Saving money is hard work. Americans struggle to set aside enough money to cover emergencies. Only 41% of adults have $500 or more in an emergency savings account, according to a recent Bankrate survey.
Fortunately, there are ways to make saving a lot easier. It’s possible to “trick” yourself into saving money without depriving yourself of the comforts that money could buy you. Here are five tactics to try now.
1. Review your service plans
How long has it been since you reviewed your cellphone plan? If it’s been a while, you might be surprised by how much of what you’re paying for goes to waste every month. If you’re paying for way more service than you actually use, check with your provider and see if there’s a less expensive plan that would be perfectly adequate for your needs.
Next, take a look at other service providers with regular monthly charges — this could include your internet provider, your gym, Netflix, your landline phone service, etc. See if these providers also offer less expensive plans that would work just as well for you, and make the switch. Then write down how much you’ll be saving each month by switching to cheaper plans (we’ll get to how you use this number in a moment).