As the last weeks of 2017 become a reality, a popular question to come up in conversation for the coming year is: What is your new year’s resolution? Most people want to work out more or eat better. But another popular answer is to save more money. Saving money is important for the future and shouldn’t be overlooked. Check out these recommendations to help you save money in 2018.
Open Up a Savings Account
If you don’t already a savings account set up, you may have to do some research. There are so many options out there so make sure you chose the right type of account for your needs. Once you choose a savings account, remember to contribute to the savings account at a realistic goal that fits your lifestyle. Saving any kind of money is better than nothing and it will add up overtime.
Save for Emergencies
Most people like to save for a car or vacation but at times we forget about saving for emergencies. Save part of your paycheck each week for emergency situations because you never know exactly when they are going to happen. It’s recommended to have at least six months salary saved up but sometimes that’s not always realistic. Do the best you can.
Eliminate Unnecessary Spending
This is probably the easiest way to waste money without really noticing it. Here are ways that you can cut back on your monthly spending and save some extra cash for later.
Get Your Money on the Right Track for 2018
From savings accounts to useful resources, MNFCU offers a number of helpful tips and tricks to help you save your hard earned cash in 2018 and beyond. Discover how we can help you by contacting us here.