Quick Ways to Give Your Savings Account Balance a Boost | Cleveland Bradley County Teachers Federal Credit Union

Saving money is a goal we all strive for, but it is often easier said than done. Unexpected events, months where expenses are higher than normal and fluctuating incomes can all contribute to our savings being less than what we would like, but there are ways you can quickly get yourself back on track.

While the best savings strategy is a long-term one, if you are hoping to get a quick boost to your savings account balance, we have several tips for you! These are small changes that can have big, long-term impacts on your overall budget—read on to learn more.

Smart Ways to Save Money Quickly

Take advantage of free entertainment. Getting rid of cable can save you money, but the multitude of streaming services out there can still add up in your budget. While having entertainment is important for quality of life, be sure you are making use of all the free options out there. For example, the Chattanooga Library offers the streaming service hoopla for free with your library card, which provides access to a whole host of movies and TV shows.

Make it difficult to make impulse purchases. Between services such as Apple Pay, PayPal and autocomplete, shopping online is almost too easy—and if you tend to make impulsive buys, this can be a costly convenience. Make it more difficult to shop online by forcing yourself to manually input numbers each time you need to place an order.

DIY when you can. Some services are worth paying for, but there are some things that can easily be done yourself with a bit of YouTube knowledge and a can-do spirit. Oftentimes, minor repairs, house cleaning and home improvement projects are things that we pay for, but that could really be done with a free afternoon and some know-how.

Regularly check in to refinancing. If you have a car loan, student loans or a mortgage, refinancing can be a smart way to save. Regularly check up on what interest rates you qualify for to make sure you are not paying more than what is necessary each month.

If you need help storing your savings, we are the team to call! We have a variety of account options designed to help you get ahead. Contact us today to learn more.