🕷️ Crawler Inspector

URL Lookup

Direct Parameter Lookup

Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 148 (from laksa048)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa148.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.bankrate.com/banking/savings/how-to-save-money/\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.bankrate.com/banking/savings/how-to-save-money/\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/","crawl_time":1776630535,"first_indexed_time":1528699126,"http_code":200,"src_unparsed":"com,bankrate!www,\/banking\/savings\/how-to-save-money\/ s443","src_root_hash":"16841441868536461148","history_drop_reason":null,"meta_title":"14 Easy Tips To Help You Save Money Without Going To A Lot Of Effort | Bankrate","meta_descriptions":["There are plenty of easy savings tips that can help you spend less on everyday expenses and keep more of your hard-earned money.","There are plenty of easy savings tips that can help you spend less on everyday expenses and keep more of your hard-earned money."],"attrs_boilerpipe_text":"Key takeaways\nOnly 46% of U.S. adults have enough emergency savings to cover three months of expenses, making saving money more crucial than ever.\nAutomatic transfers to a high-yield savings account earning around 4% APY can help build emergency funds without extra effort.\nCash-back apps and comparison shopping can save hundreds annually on everyday purchases like groceries, gas, and insurance.\nSimple changes like switching to generic brands, negotiating bills and using coupons can free up significant money for savings.\nSaving money in the current economic environment likely feels overwhelming. And the data supports how much of a struggle it is — only 46% of U.S. adults have enough emergency savings to cover three months of expenses, according to\nBankrate’s Emergency Savings Report\n. With 24% having no emergency savings at all, finding ways to cut expenses and build savings has become essential for financial security.\nThe challenge isn’t just about earning more — it’s also about saving smarter. Even small changes to your spending habits can add up to significant savings over time. Whether you’re building your first emergency fund or trying to reach a specific savings goal, these proven strategies can help you keep more money in your pocket.\n1. Review your spending habits\nBefore implementing any money-saving strategies, you need a clear picture of where your money currently goes. Most banks and credit card companies provide categorized spending reports through their online platforms or mobile apps, showing you exactly how much you’re spending on groceries, entertainment, utilities and other categories.\nTrack everything for at least one month:\nReview bank statements, credit card bills and cash receipts to understand your spending patterns. Many people are surprised to discover they’re spending far more than expected on subscription services, dining out or impulse purchases.\nIdentify spending leaks:\nLook for recurring charges you forgot about, subscriptions you no longer use or categories where you’re consistently overspending. Common culprits include streaming services, gym memberships and automatic renewals for apps or software you rarely use.\n2. Automate your savings\nSetting up automatic transfers from your checking to your savings account each payday removes the temptation to spend money before saving it. This “pay yourself first” approach ensures consistent saving without requiring ongoing willpower or decision making.\nFirst, calculate your monthly expenses and determine how much you can realistically save each month. Consider automatically transferring a percentage of each paycheck — such as 10% or 20% — rather than a fixed dollar amount. This approach scales your savings as your income fluctuates and helps build the habit of living below your means.\nMany budgeting apps can track spending, issue overspending alerts and automate savings transfers. Apps like YNAB (You Need A Budget) and Rocket Money can help coordinate your spending and saving goals in one platform.\n3. Use cash-back apps and credit card rewards\nCash-back apps can reduce your overall spending on purchases you’re already making. These tools work best when used strategically for planned purchases rather than encouraging additional spending.\nIf you pay off credit card balances in full each month,\ncash back credit cards\ncan provide 1% to 6% back on purchases. Stack cash-back apps with rewards credit cards for double savings.\n4. Reconsider your mobile provider\nCell phone plans often include features and data allowances far beyond most users’ actual needs. With increased competition among mobile providers, switching carriers can provide significant monthly savings without sacrificing service.\nCompanies like Mint Mobile, Visible and Ting Mobile are known for offering plans that are cheaper than major carriers while using the same cellular networks. It pays to research coverage in your area and compare plan features to find the best value. Plus, check your phone’s data usage statistics to determine how much data you actually use monthly. If you primarily use Wi-Fi at home and work, you may be paying for more data than necessary.\nIf multiple family members need service, family plans from both major and smaller carriers often provide better per-line pricing than individual plans. But before switching, call your current carrier to discuss potentially lowering your monthly bill. Many providers offer retention discounts to customers considering switching to competitors.\n5. Turn off store promotion notifications\nYour smartphone can be a powerful money-saving tool, but it can also trigger impulse purchases through promotional notifications, deal alerts and targeted advertising. Taking control of these digital spending triggers can significantly reduce unplanned purchases. This includes:\nUnsubscribe from promotional emails.\nDisable app notifications.\nRemove shopping apps from your phone.\n6. Shrink your utility bills\nHome utility costs continue rising, but several changes can reduce your monthly bills without significantly impacting your comfort or convenience:\nLED lighting savings:\nThe\nU.S. Department of Energy estimates\nthat switching to LED bulbs can save the average household around $225 annually.\nSeal air leaks:\nYou can save up to 20% on heating and cooling costs by sealing air leaks and adding insulation. Many utility companies offer free energy audits to identify the most impactful improvements for your home.\nSmart thermostat benefits:\nProgrammable and smart thermostats can reduce heating and cooling costs by automatically adjusting temperatures when you’re away from home.\nWater conservation:\nInstalling low-flow showerheads, fixing leaks promptly, and watering lawns during cooler morning hours can significantly reduce water bills.\nEnergy assistance programs:\nThe federal Low Income Home Energy Assistance Program (LIHEAP) helps eligible households pay energy bills, weatherize homes and make energy-related repairs. Check your local utility companies for additional rebate programs.\n7. Evaluate your entertainment expenses\nEntertainment subscriptions can quickly add up to $100 or more monthly. Regularly reviewing and optimizing these services can free up significant money for savings.\nInstead of paying for multiple streaming services simultaneously, consider rotating subscriptions monthly or seasonally. Services like Sling TV, Hulu and Fubo often cost less than traditional cable packages while offering access to popular content. If you’re already an Amazon Prime member, take advantage of the included Prime Video streaming service and Prime Music to potentially eliminate other subscription costs.\nPublic libraries offer free access to more than just physical books. You may be able to use your local library to check out movies, music, audiobooks and digital content through apps like Libby.\n8. Take advantage of free local attractions\nA little research can help you find fun, affordable attractions and activities in your local area. For instance, some museums and art galleries offer free admission on certain days of the week or month. Libraries may offer passes to parks, zoos or museums on a first-come, first-served basis. Or you can just head outdoors for a hike, bike ride or picnic.\nYour bank may even offer free access to attractions. For example,\nBank of America’s Museums on Us\nprogram gives the bank’s debit and credit card holders complimentary access to around 240 cultural institutions across the country.\n9. Be a strategic grocery shopper\nWhile you’ll need to keep buying food despite higher prices, you can learn\nhow to save money on groceries\n. One method is to avoid throwing away unused food. For a U.S. household of four, the annual cost of food waste is around $2,913, or $56 per week, according to the\nEnvironmental Protection Agency (EPA)\n.\nAAs you make your grocery list, think about what you threw away last time and how to avoid letting that happen again. Planning out your upcoming meals can help you avoid buying things you don’t need — and avoid waste, in turn. Also, take a tour of your pantry first and build your meals around what you already bought.\n10. Break up with brand names\nSpeaking of groceries, consider whether you really need to pay for expensive brand-name foods. A comparison of ingredients and labels on things like noodles, cereal and spices may show generic alternatives to be just as nutritious and high-quality as their top-shelf counterparts.\nThe same concept can apply to non-food items such as paper products, hand soap and laundry detergent. Try to find more affordable alternatives for any such brand-name household items you buy. You can always switch back to your original choice if you’re not happy with the lower-priced alternative.\n11. Explore other banking options\nBanking fees can\ndrain hundreds of dollars annually\nfrom your accounts. Shopping for better banking options can eliminate these unnecessary costs:\nMonthly maintenance fee waivers:\nOnline banks like\nAlly Bank\nand\nMarcus by Goldman Sachs\ntypically don’t charge monthly maintenance fees on checking or savings accounts. They also frequently offer higher interest rates than traditional banks.\nHigh-yield savings benefits:\nOnline\nhigh-yield savings accounts\ncurrently offer rates around 4.00% APY, compared to the national average of 0.59%. Moving $10,000 from a traditional savings account to a high-yield account could earn an additional $300 or more annually.\nATM fee reimbursements:\nMany online banks and credit unions\nreimburse ATM fees\ncharged by other banks, potentially saving $5 to $15 monthly for frequent ATM users.\nCD and money market options:\nIf you have funds you won’t need for several months or years,\ncertificates of deposit (CDs)\nand\nmoney market accounts\nfrom online institutions often provide significantly higher returns than traditional savings accounts.