receive play money as income and choose what to spend it on at the classroom store.

Pre-K Saving Worksheets

• Money Name Matching
• Color the Money
• Money Value Match
• Make Your Own Play Money

Pre-K Saving Games and Activities

• Peter Pig’s Money Counter
• Wise Pockets
• Fruit Shoot Coins
• U.S. Mint games

Tips for Teaching Saving to Pre-K Students

• Every exposure to saving counts, from coloring to cartoons.
• Give your pre-K students ownership and choice in their learning.
• Don’t be afraid to use technology, even at this age.

For more resources on other topics, check out our Pre-K Money Lesson Plans Center .

Kindergarten

Kindergarteners grasp coin values and identification, and teachers can move into how to save more than spend. They should be able to:

• Understand people differ in their values and attitudes about saving.
• Give an example to illustrate the importance of having some money set aside for emergencies.

Kindergarten Saving Lesson Plans

• KMLP Kindergarten – Choices : This lesson shows the importance of making the right choices in life, which is connected to making good decisions like saving money. Students read a story and a fable, both showing the consequences of choices.
• KMLP Kindergarten – Money Denominations : This lesson focuses on the different bills and coins, and shows students how much each is worth. It emphasizes why people save money and how important it is to avoid spending all of your money.

Kindergarten Saving Worksheets

• Counting Money
• Identify Coins and Their Value
• Draw a Line to Match
• Piggy Bank Worksheet

Kindergarten Saving Games and Activities

• Savings Match Game
• The Perfect Pet
• Savings Spree
• Renegade Bunnies

Tips for Teaching Saving to Kindergarten Students

• Reward kids for saving whenever possible, as their instinct is likely to spend instead.
• Give plenty of time for students to personalize their work, like mason jars, piggy banks, or coloring and counting pages.
• Emphasize money values and give examples of what they can buy with those coins and bills.

For more resources on other topics, check out our Kindergarten Money Lesson Plans Center .

In this grade, students see the cause and effect of spending more than they save. They should be able to:

• Explain how a person’s friends and family can influence their values and attitudes about saving.

1st Grade Saving Lesson Plans

• KMLP 1st Grade – Saving : In this lesson, students learn more about money denominations, read a story about the joy of saving money, and create personal artwork about a savings goal. They play a game to reinforce the importance of saving and see how others can impact your savings attitude.

1st Grade Saving Worksheets

• Sorting Mats
• Grab, Sort, and Count
• Classroom Posters
• Grab, Count, and Compare
• Pennies and Dimes
• Counting Coins Word Problems

1st Grade Saving Games and Activities

• Build It 3 Ways
• Coin Puzzle
• Show Me the Money
• Using Money

Tips for Teaching Saving to 1st Graders

• Let kids save play money for several days, and then let them choose a larger prize.
• Keep the focus on coin values and identification.
• Make a competition out of the activities, giving awards to top savers.

For more resources on other topics, check out our 1st Grade Money Lesson Plans Center .

2nd-graders know how to set aside money for savings, but need guidance on specific strategies to use. They should be able to:

• Explain why it is often harder to save than to spend money.

2nd Grade Saving Lesson Plans

• KMLP 2nd Grade – Income : In this lesson, kids read How the Second Grade Got $8,205.50 to visit the Statue of Liberty , which illustrates how to save efficiently. They continue to work on counting coins and see how decreasing expenses leads to more savings and building wealth.

2nd Grade Saving Worksheets

• Making Change
• Common Coins and $1 Bills
• Money in Words
• Pennies, Nickels, Dimes, and Quarters

2nd Grade Saving Games and Activities

• Chemical Reactions with Pennies
• Money Toss-Up
• Money Game for Kids
• Battleship Money Math
• Money Smarts Game

Tips for Teaching Saving to 2nd Graders

• Without a solid grasp on counting money and knowing values, your 2 nd graders will struggle, so activities should revolve around these ideas.
• Keep them engaged with lots of games.
• Have students dream of what they will save for.

