This post is brought to you in partnership with Blueprint. All opinions are our own.
When people think of saving money, they may often think of complicated tax write-offs or confusing stock market investments. The truth is that saving money does not have to be so complex.
With help from Blueprint, we’ve compiled a list of three simple steps you can take to begin saving money today.
Spend the paper, save the coins.
Take money out of the bank rather than using a credit card for all your purchases. Spend the cash, but keep any leftover coins and save them. When you are effectively saving at least a few cents on every purchase, you’ll be surprised at how much money you’ve saved after only a few months! There are also apps out there that can help with this if using paper money isn’t practical.
Take advantage of employee benefits.
This is one area that can involve some tricky account management but can be beneficial. Employee benefits such as 401(k) plans or Healthcare Savings Accounts (HSAs) are designed to help employees save money over the long run and they can be crucial tools for developing a sound savings strategy.
If you need help, talk to a Financial Advisor like the ones at Blueprint. They can walk you through the available options offered by your employer.
Save when you save.
Intentionality is a key part of a successful saving strategy. You have to make saving one of your major goals. One way to do this is by setting aside the money you save on good deals or coupons rather than spending it on something else. Would you have originally paid $10 instead of the $5 that you spent on a buy-one-get-one-free deal? Hang onto that extra $5! It’s like savings on top of savings, and it is a way to ensure that the deals you get while shopping actually do save you money.
These are not the only simple ways to start saving money. With help from Blueprint‘s Financial Advisors, you can work on a strategy that fits your individual budget and income. They can help with setting specific savings goals as well as providing informational resources and regular advice on how your savings strategy is working out.
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Blueprint Holdings (Blueprint) is an agency of the Guardian Life Insurance Company of America (Guardian), New York. Securities products and services offered through Park Avenue Securities LLC (PAS), member FINRASIPC. OSJ: 4201 Congress Street Suite 295, Charlotte NC 28209. 800-532-2829. PAS is an indirect, wholly-owned subsidiary of Guardian. Blueprint is not an affiliate or subsidiary of PAS or Guardian. 2018-61349 exp 06/20