\n12. Compare car insurance rates\nIf you have a track record of safe driving, it can pay to shop around for a good insurance provider that will reward you for your responsible behavior.\nCompare other car insurance quotes\nwith what you currently pay to see how much you can lower your premiums for the same amount of coverage.\nThose who don’t spend much time behind the wheel may be able to cut costs by going with\nusage-based insurance\n, which can tailor your coverage to fit how much you actually use your vehicle.\n13. Use coupons and promotional codes\nCouponing might sound old-school, but finding deals doesn’t always require clipping portions of the Sunday newspaper. When you’re shopping online, take a few minutes to search for a coupon code when websites offer a “promo code” box on the checkout page.\nBrowser extensions like Rakuten\nand Coupert automatically search for online coupons while you shop. Capital One Shopping is another tool that can find online deals automatically, and it’s available to everyone — not just Capital One customers. It works by searching for coupon codes, best prices and rewards at more than 100,000 online retailers.\n14. Challenge yourself to a spending freeze\nTry taking control of your finances by embarking on a spending freeze — also known as a\nno-buy challenge\n— during which you cut all unnecessary spending for a set period. This could give you a sense of how much you’re spending on nonessentials like trips to the coffee shop. Add the extra money you have at the end of the month to your savings or use it to pay down debt.\nBottom line\nIf you’re serious about reaching your financial goals, our 14 tips on saving money offer you a good starting point. Now that you have a basic understanding of how to save money, it’s a good idea to plan where you’ll allocate your savings — and put your plan into action.\nFor example, if you want to bulk up your emergency fund, transfer any savings out of your checking account each week or month so you’re less likely to spend it. If you need to pay down debt, create additional payments that automatically come out of your bank account. Whatever your goals, make the process of saving as effortless as possible.\nFrequently asked questions\nDid you find this page helpful?\nInfo Icon\nHelp us improve our content","attrs_markdown":"[Skip to Main Content](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#main-content)\n\n- [Banking](https:\/\/www.bankrate.com\/banking\/)\n  All\n  \n  Banking\n  \n  Checking & savings\n  \n  CDs\n  \n  Money market\n  \n  Banks\n  \n  [Explore all banking resources](https:\/\/www.bankrate.com\/banking\/)\n  \n  Banking\n  \n  Compare accounts\n  \n  - [Best high-yield savings accounts](https:\/\/www.bankrate.com\/banking\/savings\/best-high-yield-interests-savings-accounts\/)\n  - [Best checking accounts](https:\/\/www.bankrate.com\/banking\/checking\/best-checking-accounts\/)\n  - [Best free checking accounts](https:\/\/www.bankrate.com\/banking\/checking\/best-free-checking-accounts\/)\n  \n  Get guidance\n  \n  - [Savings calculator](https:\/\/www.bankrate.com\/banking\/savings\/simple-savings-calculator\/)\n  - [All savings calculators](https:\/\/www.bankrate.com\/banking\/calculators\/)\n  - [Savings rate trends](https:\/\/www.bankrate.com\/banking\/savings\/average-savings-interest-rates\/)\n  - [Savings resources](https:\/\/www.bankrate.com\/banking\/savings\/)\n  \n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/6efbd0a01f\/savings-basics.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) Savings basics 5 min read](https:\/\/www.bankrate.com\/banking\/savings\/how-to-open-a-savings-account\/)\n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/4c26764452\/how-to-start-saving.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) How to start saving 4 min read](https:\/\/www.bankrate.com\/banking\/savings\/start-saving-from-scratch\/)\n  \n  Compare accounts\n  \n  - [Best CD rates](https:\/\/www.bankrate.com\/banking\/cds\/cd-rates\/)\n  - [Best 6-month CD rates](https:\/\/www.bankrate.com\/banking\/cds\/best-6-month-cd-rates\/)\n  - [Best 1-year CD rates](https:\/\/www.bankrate.com\/banking\/cds\/best-1-year-cd-rates\/)\n  - [Best 5-year CD rates](https:\/\/www.bankrate.com\/banking\/cds\/best-5-year-cd-rates\/)\n  \n  Get guidance\n  \n  - [CD calculator](https:\/\/www.bankrate.com\/banking\/cds\/cd-calculator\/)\n  - [CD ladder calculator](https:\/\/www.bankrate.com\/banking\/cds\/cd-ladder-calculator\/)\n  - [CD resources](https:\/\/www.bankrate.com\/banking\/cds\/)\n  \n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/a7b9c5207a\/cd-basics.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) CD basics 7 min read](https:\/\/www.bankrate.com\/banking\/cds\/what-is-a-cd\/)\n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/4b0ced533f\/how-to-invest-with-cds.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) How to invest with CDs 6 min read](https:\/\/www.bankrate.com\/banking\/cds\/how-to-invest-in-cds\/)\n  \n  Money market accounts\n  \n  Money market accounts are similar to savings accounts, but offer some checking features as well.\n  \n  [View MMA rates](https:\/\/www.bankrate.com\/banking\/money-market\/rates\/)\n  \n  Get guidance\n  \n  - [Money market basics](https:\/\/www.bankrate.com\/banking\/mma\/what-is-a-money-market-account\/)\n  - [Money market vs savings accounts](https:\/\/www.bankrate.com\/banking\/money-market-account-vs-savings-account\/)\n  - [How to open an MMA](https:\/\/www.bankrate.com\/banking\/mma\/how-to-open-a-money-market-account\/)\n  - [MMA resources](https:\/\/www.bankrate.com\/banking\/mma\/)\n  \n  Banking\n  \n  Unlock financial rewards by signing up for a savings or checking account with a bonus offer.\n  \n  [Best bank bonuses](https:\/\/www.bankrate.com\/banking\/best-bank-account-bonuses-and-promotions\/)\n  \n  Get guidance\n  \n  - [Best online banks](https:\/\/www.bankrate.com\/banking\/best-online-banks\/)\n  - [Best credit unions](https:\/\/www.bankrate.com\/banking\/best-credit-unions\/)\n  - [Bank reviews](https:\/\/www.bankrate.com\/banking\/reviews\/)\n  - [Federal Reserve news](https:\/\/www.bankrate.com\/banking\/federal-reserve\/)\n  \n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/d50369eb56\/capital-one-review.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) Capital One review Our take on Capital One Bank](https:\/\/www.bankrate.com\/banking\/reviews\/capital-one\/)\n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/d121fa8bad\/marcus-review.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) Marcus review Our take on Marcus by Goldman Sachs](https:\/\/www.bankrate.com\/banking\/reviews\/marcus\/)\n  \n  [Explore all banking resources](https:\/\/www.bankrate.com\/banking\/)\n- [Mortgages](https:\/\/www.bankrate.com\/mortgages\/)\n  All\n  \n  Mortgages\n  \n  Purchase\n  \n  Refinance\n  \n  Real estate\n  \n  [Explore all mortgages resources](https:\/\/www.bankrate.com\/mortgages\/)\n  \n  Mortgages\n  \n  Compare rates\n  \n  - [Mortgage rates](https:\/\/www.bankrate.com\/mortgages\/mortgage-rates\/)\n  - [30-year mortgage rates](https:\/\/www.bankrate.com\/mortgages\/30-year-mortgage-rates\/?disablePre=1)\n  - [15-year mortgage rates](https:\/\/www.bankrate.com\/mortgages\/15-year-mortgage-rates\/?disablePre=1)\n  - [VA loan rates](https:\/\/www.bankrate.com\/mortgages\/va-loan-rates\/)\n  \n  Get guidance\n  \n  - [Mortgage calculator](https:\/\/www.bankrate.com\/mortgages\/mortgage-calculator\/)\n  - 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[30-year refinance rates](https:\/\/www.bankrate.com\/mortgages\/30-year-refinance-rates\/?disablePre=1)\n  - [15-year refinance rates](https:\/\/www.bankrate.com\/mortgages\/15-year-refinance-rates\/?disablePre=1)\n  \n  Get guidance\n  \n  - [Mortgage refinance calculator](https:\/\/www.bankrate.com\/mortgages\/refinance-calculator\/)\n  - [Best refinance lenders](https:\/\/www.bankrate.com\/mortgages\/best-lenders\/refinance-mortgage-lenders\/)\n  - [Best cash-out refinance lenders](https:\/\/www.bankrate.com\/mortgages\/best-lenders\/cash-out-refinance-lenders\/)\n  - [Mortgage refinance resources](https:\/\/www.bankrate.com\/mortgages\/refinancing\/)\n  \n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1442x1440\/d475e14a0e\/home-equity-lender-reviews-nav-imagery.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) How to refinance your mortgage 12 min read](https:\/\/www.bankrate.com\/mortgages\/how-does-refinancing-a-mortgage-work\/)\n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/e9e92b7729\/home-equity-heloc-guide-nav-imagery.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) Cash-out refinancing guide 9 min read](https:\/\/www.bankrate.com\/mortgages\/cash-out-refinancing\/)\n  \n  Buying & selling\n  \n  Knowing what to look for in a real estate agent is critical. Here's how to choose the best fit for your needs.\n  \n  [Choosing an agent](https:\/\/www.bankrate.com\/mortgages\/finding-best-real-estate-agent\/)\n  \n  Get guidance\n  \n  - [Home affordability calculator](https:\/\/www.bankrate.com\/mortgages\/home-affordability-calculator\/)\n  - [Cost of living calculator](https:\/\/www.bankrate.com\/personal-finance\/cost-of-living-calculator\/)\n  \n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/08fb8be334\/buying-a-home.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) Buying a home 12 min read](https:\/\/www.bankrate.com\/mortgages\/how-to-buy-a-house\/)\n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/3b255b330e\/selling-a-home-nav-imagery.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) Selling a home 10 min read](https:\/\/www.bankrate.com\/mortgages\/how-to-sell-your-house\/)\n  \n  [Explore all mortgages resources](https:\/\/www.bankrate.com\/mortgages\/)\n- [Investing](https:\/\/www.bankrate.com\/investing\/)\n  All\n  \n  Investing\n  \n  Investing\n  \n  Retirement\n  \n  Financial advising\n  \n  [Explore all investing resources](https:\/\/www.bankrate.com\/investing\/)\n  \n  Investing\n  \n  Compare investments\n  \n  - [Best investments](https:\/\/www.bankrate.com\/investing\/best-investments\/)\n  - [Best index funds](https:\/\/www.bankrate.com\/investing\/best-index-funds\/)\n  - [Best long-term investments](https:\/\/www.bankrate.com\/investing\/best-long-term-investments\/)\n  - [Best short-term investments](https:\/\/www.bankrate.com\/investing\/best-short-term-investments\/)\n  \n  Get guidance\n  \n  - [All investing calculators](https:\/\/www.bankrate.com\/investing\/calculators\/)\n  - [Brokerage reviews](https:\/\/www.bankrate.com\/investing\/brokerage-reviews\/)\n  - [Robo-advisor reviews](https:\/\/www.bankrate.com\/investing\/roboadvisor-reviews\/)\n  - [Low risk investments](https:\/\/www.bankrate.com\/investing\/low-risk-investments\/)\n  \n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/3cfd293f15\/passive-income-ideas-nav-imagery.