For more resources on other topics, check out our 2nd Grade Money Lesson Plans Center .

3rd-graders are ready to move on to the logistics of saving: where to put their money and why. They should be able to:

• Identify safe places for people to keep their money.
• Understand that financial institutions often pay interest on deposit accounts.

3rd Grade Saving Lesson Plans

• KMLP 3rd Grade – Banking : Students read If You Made a Million, learning how to save money and where to put it so it can grow safely. They role-play a banking setting to understand the different services that banks offer, including savings accounts.
• KMLP 3rd Grade – Accounts : Through Rock, Brock, and the Savings Shock, your 3rd graders will see how essential saving is to their financial future. They also complete a reading comprehension activity about saving, strengthening their money skills.
• KMLP 3rd Grade – Interest : This lesson introduces the idea of interest, showing students they can grow their savings thanks to the added interest income. They read a story, complete an activity, and play an online game to continue building their abilities.

3rd Grade Saving Worksheets

• Shopping Word Problems
• Words to Numbers
• Coins and Bigger Bills
• My Savings Plan
• Spending and Saving Money

3rd Grade Saving Games and Activities

• Savings Goal
• Costs and Benefits of Saving
• Money Bingo

Tips for Teaching Saving to 3rd Graders

• Encourage students to experiment and fail: these are teachable moments.
• Show them how saving can lead to gratification and feelings of success.
• Continue pushing counting money and making change.

For more resources on other topics, check out our 3rd Grade Money Lesson Plans Center .

4th-graders analyze how every individual is different, including in their savings habits. They should be able to:

• Give an example of buying something now versus saving money for the future and explain how they would make that decision.
• Discuss how life circumstances and experiences can cause people to differ in their values and attitudes about saving and their ability to save.
• Explain why financial institutions, such as banks and credit unions, pay interest to depositors.

4th Grade Saving Lesson Plans

• KMLP 4th Grade – Saving : This lesson has students watch videos, read a story, and complete activities that all revolve around saving money. It goes into interest, why people’s attitudes and situations differ in savings, and why having a plan is critical.

4th Grade Saving Worksheets

• Money Review Game
• Custom Money Sheets
• Money Worksheets
• Missing Coins
• Money Word Problems
• Creating Good Savings Habits

4th Grade Saving Games and Activities

• Change Maker
• Dolphin Feed
• Maths Change

Tips for Teaching Saving to 4th Graders

• Your kids’ math skills take a giant leap in this grade. Encourage and push them in multiplication and division.
• Work with decimals, rounding change to dollars, and estimating prices.
• Use role-play often, as 4 th graders enjoy learning through acting things out.

For more resources on other topics, check out our 4th Grade Money Lesson Plans Center .

5th-grade students see how important decision-making is in saving. They should be able to:

• Identify the most common reasons that people save money for the future.
• Compare and contrast different types of financial institutions and their products and services.
• Discuss how savings decisions can affect financial wellbeing.

5th Grade Saving Lesson Plans

• KMLP 5th Grade – Investing : Students compare saving and investing, learning about the different ways they can put their income to work. They read an excerpt from a book, create a poster board presentation, and play a stock market simulation to compare returns and risk to savings accounts.
• KMLP 5th Grade – Budgets : This lesson shows students how to save with purpose, make a plan to save, and stick with it. They participate in independent, partner, and group work to plan for savings success.

5th Grade Saving Worksheets

• In the Party
• Personal Finance One-Pagers
• Decimal Money Math

5th Grade Saving Games and Activities

• Clickety Clack, Let’s Keep Track
• Puppy Chase
• Financial Football
• Stock Market Game

Tips for Teaching Saving to 5th Graders

• Have students work on developing systems for saving.
• Have kids create savings plans and monitor their progress.
• Encourage career exploration and income, pushing them to see how much they could save.

For more resources on other topics, check out our 5th Grade Money Lesson Plans Center .

