Finding Money to Save

If you’re looking to get started on saving, here are some easy ways to build your wealth every day. Be sure to check out our other resources to help you build your way towards your financial goals.

Tip

Monthly Savings

 

Yearly Savings

Save $.50 a day in loose change $15   $180
Cut soda/pop consumption by 1 liter a week $6   $72
At work, substitute 1 coffee for 1 cappuccino $40   $480
Bring lunch to work (saving estimated $3/day) $60   $720
Eat out 2 fewer times a month $30   $360
Borrow, rather than buying, one book a month $15   $180
Comparison shop for gas (save est. $.25/gallon) $4   $48
Maintain checking account minimum to avoid fees $7   $84
Bounce one less check a month $20   $240
Pay credit card bill on time to avoid late fee $25   $300
Pay off $1000 of credit card debt, reducing interest $15   $180

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Tip of the Day

  • Teach your #kids about finance - start with the #Money as you Grow program >> http://moneyasyougrow.org

Pledge to Save

I pledge to save money, reduce debt, and build wealth over time. I will encourage my family and friends to do the same

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Saver Stories View all »

Involving Kids in Family Finances

 

One of the best lessons we can share with our kids is about money. By middle school, kids should have a good understanding of how money works as well as the importance of saving.

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60 Teens participate in Massachusetts Youth Saves Program

During the months of June & July, 60 teenagers aged 13-19 from Marine, Coast Guard, Army, and Air Force families attended Youth Saves programs across the Commonwealth of Massachusetts to help increase their knowledge of financial literacy.

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One That Almost Got Away

Brody Lockwood - Like a typical fledgling, I started down the track of financial indebtedness. Nineteen years old and nothing to lose. Credit - who need it? Savings - that was for older people with responsibility. Debt - my parents were in debt ergo it must be OK. When I was eligible for reenlistment, I reenlisted for a multiple of 3 worth $15K. I was happy to pay off my debt, but would I be able to stay out of debt?

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