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) Passive income ideas 26 min read](https:\/\/www.bankrate.com\/investing\/passive-income-ideas\/)\n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/3d6f458d84\/how-to-start-investing-nav-imagery.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) How to start investing 7 min read](https:\/\/www.bankrate.com\/investing\/how-to-start-investing\/)\n  \n  Compare plans\n  \n  - [Best retirement plans](https:\/\/www.bankrate.com\/retirement\/best-retirement-plans\/)\n  - [Best IRA accounts](https:\/\/www.bankrate.com\/retirement\/best-ira-accounts\/)\n  - [Best Roth IRA accounts](https:\/\/www.bankrate.com\/investing\/best-roth-ira\/)\n  - [Best 401(k) rollover options](https:\/\/www.bankrate.com\/retirement\/best-places-to-rollover-401k\/)\n  \n  Get guidance\n  \n  - [401(k) calculator](https:\/\/www.bankrate.com\/retirement\/401-k-calculator\/)\n  - [Retirement plan calculator](https:\/\/www.bankrate.com\/retirement\/retirement-plan-calculator\/)\n  - [Roth IRA calculator](https:\/\/www.bankrate.com\/retirement\/roth-ira-plan-calculator\/)\n  - [All retirement calculators](https:\/\/www.bankrate.com\/retirement\/calculators\/)\n  - [Retirement resources](https:\/\/www.bankrate.com\/retirement\/)\n  \n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/59a3f533a8\/best-worst-states-for-retirement-nav-imagery.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) Best & worst states for retirement 6 min read](https:\/\/www.bankrate.com\/retirement\/best-and-worst-states-for-retirement\/)\n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/a6b1dc15ca\/how-to-save-for-retirement-nav-imagery.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) How to save for retirement 15 min read](https:\/\/www.bankrate.com\/retirement\/how-to-save-for-retirement\/)\n  \n  Finding an advisor\n  \n  - [Find a financial advisor](https:\/\/www.bankrate.com\/investing\/financial-advisors\/financial-advisor-matching\/)\n  - [Best financial advisors](https:\/\/www.bankrate.com\/investing\/financial-advisors\/best-financial-advisors\/)\n  - [How to choose a financial advisor](https:\/\/www.bankrate.com\/investing\/financial-advisors\/how-to-choose-a-financial-advisor\/)\n  - [Financial planner vs advisor](https:\/\/www.bankrate.com\/investing\/financial-advisors\/financial-advisor-vs-financial-planner\/)\n  \n  Get guidance\n  \n  - [What is financial planning?](https:\/\/www.bankrate.com\/investing\/financial-advisors\/what-is-financial-planning\/)\n  - [What is a fiduciary?](https:\/\/www.bankrate.com\/investing\/financial-advisors\/what-is-a-fiduciary\/)\n  - [What is a CFP?](https:\/\/www.bankrate.com\/investing\/financial-advisors\/what-is-a-certified-financial-planner\/)\n  - [What is wealth management?](https:\/\/www.bankrate.com\/investing\/financial-advisors\/what-is-wealth-management\/)\n  - [Financial advisor resources](https:\/\/www.bankrate.com\/investing\/financial-advisors\/)\n  \n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/1cdbf65950\/what-is-wealth-management-s.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) When to get an advisor 4 min read](https:\/\/www.bankrate.com\/investing\/financial-advisors\/when-to-get-a-financial-advisor\/)\n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/38750a2d5a\/what-is-a-certified-financial-planner-s.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) Pros & cons of financial advising 7 min read](https:\/\/www.bankrate.com\/investing\/financial-advisors\/pros-cons-financial-advisor\/)\n  \n  [Explore all investing resources](https:\/\/www.bankrate.com\/investing\/)\n- [Credit cards](https:\/\/www.bankrate.com\/credit-cards\/)\n  All\n  \n  Credit cards\n  \n  Cards by category\n  \n  Cards by credit\n  \n  Tools & reviews\n  \n  Guides & resources\n  \n  [Explore all credit cards resources](https:\/\/www.bankrate.com\/credit-cards\/)\n  \n  Credit cards\n  \n  Compare cards\n  \n  - [Best cards of 2026](https:\/\/www.bankrate.com\/credit-cards\/best-credit-cards\/)\n  - [Best cash back cards](https:\/\/www.bankrate.com\/credit-cards\/cash-back\/best-cash-back-cards\/)\n  - [Best balance transfer cards](https:\/\/www.bankrate.com\/credit-cards\/balance-transfer\/best-balance-transfer-cards\/)\n  - [Best 0% APR cards](https:\/\/www.bankrate.com\/credit-cards\/zero-interest\/best-zero-interest-cards\/)\n  - [Best travel cards](https:\/\/www.bankrate.com\/credit-cards\/travel\/best-travel-cards\/)\n  - [Best rewards cards](https:\/\/www.bankrate.com\/credit-cards\/rewards\/best-rewards-cards\/)\n  - [Best business cards](https:\/\/www.bankrate.com\/credit-cards\/business\/best-business-cards\/)\n  - [Best sign up bonus cards](https:\/\/www.bankrate.com\/credit-cards\/rewards\/best-bonus-offer-cards\/)\n  \n  Find my matches\n  \n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/4f02ac6944\/cardmatch-nav-imagery.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) CardMatch™ Get personalized card recommendations](https:\/\/www.bankrate.com\/credit-cards\/tools\/cardmatch\/)\n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/10ad7295ae\/card-comparison-tool-nav-imagery.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) Card comparison tool Compare credit cards side-by-side](https:\/\/www.bankrate.com\/credit-cards\/tools\/compare\/)\n  \n  See your card matches\n  \n  Answer a few quick questions and we’ll show you your top credit card options.\n  \n  [Find my matches](https:\/\/www.bankrate.com\/credit-cards\/tools\/cardmatch\/)\n  \n  Compare cards\n  \n  - [Excellent credit](https:\/\/www.bankrate.com\/credit-cards\/rewards\/best-for-excellent-credit\/)\n  - [Good credit](https:\/\/www.bankrate.com\/credit-cards\/building-credit\/best-for-good-credit\/)\n  - [Fair credit](https:\/\/www.bankrate.com\/credit-cards\/building-credit\/best-for-fair-credit\/)\n  - [Bad credit](https:\/\/www.bankrate.com\/credit-cards\/bad-credit\/best-for-bad-credit\/)\n  \n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/2e8651b174\/how-to-build-credit-nav-imagery.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) How to build credit 7 min read](https:\/\/www.bankrate.com\/personal-finance\/credit\/how-to-build-credit-fast\/)\n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/5a53191033\/best-cards-for-building-credit-nav-imagery.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) Best cards for building credit Find out which credit cards could help](https:\/\/www.bankrate.com\/credit-cards\/building-credit\/best-for-no-credit-history\/)\n  \n  See what the experts say\n  \n  Read in-depth credit card reviews to find out which cards have the best perks and more.\n  \n  [Read card reviews](https:\/\/www.bankrate.com\/credit-cards\/reviews\/)\n  \n  Get guidance\n  \n  - [Credit card payoff calculator](https:\/\/www.bankrate.com\/credit-cards\/tools\/credit-card-payoff-calculator\/)\n  - [Balance transfer calculator](https:\/\/www.bankrate.com\/credit-cards\/tools\/credit-card-balance-transfer-calculator\/)\n  - [Credit utilization calculator](https:\/\/www.bankrate.com\/credit-cards\/tools\/credit-utilization-calculator\/)\n  - [Points and miles calculator](https:\/\/www.bankrate.com\/credit-cards\/tools\/points-and-miles-calculator\/)\n  - [All credit card calculators](https:\/\/www.bankrate.com\/credit-cards\/tools\/)\n  \n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/43548bf9cd\/spender-type-tool-nav-imagery.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) Spender type tool Find cards that fit your needs](https:\/\/www.bankrate.com\/credit-cards\/tools\/spender-type-tool\/)\n  \n  Get advice\n  \n  - [Credit cards 101](https:\/\/www.bankrate.com\/credit-cards\/advice\/)\n  - [Balance transfer advice](https:\/\/www.bankrate.com\/credit-cards\/balance-transfer\/)\n  - [Zero interest credit cards](https:\/\/www.bankrate.com\/credit-cards\/zero-interest\/)\n  - [Rewards credit card advice](https:\/\/www.bankrate.com\/credit-cards\/rewards\/)\n  - [Cash back credit card advice](https:\/\/www.bankrate.com\/credit-cards\/cash-back\/)\n  - [Travel credit card advice](https:\/\/www.bankrate.com\/credit-cards\/travel\/)\n  - [Business credit card advice](https:\/\/www.bankrate.com\/credit-cards\/business\/)\n  \n  Build credit\n  \n  - [Advice for bad credit](https:\/\/www.bankrate.com\/credit-cards\/bad-credit\/)\n  - [Rebuilding credit score](https:\/\/www.bankrate.com\/credit-cards\/building-credit\/)\n  \n  [Explore all credit cards resources](https:\/\/www.bankrate.com\/credit-cards\/)\n- [Loans](https:\/\/www.bankrate.com\/loans\/)\n  All\n  \n  Loans\n  \n  Personal loans\n  \n  Auto loans\n  \n  Student loans\n  \n  Small business loans\n  \n  [Explore all loans resources](https:\/\/www.bankrate.com\/loans\/)\n  \n  Loans\n  \n  Compare lenders\n  \n  - [Best personal loans](https:\/\/www.bankrate.com\/loans\/personal-loans\/rates\/)\n  - [Best personal loans for bad credit](https:\/\/www.bankrate.com\/loans\/personal-loans\/bad-credit-loans\/)\n  - [Best debt consolidation loans](https:\/\/www.bankrate.com\/loans\/personal-loans\/debt-consolidation-loans\/)\n  - [Best home improvement loans](https:\/\/www.bankrate.com\/loans\/home-improvement\/rates\/)\n  \n  Get guidance\n  \n  - [Personal loan resources](https:\/\/www.bankrate.com\/loans\/personal-loans\/)\n  - [Personal loan lender reviews](https:\/\/www.bankrate.com\/loans\/personal-loans\/reviews\/)\n  - [Personal loans calculator](https:\/\/www.bankrate.com\/loans\/personal-loans\/personal-loan-calculator\/)\n  - [Average personal loan interest rates](https:\/\/www.bankrate.com\/loans\/personal-loans\/average-personal-loan-rates\/)\n  \n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/38750a2d5a\/what-is-a-certified-financial-planner-s.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) Personal loan basics 9 min read](https:\/\/www.bankrate.com\/loans\/personal-loans\/what-is-a-personal-loan\/)\n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/4c26764452\/how-to-start-saving.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) How to get a personal loan 11 min read](https:\/\/www.bankrate.com\/loans\/personal-loans\/how-to-get-personal-loan\/)\n  \n  Compare lenders\n  \n  - [Best auto loans](https:\/\/www.bankrate.com\/loans\/auto-loans\/rates\/)\n  - [Best auto loan refinance rates](https:\/\/www.bankrate.com\/loans\/auto-loans\/refinance-rates\/)\n  - [Best car loans for bad credit](https:\/\/www.bankrate.com\/loans\/auto-loans\/bad-credit-loans\/)\n  \n  Get guidance\n  \n  - [Auto loan resources](https:\/\/www.bankrate.com\/loans\/auto-loans\/)\n  - [Auto loan lender reviews](https:\/\/www.bankrate.com\/loans\/auto-loans\/reviews\/)\n  - [Auto loan calculator](https:\/\/www.bankrate.com\/loans\/auto-loans\/auto-loan-calculator\/)\n  - [Auto loan refinancing guide](https:\/\/www.bankrate.com\/loans\/auto-loans\/how-to-refinance-car-loan\/)\n  \n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/d1a328a134\/auto-loan-refinancing-guide-nav.