At this level, students start to form concrete strategies to save consistently. They should be able to:

• Create a savings plan that will allow someone to make a large purchase.

6th Grade Saving Lesson Plans

• KMLP 6th Grade – Shortage : In this lesson, students see the importance of savings through a historical lens, looking at wants vs. needs and surviving in challenging times. They learn about shortages and why conserving resources and saving money regularly can protect them from downturns.

6th Grade Saving Worksheets

• Percent Sheet
• Better Deal

6th Grade Saving Games and Activities

• Saving With a Purpose
• 52-Week Money Challenge
• Accountability Binders
• Savings and Investing Blitz

Tips for Teaching Saving to 6th Graders

• Use play money and student stores to encourage saving.
• Have students research different savings accounts and institutions.
• Research-based activities often deliver the most return at this age.

For more resources on other topics, check out our 6th Grade Money Lesson Plans Center .

7th-graders get into the reasons behind saving, to see what kinds of goods and services they can target with their savings. They should be able to:

• Understand that people save money for many different purposes, including large purchases such as cars and homes, education costs, retirement, and emergencies.

7th Grade Saving Lesson Plans

• KMLP 7th Grade – Personal Finance : Students see why people save money with detailed plans, understanding that budgets are crucial for saving success. They watch informational videos, read articles, view a PowerPoint, and make a collage to show their savings plans.

7th Grade Saving Worksheets

• How Interesting!
• When Prices Rise
• Budgeting Worksheet
• Buying a Home
• Saving and Investing

7th Grade Saving Games and Activities

• Balance Your Account
• Check It Out
• Sense and Dollars
• Trade Ruler
• Budget Odyssey

Tips for Teaching Saving to 7th Graders

• Build confidence with group work and public speaking.
• Assign specific tasks to show kids they can reach savings goals with dedicated objectives.
• Have students develop detailed reflection processes to stay on track with their savings.

For more resources on other topics, check out our 7th Grade Money Lesson Plans Center .

In 8th grade, kids learn about many different accounts and weigh the pros and cons. They should be able to:

• Understand that checking and saving deposit accounts in many financial institutions are insured up to certain limits by the federal government.
• Identify types of accounts that do not offer deposit insurance.

8th Grade Saving Lesson Plans

• KMLP 8th Grade – Saving : Students learn the details of saving accounts, seeing how the federal government insures specific accounts. They learn about risk and interest rates to see how their money can grow and what risk tolerance they may have.

8th Grade Saving Worksheets

• Family Income
• Interest Worksheet
• Budget Basics
• Cash or Credit?

8th Grade Saving Games and Activities

• Money Magic
• Hit the Road
• Rollin’ With It
• Spending Shakeup
• Saving vs. Investing

Tips for Teaching Saving to 8th Graders

• Show your 8 th -graders specific apps and websites to research savings accounts.
• For each activity, have students develop a specific goal they will personally try to reach.
• Make activities team competitions – middle schoolers love to compete!

For more resources on other topics, check out our 8th Grade Money Lesson Plans Center .

9th-graders jump into the banking services and features consumers can find. They should be able to:

• Understand that deposit account interest rates and fees vary based on market conditions.
• Compare and contrast the features of mobile payment accounts, cryptocurrency accounts, and checking/ savings accounts.

9th Grade Saving Lesson Plans

• KMLP 9th Grade – Banks and Banking : Students learn how banks work, their services, and how different savings vehicles have various rates. They look at how the Federal Reserve sets rates and how their savings terms are directly affected.
• KMLP 9th Grade – Basic Economics : As your 9th-graders dive into the topic of savings, they see how economic principles tie into their personal finance. They learn about scarcity, choice, and decision-making motives factor into their financial success.

