My favorite easy way to save money is by automating transfers from my checking account into a dedicated savings account. Each payday, I have a set amount automatically withdrawn and stashed away before I even have a chance to spend it. This "set it and forget it" approach removes the temptation to dip into those savings. Over time, those automatic transfers really add up without any extra effort on my part. It's a simple, mindless habit that has helped me build an emergency fund and save for larger goals like a down payment.
What is your favorite easy way to save money?
- Thread starter You
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The best way to save money is not to squander by buying things that are really not requirede.
I put a portion of my monthly earnings into a fixed deposit account. Although this is not an automatic transfer, I do that regularly every month.