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) How to get the best auto loan rate 10 min read](https:\/\/www.bankrate.com\/loans\/auto-loans\/how-to-get-the-best-auto-loan-rate\/)\n  - [![](https:\/\/www.bankrate.com\/f\/102997\/720x720\/c481afa0d2\/auto-loan-refinancing-guide-s.jpg\/m\/50x50\/filters:quality\$90\$:format\$webp\$) Auto loan basics 5 min read](https:\/\/www.bankrate.com\/loans\/auto-loans\/what-is-an-auto-loan\/)\n  \n  Compare lenders\n  \n  - [Student loan rates](https:\/\/www.bankrate.com\/loans\/student-loans\/rates\/)\n  - [Student loan refinancing rates](https:\/\/www.bankrate.com\/loans\/student-loans\/refinance-rates\/)\n  - [Best bad credit student loans](https:\/\/www.bankrate.com\/loans\/student-loans\/bad-credit-loans\/)\n  \n  Get guidance\n  \n  - [Student loan resources](https:\/\/www.bankrate.com\/loans\/student-loans\/)\n  - [Student loan lender reviews](https:\/\/www.bankrate.com\/loans\/student-loans\/reviews\/)\n  - [Student loan calculator](https:\/\/www.bankrate.com\/loans\/student-loans\/student-loan-calculator\/)\n  - [Student loan refinance calculator](https:\/\/www.bankrate.com\/loans\/student-loans\/student-loan-refinance-calculator\/)\n  \n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/3d6f458d84\/how-to-start-investing-nav-imagery.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) Private student loan basics 10 min read](https:\/\/www.bankrate.com\/loans\/student-loans\/private-student-loans-guide\/)\n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/4c26764452\/how-to-start-saving.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) How to get a student loan 11 min read](https:\/\/www.bankrate.com\/loans\/student-loans\/how-to-get-student-loan\/)\n  \n  Compare lenders\n  \n  - [Best small business loans](https:\/\/www.bankrate.com\/loans\/small-business\/best-small-business-loans\/)\n  - [Bad credit small business loans](https:\/\/www.bankrate.com\/loans\/small-business\/bad-credit-business-loans\/)\n  - [Business lines of credit](https:\/\/www.bankrate.com\/loans\/small-business\/business-line-of-credit\/)\n  - [Small business loan banks](https:\/\/www.bankrate.com\/loans\/small-business\/best-banks-for-small-business-loans\/)\n  \n  Get guidance\n  \n  - [Small business loans resources](https:\/\/www.bankrate.com\/loans\/small-business\/)\n  - [Small business loan reviews](https:\/\/www.bankrate.com\/loans\/small-business\/reviews\/)\n  - [Small business loan calculator](https:\/\/www.bankrate.com\/loans\/small-business\/business-loan-calculator\/)\n  \n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/4c26764452\/how-to-start-saving.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) How small business loans work 9 min read](https:\/\/www.bankrate.com\/loans\/small-business\/how-do-small-business-loans-work\/)\n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/38750a2d5a\/what-is-a-certified-financial-planner-s.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) How to get a business loan 9 min read](https:\/\/www.bankrate.com\/loans\/small-business\/how-to-get-a-business-loan\/)\n  \n  [Explore all loans resources](https:\/\/www.bankrate.com\/loans\/)\n- [Home equity](https:\/\/www.bankrate.com\/home-equity\/)\n  All\n  \n  Home equity\n  \n  HELOC\n  \n  Home equity loans\n  \n  [Explore all home equity resources](https:\/\/www.bankrate.com\/home-equity\/)\n  \n  Home equity\n  \n  HELOC\n  \n  A HELOC is a variable-rate line of credit that lets you borrow funds for a set period and repay them later.\n  \n  [HELOC Rates](https:\/\/www.bankrate.com\/home-equity\/heloc-rates\/)\n  \n  Home equity basics\n  \n  - [Best HELOC lenders](https:\/\/www.bankrate.com\/home-equity\/heloc-lenders\/)\n  - [HELOC calculator](https:\/\/www.bankrate.com\/home-equity\/heloc-calculator\/)\n  - [What is a HELOC?](https:\/\/www.bankrate.com\/home-equity\/what-is-heloc\/)\n  - [Pros and cons of HELOCs](https:\/\/www.bankrate.com\/home-equity\/pros-cons-of-home-equity-lines\/)\n  - [Home equity lender reviews](https:\/\/www.bankrate.com\/home-equity\/reviews\/)\n  \n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/e9e92b7729\/home-equity-heloc-guide-nav-imagery.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) What is home equity? 8 min read](https:\/\/www.bankrate.com\/home-equity\/what-is-home-equity\/)\n  - [![Home purchase](https:\/\/www.bankrate.com\/f\/102997\/1280x720\/98576f9f53\/home-purchase.jpeg\/m\/50x50\/filters:quality\$90\$:format\$webp\$) How to calculate home equity 6 min read](https:\/\/www.bankrate.com\/home-equity\/how-to-calculate-equity-in-your-home\/)\n  \n  Home equity loans\n  \n  Home equity loans let you borrow a lump sum at a fixed rate, based on how much of the home you own outright.\n  \n  [Home equity loan rates](https:\/\/www.bankrate.com\/home-equity\/home-equity-loan-rates\/)\n  \n  Get guidance\n  \n  - [What is a home equity loan?](https:\/\/www.bankrate.com\/home-equity\/what-is-home-equity-loan\/)\n  - [Home equity loan pros and cons](https:\/\/www.bankrate.com\/home-equity\/pros-cons-home-equity-loan\/)\n  - [Home equity loan requirements](https:\/\/www.bankrate.com\/home-equity\/requirements-to-borrow-from-home-equity\/)\n  - [HELOC vs home equity loan](https:\/\/www.bankrate.com\/home-equity\/home-equity-loan-vs-line-of-credit\/)\n  - [How to build home equity](https:\/\/www.bankrate.com\/home-equity\/how-to-build-equity-in-your-home\/)\n  \n  - [![](https:\/\/www.bankrate.com\/f\/102997\/721x720\/bad3fd8f56\/heloc-lender-reviews-s.jpg\/m\/50x50\/filters:quality\$90\$:format\$webp\$) Best home equity loan lenders Compare top home equity lenders](https:\/\/www.bankrate.com\/home-equity\/home-equity-loan-lenders\/)\n  - [![CD Rates](https:\/\/www.bankrate.com\/f\/102997\/1920x1080\/2654611691\/cd-rates.jpeg\/m\/50x50\/filters:quality\$90\$:format\$webp\$) Home equity calculator Calculate how much you can borrow](https:\/\/www.bankrate.com\/home-equity\/home-equity-calculator\/)\n  \n  [Explore all home equity resources](https:\/\/www.bankrate.com\/home-equity\/)\n- [Insurance](https:\/\/www.bankrate.com\/insurance\/)\n  All\n  \n  Insurance\n  \n  Auto insurance\n  \n  Home insurance\n  \n  Tools & reviews\n  \n  [Explore all insurance resources](https:\/\/www.bankrate.com\/insurance\/)\n  \n  Insurance\n  \n  Compare rates\n  \n  - [Car insurance quotes](https:\/\/www.bankrate.com\/insurance\/car\/car-insurance-quotes\/)\n  - [Best car insurance companies](https:\/\/www.bankrate.com\/insurance\/car\/best-car-insurance-companies\/)\n  - [Cheapest car insurance companies](https:\/\/www.bankrate.com\/insurance\/car\/cheap-car-insurance-companies\/)\n  - [Compare car insurance rates](https:\/\/www.bankrate.com\/insurance\/car\/average-cost-of-car-insurance\/)\n  \n  Popular states\n  \n  - [California](https:\/\/www.bankrate.com\/insurance\/car\/california\/)\n  - [Florida](https:\/\/www.bankrate.com\/insurance\/car\/florida\/)\n  - [Texas](https:\/\/www.bankrate.com\/insurance\/car\/texas\/)\n  - [Ohio](https:\/\/www.bankrate.com\/insurance\/car\/ohio\/)\n  - [Auto insurance by state](https:\/\/www.bankrate.com\/insurance\/car\/states\/)\n  \n  - [![Person smiling while sitting in car](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/5bfb00cc0b\/auto-insurance-by-state.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) How much is car insurance? Average cost of car insurance](https:\/\/www.bankrate.com\/insurance\/car\/average-cost-of-car-insurance\/)\n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/20e5cbc3e7\/how-much-is-car-insurance-nav.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) Car insurance resources Learn more about car insurance](https:\/\/www.bankrate.com\/insurance\/car\/)\n  \n  Compare rates\n  \n  - [Home insurance quotes](https:\/\/www.bankrate.com\/insurance\/homeowners-insurance\/home-insurance-quotes\/)\n  - [Best home insurance companies](https:\/\/www.bankrate.com\/insurance\/homeowners-insurance\/best-home-insurance-companies\/)\n  - [Cheapest home insurance companies](https:\/\/www.bankrate.com\/insurance\/homeowners-insurance\/cheap-homeowners-insurance\/)\n  - [Best home and auto bundles](https:\/\/www.bankrate.com\/insurance\/car-and-home-insurance-bundle\/)\n  \n  Popular states\n  \n  - [California](https:\/\/www.bankrate.com\/insurance\/homeowners-insurance\/california\/)\n  - [Florida](https:\/\/www.bankrate.com\/insurance\/homeowners-insurance\/florida\/)\n  - [Texas](https:\/\/www.bankrate.com\/insurance\/homeowners-insurance\/texas\/)\n  - [New Jersey](https:\/\/www.bankrate.com\/insurance\/homeowners-insurance\/new-jersey\/)\n  - [Home insurance by state](https:\/\/www.bankrate.com\/insurance\/homeowners-insurance\/states\/)\n  \n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/8af9dfc8a2\/home-insurance-by-state-nav-imagery.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) Home insurance cost Average cost of home insurance](https:\/\/www.bankrate.com\/insurance\/homeowners-insurance\/homeowners-insurance-cost\/)\n  - [![](https:\/\/www.bankrate.com\/f\/102997\/1440x1440\/e85a91b40b\/how-much-is-home-insurance-nav-imagery.png\/m\/50x50\/filters:quality\$90\$:format\$webp\$) Home insurance resources Learn more about home insurance](https:\/\/www.bankrate.com\/insurance\/homeowners-insurance\/)\n  \n  Calculators\n  \n  - [Car insurance calculator](https:\/\/www.bankrate.com\/insurance\/car\/car-insurance-calculator\/)\n  - [Home insurance calculator](https:\/\/www.bankrate.com\/insurance\/homeowners-insurance\/home-insurance-calculator\/)\n  \n  Get guidance\n  \n  - [Allstate insurance review](https:\/\/www.bankrate.com\/insurance\/reviews\/allstate\/)\n  - [Progressive insurance review](https:\/\/www.bankrate.com\/insurance\/reviews\/progressive\/)\n  - [State Farm insurance review](https:\/\/www.bankrate.com\/insurance\/reviews\/state-farm\/)\n  - [Travelers insurance review](https:\/\/www.bankrate.com\/insurance\/reviews\/travelers\/)\n  - [Lemonade insurance review](https:\/\/www.bankrate.com\/insurance\/reviews\/lemonade\/)\n  \n  - [![Design element two people looking at a car](https:\/\/www.bankrate.com\/f\/102997\/475x270\/8e81cf93f6\/insurance_best_car_insurance_companies.webp\/m\/50x50\/filters:quality\$90\$:format\$webp\$) All insurance company reviews Browse insurance carrier reviews](https:\/\/www.bankrate.com\/insurance\/reviews\/)\n  \n  [Explore all insurance resources](https:\/\/www.bankrate.com\/insurance\/)\n\n**Popular searches**\n\n- [Mortgage rates](https:\/\/www.bankrate.com\/mortgages\/mortgage-rates\/)\n- [Balance transfer credit cards](https:\/\/www.bankrate.com\/credit-cards\/balance-transfer\/best-balance-transfer-cards\/)\n- [Car insurance quotes](https:\/\/www.bankrate.com\/insurance\/car\/car-insurance-quotes\/)\n\n**Tools**\n\n- [Mortgage calculator](https:\/\/www.bankrate.com\/mortgages\/mortgage-calculator\/)\n- [Loan calculator](https:\/\/www.bankrate.com\/loans\/loan-calculator\/)\n- [CD calculator](https:\/\/www.bankrate.com\/banking\/cds\/cd-calculator\/)\n\n1. [banking](https:\/\/www.bankrate.com\/banking\/)  ›\n2. [savings](https:\/\/www.bankrate.com\/banking\/savings\/)  ›\n3. How to save money: 14 easy tips\n\nAdvertiser Disclosure\n\n# How to save money: 14 easy tips\n![Karen Bennett](https:\/\/www.bankrate.com\/2021\/07\/01152801\/Karen_Bennett_headshot.jpg?auto=webp&quality=85&width=24&height=24&fit=cover&enable=upscale&crop=1:1,smart) ![Rhys Subitch](https:\/\/www.bankrate.com\/brp\/2024\/07\/18182829\/Rhys-Subitch-pfp-update-1.png?auto=webp&quality=85&width=24&height=24&fit=cover&enable=upscale&crop=1:1,smart) ![Allyson Johnson](https:\/\/www.bankrate.com\/2021\/04\/06144642\/allyson-johnson-edit.jpg?auto=webp&quality=85&width=24&height=24&fit=cover&enable=upscale&crop=1:1,smart)\n\nWritten by\n\nKaren Bennett\n\n,\n\n![](https:\/\/www.bankrate.com\/2021\/07\/01152801\/Karen_Bennett_headshot.jpg?auto=webp&quality=85&width=64&height=64&fit=cover&enable=upscale&crop=1:1,smart)\n\n[Karen Bennett](https:\/\/www.bankrate.com\/authors\/karen-bennett\/)\n\nConsumer Banking Reporter\n\nExpertise\n\n- •  Consumer banking\n- •  Savings accounts\n\nKaren Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021.