9th Grade Saving Worksheets

• Scarcity, Choice, and Decisions
• Money Goals
• Bank Services
• Why is Saving Smart?
• Make a Budget

9th Grade Saving Games and Activities

• Savings Calculator
• Setting Financial Goals
• Short-Term Savings Goals

Tips for Teaching Saving to 9th Graders

• Create binders specific to saving, where students can store their materials.
• Have kids dive deeply into research about savings accounts and how to manage their income.
• Kids can reflect on short-term, mid-term, and long-term goals; adjusting them is okay!

For more resources on other topics, check out our 9th Grade Money Lesson Plans Center .

10th-graders go into more depth with employers and government contributions and incentives. They should be able to:

• Explain how an employer match of employee contributions to its retirement plan provides an incentive for employees to save.

10th Grade Saving Lesson Plans

• KMLP 10th Grade – Microeconomics : This lesson covers saving, specifically the role of governments and employers in offering incentives and setting policies to encourage saving. Students learn about the economy’s structure and how people can make wise saving decisions.

10th Grade Saving Worksheets

• Making Decisions
• Is It Worth It?
• Comparing Savings Accounts
• Setting a SMART Savings Goal

10th Grade Saving Games and Activities

• Reviewing Money Management Apps
• Compounding Your Savings
• Income and Expenses

Tips for Teaching Saving to 10th Graders

• Work with students to create SMART savings goals for practical things: cars, computers, etc.
• Make a game out of activities, with rewards for the winners.
• Use current events to show how personal finance is affected by circumstances in the world.

For more resources on other topics, check out our 10th Grade Money Lesson Plans Center .

11th-grade students reflect on what kinds of habits they have and work on positive spending routines. They should be able to:

• Discuss strategies for avoiding personal triggers that result in deviating from a savings plan.

11th Grade Saving Lesson Plans

• KMLP 11th Grade – Supply and Demand : This lesson looks at fundamental economic principles, linking the information to students’ lives, decision-making, and peer pressure. They learn about tools and strategies they can use to counteract emotional decisions that impact their savings plans.

11th Grade Saving Worksheets

• What’s Worth Saving For?
• Draw Your Own Savings
• Financial Awareness
• Creating a Savings First Aid Kit
• Create Your Own Savings Rules

11th Grade Saving Games and Activities

• The Pros and Cons of Saving and Investing
• Lights, Camera, Budget
• Saving Each Payday
• Money Talks
• Finances 101

Tips for Teaching Saving to 11th Graders

• Dedicate time every day for students to work on savings goals.
• Follow up with one-on-one consultations with each student regularly.
• Always point out the tradeoff or opportunity cost of making a choice, teaching them to analyze their decision-making process.

For more resources on other topics, check out our 11th Grade Money Lesson Plans Center .

In 12th grade, students look at the many savings products and decide what is best for their immediate future. They should be able to:

• Compare the features of regular savings accounts, money market accounts, and CDs.
• Illustrate how inflation can reduce the purchasing power of savings over time if the nominal interest rate is lower than the inflation rate.

12th Grade Saving Lesson Plans

• KMLP 12th Grade – Saving : Students dig deeper into savings, seeing how the influence of inflation can directly affect their money. They learn which account types best combat inflation and make a PowerPoint comparing and contrasting different types of savings accounts.

12th Grade Saving Worksheets

• Savings and Budgeting Tool
• Needs and Wants Reflection
• Making a Decision
• Sticking With a Savings and Budget Plan
• Bouncing Ball Budgets

12th Grade Saving Games and Activities

• Financial Reality Check
• The Uber Game
• Gen I Revolution
• The Stock Market Game

Tips for Teaching Saving to 12th Graders

• Many 12th-graders are unprepared for their financial future. Make a saving plan with each student.
• Discuss alternatives to college from a financial standpoint. It’s not for everyone; they can save for another goal.
• Give plenty of class time for students to research the best savings tools, apps, and accounts.

For more resources on other topics, check out our 12th Grade Money Lesson Plans Center .

More Resources

• Saving money worksheets

An official website of the United States government

The .gov means it’s official. Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.

