Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Back
Scroll to top

11 Easy Tips for Saving Money

Saving money is important if you want to be prepared for future financial surprises or hardships and establish peace of mind. But sometimes, finding extra funds to set aside is a challenge. These simple money saving tips can show you new ways to save and fill your savings account up in no time.

11 Great Money Saving Tips

1. Switch your bank account. If your current bank account charges you fees, you might consider switching to a bank that offers you ways to keep your account hassle free. First Bank* offers five different checking account options.

2. Save loose change. Save money by storing loose change in a jar. Once the jar is full, you can cash in the change at your bank and deposit the money into a savings account.

3. Create a budget. By creating a budget, you’ll be able to see where you can cut back your expenses and save money each month. 

4. Making a shopping list and stick to it. Instead of going to the store without a plan, try creating a shopping list and not straying from it. This way you won’t be tempted to buy things you don’t absolutely need.

5. Avoid dining out. Dining out is expensive. You can save a ton of money each month by simply eating at home. And if you have to eat out for an event or because you’re running low on time, you won’t feel guilty spending the money because you’ve been saving all month.

6. Cancel cable. As great as television is, cable is an unnecessary expense. If you’re really looking for ways to save money, consider canceling your cable subscription.

7. Make coffee at home. The average American worker spends about $14.40 on coffee per week. By making coffee at home, you could save around $1,100 annually.

8. Cancel unused memberships. Have a gym membership you never use? What about a subscription to a magazine you never read? Look at all of your recurring membership fees and cancel the ones that you’re not using on a regular basis.

9. Shop generic. Often, generic items are just as good as their name brand counterparts. Choosing the generic brand when grocery shopping can save you tons of money on your bill. And to save even more money, don’t forget to sign up for your favorite grocery store’s rewards program.

10. Take the bus. Do you live in an area that offers public transportation? If so, consider taking the bus to and from work to save money on gas.

11. Take advantage of warranties. These service contracts offset the costs of expensive home or car repairs. With established monthly or annual costs, you and your budget won’t be caught off guard by an unexpected bill.

For more money saving tips, check out First Bank’s Financial Education Center.


———

Source:

ABC News: http://abcnews.go.com/GMA/american-coffee-habits-spend-coffee/story?id=16923079

Trending Topics

First Bank Celebrates Donielle Bacon During Women’s History Month

Donielle Bacon, First Bank’s Area Retail Manager, is driven to overcome the societal and cultural expectations set for an African American woman. Starting out in the hospitality industry, working many years as a wait staff...

Checking Account Offers – High Point NC

High Point, North Carolina is home to over 100,000 people and is considered the “Home Furnishings Capital of the World.” In addition to High Point’s rich history of furniture manufacturing, they have grown to expand their...

FHA Mortgage Loan Insurance

If you’re in the market for a new home, it’s quite likely that you have thought about acquiring mortgage loan insurance through the Federal Housing Administration (FHA). Established in 1934, the FHA has helped millions of...

How To Get A Small Business Loan

If you are an entrepreneur ready to start your own business, or a seasoned small business owner looking to expand, you may need to know how to get a small business loan. Acquiring the funds to start or grow your small...

Get a Lower Interest Rate By Refinancing Your Mortgage Today

With mortgage rates remaining low, whether to refinance or not has been a common question asked among our customers. Read on to learn more about the “the what” and “why” part of refinancing if you’re debating whether or...

First Bank One Rewards Program: Learn More

There are a lot of advantages to being a First Bank credit card holder, but the First Bank One Rewards Program is the most beneficial to you. By simply using your Platinum Rewards Mastercard® or Mastercard® Business Card...

Find the Best Savings Account Rates at First Bank in North Carolina

Finding the best savings account rates in North Carolina can be beneficial for many reasons. Whether you want to save money in the case of an emergency or start a fund for your child’s education, having the right savings...

Four Tips Before Starting Your Business

According to research from the SBA.gov in a 2020 report of small businesses, North Carolina had a total of 934,604 small businesses. And despite everything the last year threw at us, the number of new businesses in the...

Small Business Line of Credit

Obtaining a line of credit for your small business can help your entrepreneurial spirit take the company to the next level. This line of credit can be a more affordable option than a business loan because you only pay...

First Bank Celebrates Anne Stoneham During Women’s History Month

Anne Stoneham serves as First Bank’s Senior Director of Human Resources, leading Compensation & Benefits, Talent Acquisition, Training & Talent Development, and Internal Communications. Although her path from...