\n\n[Read more](https:\/\/www.bankrate.com\/authors\/karen-bennett\/)\n\n- [Connect with Karen Bennett on Twitter](https:\/\/twitter.com\/@Karen0077)\n- [Connect with Karen Bennett on LinkedIn](https:\/\/www.linkedin.com\/in\/karen-bennett-bankrate\/)\n\nClose\n\n[Karen Bennett](https:\/\/www.bankrate.com\/authors\/karen-bennett\/),\n\nEdited by\n\nRhys Subitch\n\n,\n\n![](https:\/\/www.bankrate.com\/brp\/2024\/07\/18182829\/Rhys-Subitch-pfp-update-1.png?auto=webp&quality=85&width=64&height=64&fit=cover&enable=upscale&crop=1:1,smart)\n\n[Rhys Subitch](https:\/\/www.bankrate.com\/authors\/rhys-subitch\/)\n\nEditor, Deposits\n\nCredentials\n\n- •  Certified Financial Education Instructor (CFEI®)\n\nExpertise\n\n- •  Personal finance\n- •  Savings accounts\n\n10 Years of personal finance experience\n\nRhys Subitch is a Bankrate editor who supports an editorial team dedicated to developing educational content about personal banking products for every part of life.\n\n[Read more](https:\/\/www.bankrate.com\/authors\/rhys-subitch\/)\n\n- [Connect with Rhys Subitch on LinkedIn](https:\/\/www.linkedin.com\/in\/rhyssubitch\/)\n- [Get in contact with Rhys Subitch via Email](mailto:rsubitch@redventures.com)\n\nClose\n\n[Rhys Subitch](https:\/\/www.bankrate.com\/authors\/rhys-subitch\/),\n\nReviewed by\n\nAllyson Johnson\n\n,\n\n![](https:\/\/www.bankrate.com\/2021\/04\/06144642\/allyson-johnson-edit.jpg?auto=webp&quality=85&width=64&height=64&fit=cover&enable=upscale&crop=1:1,smart)\n\n[Allyson Johnson](https:\/\/www.bankrate.com\/authors\/allyson-johnson\/)\n\nHead of investor relations, Gateway Partners\n\nAllyson Johnson leads marketing and fundraising for Gateway Partners. She is a CAIA charter holder and has passed the CFA Level II examination. She is a former member of Bankrate's Expert Review Board.\n\n[Read more](https:\/\/www.bankrate.com\/authors\/allyson-johnson\/)\n\n- [Connect with Allyson Johnson on LinkedIn](https:\/\/www.linkedin.com\/in\/allyson-johnson-caia\/)\n\n[About our review board](https:\/\/www.bankrate.com\/financial-review-board\/)\n\nClose\n\n[Allyson Johnson](https:\/\/www.bankrate.com\/authors\/allyson-johnson\/),\n\nExpert verified\n\nHow is this page expert verified?\n\nAt Bankrate, we take the accuracy of our content seriously.\n\n“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced.\n\nTheir reviews hold us accountable for publishing high-quality and trustworthy content.\n\n[About our Review Board](https:\/\/www.bankrate.com\/financial-review-board\/)\n\nClose\n\n[Expert verified](https:\/\/www.bankrate.com\/financial-review-board\/)\n\nPublished on January 31, 2026 \\| 7 min read\n\nBankrate is always editorially independent. While we adhere to strict editorial integrity , this post may contain references to products from our partners. Here's an explanation for how we make money . Our Bankrate promise is to ensure everything we publish is objective, accurate and trustworthy.\n\n![](https:\/\/www.bankrate.com\/brp\/2025\/01\/04134522\/Deposits-14-easy-tips-to-help-you-save-money-without-going-to-a-lot-of-effort.jpg?auto=webp&optimize=high&crop=16:9)\n\nTable of contents\n\n- [Review your spending habits](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#review-spending)\n- [Automate your savings](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#automate-savings)\n- [Use cash-back apps](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#cash-back-apps)\n- [Reconsider your mobile provider](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#reconsider-mobile-provider)\n- [Turn off notifications that tempt you to spend money](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#turn-off-notifications)\n- [Shrink your utility bills — or avoid letting them grow](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#shrink-utilities)\n- [Evaluate your entertainment expenses](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#evaluate-expenses)\n- [Take advantage of free local attractions](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#free-local-attractions)\n- [Be a strategic grocery shopper](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#be-strategic)\n- [Break up with brand names](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#brand-names)\n- [Explore other banking options](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#banking-options)\n- [Compare car insurance rates](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#car-insurance-rates)\n- [Use coupons and promotional codes](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#use-coupons)\n- [Challenge yourself to a spending freeze](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#spending-freeze)\n- [FAQs](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#faq)\n\nTable of contents\n\nBack to top\n\n## Key takeaways\n- Only 46% of U.S. adults have enough emergency savings to cover three months of expenses, making saving money more crucial than ever.\n- Automatic transfers to a high-yield savings account earning around 4% APY can help build emergency funds without extra effort.\n- Cash-back apps and comparison shopping can save hundreds annually on everyday purchases like groceries, gas, and insurance.\n- Simple changes like switching to generic brands, negotiating bills and using coupons can free up significant money for savings.\n\nSaving money in the current economic environment likely feels overwhelming. And the data supports how much of a struggle it is — only 46% of U.S. adults have enough emergency savings to cover three months of expenses, according to [Bankrate’s Emergency Savings Report](https:\/\/www.bankrate.com\/banking\/savings\/emergency-savings-report\/). With 24% having no emergency savings at all, finding ways to cut expenses and build savings has become essential for financial security.\n\nThe challenge isn’t just about earning more — it’s also about saving smarter. Even small changes to your spending habits can add up to significant savings over time. Whether you’re building your first emergency fund or trying to reach a specific savings goal, these proven strategies can help you keep more money in your pocket.\n\n## 1\\. Review your spending habits\nBefore implementing any money-saving strategies, you need a clear picture of where your money currently goes. Most banks and credit card companies provide categorized spending reports through their online platforms or mobile apps, showing you exactly how much you’re spending on groceries, entertainment, utilities and other categories.\n\nLearn more:  [Bank accounts that come with built-in budgeting tools](https:\/\/www.bankrate.com\/banking\/bank-accounts-with-budgeting-tools\/)\n\n- **Track everything for at least one month:** Review bank statements, credit card bills and cash receipts to understand your spending patterns. Many people are surprised to discover they’re spending far more than expected on subscription services, dining out or impulse purchases.\n- **Identify spending leaks:** Look for recurring charges you forgot about, subscriptions you no longer use or categories where you’re consistently overspending. Common culprits include streaming services, gym memberships and automatic renewals for apps or software you rarely use.\n\n![](https:\/\/navi.cohesionapps.com\/display?write_key=wk_2M3TlVcWbz8i1RTZjLkSmbWfyQC&adId=b332facc14&req=https%3A%2F%2Fwww.bankrate.com%2Fbanking%2Fsavings%2Fhow-to-save-money%2F&ref=)\n\n## 2\\. Automate your savings\nSetting up automatic transfers from your checking to your savings account each payday removes the temptation to spend money before saving it. This “pay yourself first” approach ensures consistent saving without requiring ongoing willpower or decision making.\n\nFirst, calculate your monthly expenses and determine how much you can realistically save each month. Consider automatically transferring a percentage of each paycheck — such as 10% or 20% — rather than a fixed dollar amount. This approach scales your savings as your income fluctuates and helps build the habit of living below your means.\n\nMany budgeting apps can track spending, issue overspending alerts and automate savings transfers. Apps like YNAB (You Need A Budget) and Rocket Money can help coordinate your spending and saving goals in one platform.\n\nCompare:  [Bankrate’s picks for best money-saving apps](https:\/\/www.bankrate.com\/banking\/savings\/ai-apps-to-help-you-save-money\/)\n\n## 3\\. Use cash-back apps and credit card rewards\nCash-back apps can reduce your overall spending on purchases you’re already making. These tools work best when used strategically for planned purchases rather than encouraging additional spending.\n\nIf you pay off credit card balances in full each month, [cash back credit cards](https:\/\/www.bankrate.com\/credit-cards\/cash-back\/best-cash-back-cards\/) can provide 1% to 6% back on purchases. Stack cash-back apps with rewards credit cards for double savings.\n\nCompare:  [Best cash back apps on the market today](https:\/\/www.bankrate.com\/credit-cards\/cash-back\/best-cash-back-apps\/)\n\n## 4\\. Reconsider your mobile provider\nCell phone plans often include features and data allowances far beyond most users’ actual needs. With increased competition among mobile providers, switching carriers can provide significant monthly savings without sacrificing service.