The site is secure. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Money Smart

Money Smart for Young People

Vea esta página en español

• An educator guide, student handouts, and powerpoint slides
• Multiple lessons that can be taught alone or in combination
• Standards alignment charts
• Ideas for grade-level modification
• Real-life exercises and examples
• Suggestions for optional books or online games/tools that can reinforce student understanding
• Ideas to integrate into existing academic subjects such as English, Mathematics, and Social Studies

FDIC Money Smart News for Kids was based on the Money Smart for Young People, grades 3-5 curriculum. It includes nine chapters, which introduce basic banking terms to young people, who are perhaps just beginning to learn about finances. Each issue builds upon the next and introduces two characters, Isabella and Noah, who try out different financial concepts along the way. Available at no-cost in English and Spanish language.

Other Youth Resources

Grades PreK-2 contains six lessons with hands-on, cross-curricular activities that engage preschool through second grade students. It explains financial concepts with age appropriate activities such as counting coins and defining needs and wants.

Full Grades PreK - 2 Curriculum

PreK - 2 Standard Alignment Chart

Due to the small screen size some information is no longer visible. Full information available when viewed on a larger screen.

Grades 3-5 contains eight lessons that expand on the lessons introduced in the PreK-2 curriculum. There are also newer topics such as how to create a budget and identifying ways to set goals for saving money.

Full Grades 3 - 5 Curriculum

Grades 3 - 5 Standard Alignment Chart

Grades 6-8 contains 12 lessons and is most appropriate for children ages 11 – 13. This curriculum contains important topics such as how to choose a successful career, and an introduction to understanding credit and debt.

Full Grades 6 - 8 Curriculum

Grades 6 - 8 Standard Alignment Chart

Grades 9-12 is our most expansive Money Smart for Young People curriculum. It contains 22 lessons that help prepare students for the real world by discussing topics such as car purchases, financing college and home ownership.

Grades 9 - 12 Standard Alignment Chart

Parent/ Caregiver Guides

The Money Smart Parent/ Caregiver Guides summarize key lesson concepts and exists as standalone resources. These guides also offer practical activities and conversation-starters on financial topics such as saving, setting financial goals, prioritizing spending decisions, and staying safe online.

  Grades PreK-2

  grade 6-8,   grades 3-5,   grades 9-12, digital toolkit.

The Digital toolkit consists of a few special activities from the MSYP Lesson plans that have been formatted for use on a computer or smart phone.

  Digital toolkit PDF Fillable Forms

The Digital toolkit is available for immediate download (catalog.fdic.gov).

Money Smart for Young People Digital Toolkit

Coloring/ Activity Book

Money Smart for Elementary School Students introduces key personal finance concepts to children ages 5-8. This resource features a coloring/activity book for the students accompanied by a companion manual for use by anyone leading a discussion with a group of youngsters.

The Student Activity Book and Instructor Guide are available for immediate  download (catalog.fdic.gov).

The Federal Deposit Insurance Corporation is prohibited from endorsing any specific organizations. Money Smart users must ensure that their publicity, advertisements, and public statements do not use the FDIC name or logo to imply that FDIC endorses their organization or its products or services.

Additional Links

Got any suggestions?

We want to hear from you! Send us a message and help improve Slidesgo

Top searches

Trending searches

palm sunday

5 templates

14 templates

solar eclipse

25 templates

26 templates

28 templates

13 templates

Money Presentation templates

Money, money, money, must be funny, in slidesgo’s world we know that money is not the key to happiness, but we are sure that these designs about it will make you feel very happy (and fortunate) look at these templates, full of coins, banknotes, credit cards… (as design concepts, of course…)..

Artificial Intelligence in Finance Theme for Business

Download the Artificial Intelligence in Finance Theme for Business presentation for PowerPoint or Google Slides. The world of business encompasses a lot of things! From reports to customer profiles, from brainstorming sessions to sales—there's always something to do or something to analyze. This customizable design, available for Google Slides and...

