5Ways Almost Anyone Can Supercharge Their Savings

Stop Being Poor

In 2023, saving money, however possible, is at the forefront for millions of people daily. Thankfully, there are proven strategies that will undoubtedly lead to a larger bank account — and they’re more straightforward than you think to implement into your daily life.

Recently, sensible spenders met in an online discussion to reveal how the average person can supercharge their savings.

Adjusting your mindset is difficult but not impossible. “Saving money, just like counting calories or using time efficiently, requires discipline and a willingness to prioritize your goals,” confesses one woman.

Adjust Your Mindset

Pay Yourself First

One of the savviest ways to supercharge your savings is to pay yourself first. Let me explain: Every time you receive a paycheck, “pay” yourself and stick to that budget until the next time you get paid by your employer.

Many people swear by common rules that they insist make saving money easier. For example, countless people love incorporating the 50-30-20 Rule. “Put 50% of your income to bills, 30% to personal use, and 20% to savings,” advises one expert.

Follow the 50-30-20 Rule

Face it, most of us are subscribed to way too many subscription services. From magazines (remember those?) to television streaming platforms — and everything in between — subscription services are a dime a dozen in 2023.

Reassess Subscription Services

“Keep track for one month or even one week of every dime you spend and see how much is wasted,” explains one woman. “It was an eye-opening experience for me.”

Create a Budget Spreadsheet

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Visit WealthyNickel.com to learn how to save money and invest!

More posts:

Poverty Finance: 10 Extreme Things Only People Who’ve Truly Been Poor Have Done to Save Money

“Extreme Frugality is Toxic”: 12 Simple Ways to Save Money That Don’t Require Being a Tightwad