\n\nCompanies like Mint Mobile, Visible and Ting Mobile are known for offering plans that are cheaper than major carriers while using the same cellular networks. It pays to research coverage in your area and compare plan features to find the best value. Plus, check your phone’s data usage statistics to determine how much data you actually use monthly. If you primarily use Wi-Fi at home and work, you may be paying for more data than necessary.\n\nIf multiple family members need service, family plans from both major and smaller carriers often provide better per-line pricing than individual plans. But before switching, call your current carrier to discuss potentially lowering your monthly bill. Many providers offer retention discounts to customers considering switching to competitors.\n\n## 5\\. Turn off store promotion notifications\nYour smartphone can be a powerful money-saving tool, but it can also trigger impulse purchases through promotional notifications, deal alerts and targeted advertising. Taking control of these digital spending triggers can significantly reduce unplanned purchases. This includes:\n\n- Unsubscribe from promotional emails.\n- Disable app notifications.\n- Remove shopping apps from your phone.\n## 6\\. Shrink your utility bills\nHome utility costs continue rising, but several changes can reduce your monthly bills without significantly impacting your comfort or convenience:\n\n- **LED lighting savings:** The [U.S. Department of Energy estimates](https:\/\/www.energy.gov\/energysaver\/lighting-choices-save-you-money) that switching to LED bulbs can save the average household around \\$225 annually.\n- **Seal air leaks:** You can save up to 20% on heating and cooling costs by sealing air leaks and adding insulation. Many utility companies offer free energy audits to identify the most impactful improvements for your home.\n- **Smart thermostat benefits:** Programmable and smart thermostats can reduce heating and cooling costs by automatically adjusting temperatures when you’re away from home.\n- **Water conservation:** Installing low-flow showerheads, fixing leaks promptly, and watering lawns during cooler morning hours can significantly reduce water bills.\n- **Energy assistance programs:** The federal Low Income Home Energy Assistance Program (LIHEAP) helps eligible households pay energy bills, weatherize homes and make energy-related repairs. Check your local utility companies for additional rebate programs.\n## 7\\. Evaluate your entertainment expenses\nEntertainment subscriptions can quickly add up to \\$100 or more monthly. Regularly reviewing and optimizing these services can free up significant money for savings.\n\nInstead of paying for multiple streaming services simultaneously, consider rotating subscriptions monthly or seasonally. Services like Sling TV, Hulu and Fubo often cost less than traditional cable packages while offering access to popular content. If you’re already an Amazon Prime member, take advantage of the included Prime Video streaming service and Prime Music to potentially eliminate other subscription costs.\n\nPublic libraries offer free access to more than just physical books. You may be able to use your local library to check out movies, music, audiobooks and digital content through apps like Libby.\n\n## 8\\. Take advantage of free local attractions\nA little research can help you find fun, affordable attractions and activities in your local area. For instance, some museums and art galleries offer free admission on certain days of the week or month. Libraries may offer passes to parks, zoos or museums on a first-come, first-served basis. Or you can just head outdoors for a hike, bike ride or picnic.\n\nYour bank may even offer free access to attractions. For example, [Bank of America’s Museums on Us](https:\/\/about.bankofamerica.com\/en\/making-an-impact\/museums-on-us-partners) program gives the bank’s debit and credit card holders complimentary access to around 240 cultural institutions across the country.\n\n## 9\\. Be a strategic grocery shopper\nWhile you’ll need to keep buying food despite higher prices, you can learn [how to save money on groceries](https:\/\/www.bankrate.com\/banking\/savings\/ways-to-save-money-on-groceries\/). One method is to avoid throwing away unused food. For a U.S. household of four, the annual cost of food waste is around \\$2,913, or \\$56 per week, according to the [Environmental Protection Agency (EPA)](https:\/\/www.epa.gov\/system\/files\/documents\/2025-04\/costoffoodwastereport_508.pdf).\n\nAAs you make your grocery list, think about what you threw away last time and how to avoid letting that happen again. Planning out your upcoming meals can help you avoid buying things you don’t need — and avoid waste, in turn. Also, take a tour of your pantry first and build your meals around what you already bought.\n\n## 10\\. Break up with brand names\nSpeaking of groceries, consider whether you really need to pay for expensive brand-name foods. A comparison of ingredients and labels on things like noodles, cereal and spices may show generic alternatives to be just as nutritious and high-quality as their top-shelf counterparts.\n\nThe same concept can apply to non-food items such as paper products, hand soap and laundry detergent. Try to find more affordable alternatives for any such brand-name household items you buy. You can always switch back to your original choice if you’re not happy with the lower-priced alternative.\n\n## 11\\. Explore other banking options\nBanking fees can [drain hundreds of dollars annually](https:\/\/www.bankrate.com\/banking\/avoid-bank-fees-and-penalties\/) from your accounts. Shopping for better banking options can eliminate these unnecessary costs:\n\n- **Monthly maintenance fee waivers:** Online banks like [Ally Bank](https:\/\/www.bankrate.com\/banking\/reviews\/ally-bank\/) and [Marcus by Goldman Sachs](https:\/\/www.bankrate.com\/banking\/reviews\/marcus\/) typically don’t charge monthly maintenance fees on checking or savings accounts. They also frequently offer higher interest rates than traditional banks.\n- **High-yield savings benefits:** Online [high-yield savings accounts](https:\/\/www.bankrate.com\/banking\/savings\/best-high-yield-interests-savings-accounts\/) currently offer rates around 4.00% APY, compared to the national average of 0.59%. Moving \\$10,000 from a traditional savings account to a high-yield account could earn an additional \\$300 or more annually.\n- **ATM fee reimbursements:** Many online banks and credit unions [reimburse ATM fees](https:\/\/www.bankrate.com\/banking\/these-banks-reimburse-atm-fees\/) charged by other banks, potentially saving \\$5 to \\$15 monthly for frequent ATM users.\n- **CD and money market options:** If you have funds you won’t need for several months or years, [certificates of deposit (CDs)](https:\/\/www.bankrate.com\/banking\/cds\/cd-rates\/) and [money market accounts](https:\/\/www.bankrate.com\/banking\/money-market\/rates\/) from online institutions often provide significantly higher returns than traditional savings accounts.\n## 12\\. Compare car insurance rates\nIf you have a track record of safe driving, it can pay to shop around for a good insurance provider that will reward you for your responsible behavior. [Compare other car insurance quotes](https:\/\/www.bankrate.com\/insurance\/car\/average-cost-of-car-insurance\/) with what you currently pay to see how much you can lower your premiums for the same amount of coverage.\n\nThose who don’t spend much time behind the wheel may be able to cut costs by going with [usage-based insurance](https:\/\/www.bankrate.com\/insurance\/car\/usage-based-insurance\/), which can tailor your coverage to fit how much you actually use your vehicle.\n\n## 13\\. Use coupons and promotional codes\nCouponing might sound old-school, but finding deals doesn’t always require clipping portions of the Sunday newspaper. When you’re shopping online, take a few minutes to search for a coupon code when websites offer a “promo code” box on the checkout page.\n\n[Browser extensions like Rakuten](https:\/\/www.bankrate.com\/credit-cards\/cash-back\/best-cash-back-apps\/#shopping) and Coupert automatically search for online coupons while you shop. Capital One Shopping is another tool that can find online deals automatically, and it’s available to everyone — not just Capital One customers. It works by searching for coupon codes, best prices and rewards at more than 100,000 online retailers.\n\n## 14\\. Challenge yourself to a spending freeze\nTry taking control of your finances by embarking on a spending freeze — also known as a [no-buy challenge](https:\/\/www.bankrate.com\/banking\/no-buy-challenges-in-2025\/) — during which you cut all unnecessary spending for a set period. This could give you a sense of how much you’re spending on nonessentials like trips to the coffee shop. Add the extra money you have at the end of the month to your savings or use it to pay down debt.\n\n## Bottom line\nIf you’re serious about reaching your financial goals, our 14 tips on saving money offer you a good starting point. Now that you have a basic understanding of how to save money, it’s a good idea to plan where you’ll allocate your savings — and put your plan into action.\n\nFor example, if you want to bulk up your emergency fund, transfer any savings out of your checking account each week or month so you’re less likely to spend it. If you need to pay down debt, create additional payments that automatically come out of your bank account. Whatever your goals, make the process of saving as effortless as possible.\n\n## Frequently asked questions\n- ### What is the 30-day rule?\n  The [30-day rule](https:\/\/www.bankrate.com\/banking\/savings\/30-day-savings-rule\/) is a simple strategy of holding off for 30 days before making a nonessential purchase. By waiting, you’ll give yourself a chance to consider whether you want and need the item, whether you can truly afford it and if your money should be allocated toward a higher priority instead.\n- ### What are some ways to save money yearly?\n  Look to your retirement account and tax refund for ways to increase your savings each year. Steps to do so include these ideas:\n  \n  - **Take advantage of an employer match for your 401(k)**. Many [employers match](https:\/\/www.bankrate.com\/retirement\/401k-match\/) up to a certain amount of what you put into your 401(k) based on how much you contribute. Get the most for your money by contributing enough to receive the full employer match.\n  - **Open an individual retirement account (IRA)**. A traditional or [Roth IRA](https:\/\/www.bankrate.com\/retirement\/roth-ira\/) is another place to invest in your retirement, and they each have certain tax advantages. Unlike 401(k) accounts, IRA accounts are not administered through an employer. They’re commonly offered by banks, credit unions, brokerage firms and mutual fund companies.\n  - **Save or invest your tax return**. If you’re getting an annual tax refund from the IRS, consider putting it into a savings account or investing it.