Economics Thesis

If numbers, exchange rates, money and trading are your forte, odds are you’re already working on an economics thesis for your master’s degree. Defending your dissertation is the last step and the most difficult one, but Slidesgo can help you. Here’s our new free presentation template with a focus on...

Cost Reduction in Manufacturing Industry Pitch Deck

Download the Cost Reduction in Manufacturing Industry Pitch Deck presentation for PowerPoint or Google Slides. Whether you're an entrepreneur looking for funding or a sales professional trying to close a deal, a great pitch deck can be the difference-maker that sets you apart from the competition. Let your talent shine...

Premium template

Unlock this template and gain unlimited access

Cashback App Pitch Deck

Are you familiar with the concept of cashback? Are you developing a mobile app for people to receive cash back on their purchases? We are all very happy to read messages like this item is 15% off or with this purchase you will receive 10% of the price in the...

Falling Money Background Animation

Money calls money, so, let's try it with this exclusive PowerPoint template, where we have added backgrounds with falling money animations. The green background is reminiscent of the color of banknotes, and the illustrations add the final touch to this multipurpose presentation that you can adapt to talk about different...

Economic Analysis for Business Decisions

Making decisions is an everyday thing for any kind of business. Of course, one of the main factors (if not the main one) in that decision making is the economic viability. After all, everyone works to earn money! Are you an expert on economic analyses? Cost-effectiveness and cost-benefit are concepts...

US National Dollar Day Minitheme

The dollar is the name of the official currency of various countries, dependencies and regions. The US dollar is the most widely circulated money in the world. August 8 marks its national day in the United States, and we wanted to be part of this important celebration with this complete...

Cost Reduction in Manufacturing Industry Marketing Plan

Download the Cost Reduction in Manufacturing Industry Marketing Plan presentation for PowerPoint or Google Slides. This incredible template is designed to help you create your own marketing plan that is sure to impress your entire team. Using this amazing tool, you'll be able to analyze your target audience, assess your...

Conference Pitch on Business and Economics

It will be a good conference if you accompany it with a good visual support, like this presentation! If you have checked your calendar, you have seen that in two weeks you have to give a conference on business and economy and you need a template to highlight the most...

Community Bank Business Plan

Register all your liabilities, earnings, and balance your finances out with this modern template for banks! It includes all the resources needed for a good business plan: graphs, tables, charts, diagrams… the information must be as clear as possible! The modern design combining simple geometrical forms and fun orange tones...

How to Plan and Budget for a Family Vacation

Download the How to Plan and Budget for a Family Vacation presentation for PowerPoint or Google Slides and prepare to receive useful information. Even though teachers are responsible for disseminating knowledge to their students, they also embarked on a learning journey since the day they decided to dedicate themselves to...

Business Cost Analysis

When it comes to analyzing your business costs, you want a professional presentation that gets straight to the point. That's where this template for Google Slides and PowerPoint comes in. With its clean and simple design in cream tones, this template will help you present your findings in a clear...

Paraguayan Economy Thesis Defense

Paraguay is a South American country has a unique history and diverse economic makeup that can provide interesting topics for research. If you've majored in economy and decided to do a thesis on the Paraguayan economy, you'll need to talk about topics such as industrialization, natural resources, trade or economic...

Cost Reduction in Manufacturing Industry Business Meeting

Download the Cost Reduction in Manufacturing Industry Business Meeting presentation for PowerPoint or Google Slides. Gone are the days of dreary, unproductive meetings. Check out this sophisticated solution that offers you an innovative approach to planning and implementing meetings! Detailed yet simplified, this template ensures everyone is on the same...

French Economy Newsletter

In need of help putting together an economy newsletter in French? If so, this is the template for you! Its beautiful slides combine red over a white background for a stylish and friendly feel, and its many illustrations let you touch on a variety of subjects while always being entertaining....

Costs and Budgets Optimization Consulting

Download the Costs and Budgets Optimization Consulting presentation for PowerPoint or Google Slides. Your business demands smart solutions, and this consulting toolkit template is just that! This versatile and ingenious toolkit will provide you with the essential tools you need to shape your strategies and make informed decisions. Whether you...

