6 Ways to Save Money on Accident

piggybankNo matter how hard people try (or don’t bother trying) to save money, some people are just not programmed to be savers, and for good reason. We deserve to spend the money we work so hard for in order to enjoy the finer things in life.

But you can still do enjoy life without having to sacrifice an enjoyable, comfortable retirement while sacrificing all of your earnings. Here are 6 ways you can start saving more money on accident:

  1. Make it Automatic: Invest in your company’s 401k plan or have a certain amount of money from each of your paychecks automatically swept to a separate high-yield savings account. This takes the mental willpower out of the picture.
  2. Buy Generic: Generic, store brand products and pharmaceutical drugs are indistinguishable. Why pay more for the name brand on the label when you can get the exact same thing for half the price?
  3. Review Your Spending: When you save your receipts and review your spending, you are more conscious of how much you have actually spent, and therefore are more likely to stay within a budget (see Less Tracking, More Spending).
  4. Be Efficient: With the price of gas these days, going out of the way to get your errands done can be costly. Plan your chores for the week out so you can take advantage of getting more done on in your daily commute.
  5. Pay on Time: Not only will paying your bills on time eliminate late fees, but our credit score will also increase. You’ll be happy you did the next time you apply for an auto loan or mortgage.
  6. Save the Spare Change: Where does all of your spare change go? Revert to your childhood savings plan and start a piggy bank. Put it somewhere convenient so when you empty your pockets you can easily throw your change in a jar. You’ll be amazed how quickly those dimes and quarters add up.

Millionaire Money Habit: If you can’t seem to get yourself to save money, take the emotion out of it by making your savings and investing plan automatic. By paying yourself first you will hardly notice the money missing.

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