\n- ### How can I build an emergency fund?\n  An [emergency fund](https:\/\/www.bankrate.com\/banking\/savings\/starting-an-emergency-fund\/) can help keep you from going into debt when unexpected costs arise. To get started with building up your emergency savings:\n  \n  - Create a budget and pay attention to areas where you can start saving more money.\n  - Open a high-yield savings account, if you don’t already have one. Setting up automatic transfers to this account every payday helps ensure you’ll continue to save money.\n  - Save unexpected income or any windfalls, such as tax returns or work bonuses.\n  - Aim to save at least three to six months’ worth of expenses in your emergency fund.\n- ### What is the 50\/30\/20 budget rule?\n  This [simple budgeting strategy](https:\/\/www.bankrate.com\/banking\/what-is-the-50-30-20-rule\/) involves setting aside 50% of your monthly income for needs, 30% for wants and 20% for savings. Allocating your money into these three buckets can be a simple and effective way to change your spending and saving habits.\n\nDid you find this page helpful?\n\n**Why we ask for feedback** Your feedback helps us improve our content and services. It takes less than a minute to complete.\n\nYour responses are anonymous and will only be used for improving our website.\n\nHelp us improve our content\n\nYes\n\nNo\n\nThank you for your feedback\\!\n\nYour input helps us improve our content and services.\n\nCite us\n\nShare this article\n\nShare this article\n\nClose\n\n![](https:\/\/www.bankrate.com\/2021\/07\/01152801\/Karen_Bennett_headshot.jpg?auto=webp&quality=85&width=96&height=96&fit=cover&enable=upscale&crop=1:1,smart)\n\nWritten by\n\n[Karen Bennett](https:\/\/www.bankrate.com\/authors\/karen-bennett\/)\n\nConsumer Banking Reporter\n\n- [Connect with Karen Bennett on Twitter](https:\/\/twitter.com\/@Karen0077)\n- [Connect with Karen Bennett on LinkedIn](https:\/\/www.linkedin.com\/in\/karen-bennett-bankrate\/)\n\n[Read more from Karen](https:\/\/www.bankrate.com\/authors\/karen-bennett\/)\n\nKaren Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021.\n\n![](https:\/\/www.bankrate.com\/brp\/2025\/01\/04134522\/Deposits-14-easy-tips-to-help-you-save-money-without-going-to-a-lot-of-effort.jpg?auto=webp&optimize=high&crop=16:9)\n\nBankrate is always editorially independent. While we adhere to strict editorial integrity , this post may contain references to products from our partners. Here's an explanation for how we make money . Our Bankrate promise is to ensure everything we publish is objective, accurate and trustworthy.\n\nTable of contents\n\n- [Review your spending habits](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#review-spending)\n- [Automate your savings](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#automate-savings)\n- [Use cash-back apps](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#cash-back-apps)\n- [Reconsider your mobile provider](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#reconsider-mobile-provider)\n- [Turn off notifications that tempt you to spend money](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#turn-off-notifications)\n- [Shrink your utility bills — or avoid letting them grow](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#shrink-utilities)\n- [Evaluate your entertainment expenses](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#evaluate-expenses)\n- [Take advantage of free local attractions](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#free-local-attractions)\n- [Be a strategic grocery shopper](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#be-strategic)\n- [Break up with brand names](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#brand-names)\n- [Explore other banking options](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#banking-options)\n- [Compare car insurance rates](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#car-insurance-rates)\n- [Use coupons and promotional codes](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#use-coupons)\n- [Challenge yourself to a spending freeze](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#spending-freeze)\n- [FAQs](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#faq)\n\nBack to top\n\n## You may also like\n![A woman does her budgeting.](https:\/\/www.bankrate.com\/2020\/10\/12150537\/save-per-month.jpeg)\n\n[How much should I save each month?](https:\/\/www.bankrate.com\/banking\/savings\/how-much-money-should-i-save-each-month\/)\n\nSavings\n\nBy [Sheiresa McRae Ngo, CEPF®](https:\/\/www.bankrate.com\/authors\/sheiresa-mcrae-ngo-cepf\/)\n\n5 min read\n\n![Computer artwork of a businessman looking at giant, white piggy bank.](https:\/\/www.bankrate.com\/brp\/2025\/09\/16183522\/Big-Savings-Getty-300x169.jpg)\n\n[Want to grow your savings? Try treating yourself like a bank](https:\/\/www.bankrate.com\/banking\/savings\/treat-yourself-like-a-bank\/)\n\nSavings\n\nBy [Matthew Doffing](https:\/\/www.bankrate.com\/authors\/matthew-doffing\/)\n\n5 min read\n\n![Young business woman working at the office on a laptop](https:\/\/www.bankrate.com\/2023\/07\/31135103\/How-to-save-10000-in-a-year.jpeg)\n\n[How to save \\$10,000 in a year](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-10000\/)\n\nSavings\n\nBy [René Bennett](https:\/\/www.bankrate.com\/authors\/rene-bennett\/)\n\n6 min read\n\n![Elderly woman connected to the internet at home](https:\/\/www.bankrate.com\/2022\/08\/08095431\/how-to-protect-savings-high-inflation.jpg)\n\n[How to save money during inflation: 6 Tips and Strategies](https:\/\/www.bankrate.com\/personal-finance\/ways-to-protect-your-savings-from-inflation\/)\n\nPersonal Finance\n\nBy [René Bennett](https:\/\/www.bankrate.com\/authors\/rene-bennett\/)\n\n5 min read\n\n## [Bankrate logo](https:\/\/www.bankrate.com\/)\n### About\n- [About us](https:\/\/www.bankrate.com\/about\/)\n- [Leadership](https:\/\/www.bankrate.com\/leadership\/)\n- [Press room](https:\/\/www.bankrate.com\/press-releases\/)\n- [Bankrate Data Center](https:\/\/www.bankrate.com\/data-center\/)\n- [Careers](https:\/\/www.bankrate.com\/careers\/)\n- [Site map](https:\/\/www.bankrate.com\/corporate\/site-map\/)\n\n### Help\n- [Compare rates](https:\/\/www.bankrate.com\/compare-rates\/)\n- [Latest news](https:\/\/www.bankrate.com\/news\/)\n- [Popular topics](https:\/\/www.bankrate.com\/popular-finance-topics\/)\n- [Advertise with us](https:\/\/www.bankrate.com\/media-kit\/)\n\n### Legal\n- [Privacy policy](https:\/\/www.bankrate.com\/privacy\/)\n- Cookie settings\n- [Do Not Sell or Share My Personal Information](https:\/\/www.bankrate.com\/do-not-sell-or-share-my-personal-information\/)\n- [Consumer Health Information Privacy Policy](https:\/\/www.bankrate.com\/consumer-health-information-privacy-policy\/)\n- [Understanding Bankrate’s averages](https:\/\/www.bankrate.com\/understanding-bankrates-rate-averages\/)\n- [Terms of use](https:\/\/www.bankrate.com\/terms\/)\n- [GLBA annual notice](https:\/\/www.bankrate.com\/glba-notice\/)\n- [California Consumer Financial Privacy Notice](https:\/\/www.bankrate.com\/2022\/02\/15094901\/california-notice.pdf)\n- [Licenses](https:\/\/www.bankrate.com\/licenses\/)\n\n### How we make money\nBankrate.com is an independent, advertising-supported publisher and comparison service. Our websites may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened. Therefore, this compensation may impact what products appear and how, where, and in what order they appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.\n\nBankrate, LLC NMLS ID\\# 1427381 \\| [NMLS Consumer Access](http:\/\/www.nmlsconsumeraccess.org\/EntityDetails.aspx\/COMPANY\/1427381)  \n BR Tech Services, Inc. NMLS ID \\#1743443 \\| [NMLS Consumer Access](http:\/\/www.nmlsconsumeraccess.org\/EntityDetails.aspx\/COMPANY\/1743443)\n\n© 2026 Bankrate, LLC. A Red Ventures company. All Rights Reserved.\n\n### Advertiser Disclosure\nWe are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.\n\nBankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.\n\n### How We Make Money\nThe offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.\n\n## The Bankrate promise\nFounded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next.\n\nBankrate follows a strict [editorial policy](https:\/\/www.bankrate.com\/editorial-guidelines\/ \"editorial policy\"), so you can trust that we’re putting your interests first. All of our content is authored by [highly qualified professionals](https:\/\/www.bankrate.com\/authors\/ \"highly qualified professionals\") and edited by [subject matter experts](https:\/\/www.bankrate.com\/financial-review-board\/ \"subject matter experts\"), who ensure everything we publish is objective, accurate and trustworthy.\n\nOur banking reporters and editors focus on the points consumers care about most — the best banks, latest rates, different types of accounts, money-saving tips and more — so you can feel confident as you’re managing your money.\n\n## Editorial integrity\nBankrate follows a strict [editorial policy](https:\/\/www.bankrate.com\/editorial-guidelines\/ \"editorial policy\"), so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Here is a list of our [banking partners](https:\/\/www.bankrate.com\/banking\/our-partners\/ \"our banking partners\").\n\n### Key Principles\nWe value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.\n\n### Editorial Independence\nBankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.\n\n## How we make money\nYou have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.\n\nBankrate follows a strict [editorial policy](https:\/\/www.bankrate.com\/editorial-guidelines\/ \"editorial policy\"), so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.\n\nWe’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.\n\nBankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.\n\nTable of contents\n\n- [Review your spending habits](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#review-spending)\n- [Automate your savings](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#automate-savings)\n- [Use cash-back apps](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#cash-back-apps)\n- [Reconsider your mobile provider](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#reconsider-mobile-provider)\n- [Turn off notifications that tempt you to spend money](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#turn-off-notifications)\n- [Shrink your utility bills — or avoid letting them grow](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#shrink-utilities)\n- [Evaluate your entertainment expenses](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#evaluate-expenses)\n- [Take advantage of free local attractions](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#free-local-attractions)\n- [Be a strategic grocery shopper](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#be-strategic)\n- [Break up with brand names](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#brand-names)\n- [Explore other banking options](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#banking-options)\n- [Compare car insurance rates](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#car-insurance-rates)\n- [Use coupons and promotional codes](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#use-coupons)\n- [Challenge yourself to a spending freeze](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#spending-freeze)\n- [FAQs](https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/#faq)\n\n**Quick citation guide**   Select a citation to automatically copy to clipboard.