Tax Considerations in your Business

Download the name presentation for PowerPoint or Google Slides. The world of business encompasses a lot of things! From reports to customer profiles, from brainstorming sessions to sales—there's always something to do or something to analyze. This customizable design, available for Google Slides and PowerPoint, is what you were looking...

• Page 1 of 29

New! Make quick presentations with AI

Slidesgo AI presentation maker puts the power of design and creativity in your hands, so you can effortlessly craft stunning slideshows in minutes.

Register for free and start editing online

• Customer Favourites

Powerpoint Templates

Icon Bundle

Kpi Dashboard

Professional

Business Plans

Swot Analysis

Gantt Chart

Business Proposal

Marketing Plan

Project Management

Business Case

Business Model

Cyber Security

Business PPT

Digital Marketing

Digital Transformation

Human Resources

Product Management

Artificial Intelligence

Company Profile

Acknowledgement PPT

PPT Presentation

Reports Brochures

One Page Pitch

Interview PPT

All Categories

• You're currently reading page 1

Stages // require(['jquery'], function ($) { $(document).ready(function () { //removes paginator if items are less than selected items per page var paginator = $("#limiter :selected").text(); var itemsPerPage = parseInt(paginator); var itemsCount = $(".products.list.items.product-items.sli_container").children().length; if (itemsCount ? ’Stages’ here means the number of divisions or graphic elements in the slide. For example, if you want a 4 piece puzzle slide, you can search for the word ‘puzzles’ and then select 4 ‘Stages’ here. We have categorized all our content according to the number of ‘Stages’ to make it easier for you to refine the results.

Category // require(['jquery'], function ($) { $(document).ready(function () { //removes paginator if items are less than selected items per page var paginator = $("#limiter :selected").text(); var itemsperpage = parseint(paginator); var itemscount = $(".products.list.items.product-items.sli_container").children().length; if (itemscount.

• 3D Man (28)
• Brochures (14)
• Business Plan Word (3)
• Business Plans (16)
• Business Slides (4941)
• Circular (291)

• New Terms of Use
• New Privacy Policy
• Your Privacy Choices
• Closed Captioning Policy

Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by  Factset . Powered and implemented by  FactSet Digital Solutions .  Legal Statement .

This material may not be published, broadcast, rewritten, or redistributed. ©2024 FOX News Network, LLC. All rights reserved. FAQ - New Privacy Policy

How Bankrate calculators can help you save smart, pay off debt and set financial goals

Bankrate tools can help your save money, pay off debts and plan for your financial future.

Kevin O’Leary’s top tips for entrepreneurs and on saving money

Watch as Kevin O’Leary, investor and TV host, shares his top business and money tips with Ankur Jain, CEO of Bilt Rewards.

Spending money is easy, but saving it is a lot harder. Luckily, there are tons of free financial tools you can leverage to help you save money, pay off and stay out of debt.

Bankrate is one of these tools. 

Bankrate offers a slew of calculators all geared towards very specific financial goals. Whether you're trying to pay off a hefty student loan or save for the down payment on a home, these calculators can help. 

Read on to learn how you can use Bankrate to make smart financial choices and achieve your savings goals.

There are many different calculators available on Bankrate to help with different financial goals.  (iStock / iStock)

SAVING MORE MONEY: 10 CLEVER WAYS TO CUT SPENDING ON UNNECESSARY ITEMS

1. Bankrate savings calculators

Bankrate offers many different savings calculators to help individuals reach their savings goals. 

One of these is a very basic calculator where you fill in what your initial deposit is, the amount you'll contribute per month and how many years you'll contribute that amount for. There is also a spot to fill out the annual percentage yield (APY). If you already have an account open and know the APY, you can fill that in yourself. If you don't have an account yet, you can go with the average in the U.S. of 0.58%, according to Bankrate. 

Once you have all fields completed, you can see how much money you'll earn from your savings account, with your initial contribution, total contributions and the interest that was earned. 

If you have a specific amount of money you want to have saved by a deadline, you can use Bankrate's savings calculator. 

With this tool, you'll enter what your goal is and how many years you plan on taking to reach that goal. 

10 THINGS YOU CAN DO RIGHT NOW TO FINANCIALLY PLAN FOR YOUR FUTURE

You can then fill in the interest rate per year, and the amount and date of your first deposit. You'll receive a breakdown of the total you'll have to put aside per month in order to reach your goal. If you want an even further breakdown, you'll also be able to see how much that equals per day and week. This calculator is ideal for something like saving for a new car or even a vacation.

Bankrate tools can help you reach your saving goals and accumulate wealth.  (iStock / iStock)

Another interesting tool you can use on Bankrate is their million dollars calculator. With this, you'll need to fill in information like your age, the age at which you'd like to be a millionaire, how much you currently have invested and how much you save a month. 

There are also spaces for the expected rate of return, which is pre-set at 7%, and the expected inflation rate, which is on average, 2.9%. 

Then, you can see how much money you'll have at each age leading up to your millionaire status. This will provide you with a very clear look at whether you're on track to reach your goal. 

2. Bankrate real estate calculators

If you are on the hunt for a new home, but need guidance on how much to spend, Bankrate has a tool that can help you. 

With their home affordability calculator, you can input your yearly income, the debt you have accrued, if any, the down payment you intend on and the loan term. 

You will be given two different sets of numbers based off the information you included. First, there will be a recommended budget, with the price of a home, the monthly payment and the closing costs. Bankrate recommends that you should keep housing expenses lower than 28% of your income per month. 

MISSISSIPPI, KANSAS, OTHER TOP STATES WHERE YOU CAN COMFORTABLY SAVE MONEY

Then, there will be a maximum budget, with the highest price of a home you can afford, what that monthly payment will look like and what the approximate closing costs will be of a house at that price. 

Using this tool can give you a clear picture of what you can afford, to make sure you don't wind up going over budget. 

If you have various locations for home buying in mind, you can dig into this with the cost of living comparison calculator. 

Here, you will add the city you currently reside in, where you are moving to and what your current income is. 

Bankrate's tools can help you determine how much you can afford to spend on a home.  (Justin Sullivan/Getty Images / Getty Images)

Then, you'll be given the cost of living in your new city and how that compares to where you are moving from. 

You can even see a comparison in the costs of things like groceries, rent, home prices, gas and health-related costs. This tool can help you make a financially sound decision and also help you avoid unexpected increased costs when you reach your new city. 

5 FINANCIAL BOOKS THAT AREN'T FILLED WITH FALSE PROMISES, AND WILL ACTUALLY HELP YOU SAVE MONEY

If you are selling your home and have no idea what it's worth, you can simply type in your address and Bankrate will instantly provide you with a home valuation by Zillow. This number is an estimate, but it will drive your understanding. 

3. Bankrate investing calculators

Investing can be a really confusing topic, but also a great way to make more money from your cash. 

There are several different Bankrate tools that can help you with investing, like the investing calculator. This calculator will allow you to see if you're on track to reaching your investing goals. There's also the asset allocation calculator, which can help you build a balanced portfolio. 

4. Tools for managing debt from Bankrate

While there are various Bankrate tools to encourage saving and growing your own money, there are also ones that help you pay off debts.

One of these is a student loan calculator. With this tool, you can type in how much your loan is for, what the term is in years or months and the interest rate per year on the loan. 

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Then, you'll be able to see what your monthly payment is, the total for the year that will be going toward principal and the total going to interest. 

You can even see what the estimated payoff date is, and a schedule of all your monthly payments, including your balance at the end of each month. 

If you want to pay your loan off faster and put extra payments in on a monthly basis, yearly or just one time, you can schedule that all in as well to get more accurate numbers.