\n\n**APA:**  Bennett, K. (2026, January 31). *How to save money: 14 easy tips.* Bankrate. Retrieved April 19, 2026, from https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/\n\nCopied to clipboard\\!\n\n**MLA:**  Bennett, Karen. \"How to save money: 14 easy tips.\" *Bankrate*. 31 January 2026, https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/.\n\nCopied to clipboard\\!\n\n**Chicago:**  Bennett, Karen. \"How to save money: 14 easy tips.\" Bankrate. January 31, 2026. https:\/\/www.bankrate.com\/banking\/savings\/how-to-save-money\/.\n\nCopied to clipboard\\!\n\n![](https:\/\/www.facebook.com\/tr?id=1805085980359671&ev=PageView&noscript=1)\n\n![](https:\/\/www.facebook.com\/tr?id=1564326531369118&ev=PageView&noscript=1)","attrs_readable_markdown":"## Key takeaways\n- Only 46% of U.S. adults have enough emergency savings to cover three months of expenses, making saving money more crucial than ever.\n- Automatic transfers to a high-yield savings account earning around 4% APY can help build emergency funds without extra effort.\n- Cash-back apps and comparison shopping can save hundreds annually on everyday purchases like groceries, gas, and insurance.\n- Simple changes like switching to generic brands, negotiating bills and using coupons can free up significant money for savings.\n\nSaving money in the current economic environment likely feels overwhelming. And the data supports how much of a struggle it is — only 46% of U.S. adults have enough emergency savings to cover three months of expenses, according to [Bankrate’s Emergency Savings Report](https:\/\/www.bankrate.com\/banking\/savings\/emergency-savings-report\/). With 24% having no emergency savings at all, finding ways to cut expenses and build savings has become essential for financial security.\n\nThe challenge isn’t just about earning more — it’s also about saving smarter. Even small changes to your spending habits can add up to significant savings over time. Whether you’re building your first emergency fund or trying to reach a specific savings goal, these proven strategies can help you keep more money in your pocket.\n\n## 1\\. Review your spending habits\nBefore implementing any money-saving strategies, you need a clear picture of where your money currently goes. Most banks and credit card companies provide categorized spending reports through their online platforms or mobile apps, showing you exactly how much you’re spending on groceries, entertainment, utilities and other categories.\n\n- **Track everything for at least one month:** Review bank statements, credit card bills and cash receipts to understand your spending patterns. Many people are surprised to discover they’re spending far more than expected on subscription services, dining out or impulse purchases.\n- **Identify spending leaks:** Look for recurring charges you forgot about, subscriptions you no longer use or categories where you’re consistently overspending. Common culprits include streaming services, gym memberships and automatic renewals for apps or software you rarely use.\n## 2\\. Automate your savings\nSetting up automatic transfers from your checking to your savings account each payday removes the temptation to spend money before saving it. This “pay yourself first” approach ensures consistent saving without requiring ongoing willpower or decision making.\n\nFirst, calculate your monthly expenses and determine how much you can realistically save each month. Consider automatically transferring a percentage of each paycheck — such as 10% or 20% — rather than a fixed dollar amount. This approach scales your savings as your income fluctuates and helps build the habit of living below your means.\n\nMany budgeting apps can track spending, issue overspending alerts and automate savings transfers. Apps like YNAB (You Need A Budget) and Rocket Money can help coordinate your spending and saving goals in one platform.\n\n## 3\\. Use cash-back apps and credit card rewards\nCash-back apps can reduce your overall spending on purchases you’re already making. These tools work best when used strategically for planned purchases rather than encouraging additional spending.\n\nIf you pay off credit card balances in full each month, [cash back credit cards](https:\/\/www.bankrate.com\/credit-cards\/cash-back\/best-cash-back-cards\/) can provide 1% to 6% back on purchases. Stack cash-back apps with rewards credit cards for double savings.\n\n## 4\\. Reconsider your mobile provider\nCell phone plans often include features and data allowances far beyond most users’ actual needs. With increased competition among mobile providers, switching carriers can provide significant monthly savings without sacrificing service.\n\nCompanies like Mint Mobile, Visible and Ting Mobile are known for offering plans that are cheaper than major carriers while using the same cellular networks. It pays to research coverage in your area and compare plan features to find the best value. Plus, check your phone’s data usage statistics to determine how much data you actually use monthly. If you primarily use Wi-Fi at home and work, you may be paying for more data than necessary.\n\nIf multiple family members need service, family plans from both major and smaller carriers often provide better per-line pricing than individual plans. But before switching, call your current carrier to discuss potentially lowering your monthly bill. Many providers offer retention discounts to customers considering switching to competitors.\n\n## 5\\. Turn off store promotion notifications\nYour smartphone can be a powerful money-saving tool, but it can also trigger impulse purchases through promotional notifications, deal alerts and targeted advertising. Taking control of these digital spending triggers can significantly reduce unplanned purchases. This includes:\n\n- Unsubscribe from promotional emails.\n- Disable app notifications.\n- Remove shopping apps from your phone.\n## 6\\. Shrink your utility bills\nHome utility costs continue rising, but several changes can reduce your monthly bills without significantly impacting your comfort or convenience:\n\n- **LED lighting savings:** The [U.S. Department of Energy estimates](https:\/\/www.energy.gov\/energysaver\/lighting-choices-save-you-money) that switching to LED bulbs can save the average household around \\$225 annually.\n- **Seal air leaks:** You can save up to 20% on heating and cooling costs by sealing air leaks and adding insulation. Many utility companies offer free energy audits to identify the most impactful improvements for your home.\n- **Smart thermostat benefits:** Programmable and smart thermostats can reduce heating and cooling costs by automatically adjusting temperatures when you’re away from home.\n- **Water conservation:** Installing low-flow showerheads, fixing leaks promptly, and watering lawns during cooler morning hours can significantly reduce water bills.\n- **Energy assistance programs:** The federal Low Income Home Energy Assistance Program (LIHEAP) helps eligible households pay energy bills, weatherize homes and make energy-related repairs. Check your local utility companies for additional rebate programs.\n## 7\\. Evaluate your entertainment expenses\nEntertainment subscriptions can quickly add up to \\$100 or more monthly. Regularly reviewing and optimizing these services can free up significant money for savings.\n\nInstead of paying for multiple streaming services simultaneously, consider rotating subscriptions monthly or seasonally. Services like Sling TV, Hulu and Fubo often cost less than traditional cable packages while offering access to popular content. If you’re already an Amazon Prime member, take advantage of the included Prime Video streaming service and Prime Music to potentially eliminate other subscription costs.\n\nPublic libraries offer free access to more than just physical books. You may be able to use your local library to check out movies, music, audiobooks and digital content through apps like Libby.\n\n## 8\\. Take advantage of free local attractions\nA little research can help you find fun, affordable attractions and activities in your local area. For instance, some museums and art galleries offer free admission on certain days of the week or month. Libraries may offer passes to parks, zoos or museums on a first-come, first-served basis. Or you can just head outdoors for a hike, bike ride or picnic.\n\nYour bank may even offer free access to attractions. For example, [Bank of America’s Museums on Us](https:\/\/about.bankofamerica.com\/en\/making-an-impact\/museums-on-us-partners) program gives the bank’s debit and credit card holders complimentary access to around 240 cultural institutions across the country.\n\n## 9\\. Be a strategic grocery shopper\nWhile you’ll need to keep buying food despite higher prices, you can learn [how to save money on groceries](https:\/\/www.bankrate.com\/banking\/savings\/ways-to-save-money-on-groceries\/). One method is to avoid throwing away unused food. For a U.S. household of four, the annual cost of food waste is around \\$2,913, or \\$56 per week, according to the [Environmental Protection Agency (EPA)](https:\/\/www.epa.gov\/system\/files\/documents\/2025-04\/costoffoodwastereport_508.pdf).\n\nAAs you make your grocery list, think about what you threw away last time and how to avoid letting that happen again. Planning out your upcoming meals can help you avoid buying things you don’t need — and avoid waste, in turn. Also, take a tour of your pantry first and build your meals around what you already bought.\n\n## 10\\. Break up with brand names\nSpeaking of groceries, consider whether you really need to pay for expensive brand-name foods. A comparison of ingredients and labels on things like noodles, cereal and spices may show generic alternatives to be just as nutritious and high-quality as their top-shelf counterparts.\n\nThe same concept can apply to non-food items such as paper products, hand soap and laundry detergent. Try to find more affordable alternatives for any such brand-name household items you buy. You can always switch back to your original choice if you’re not happy with the lower-priced alternative.\n\n## 11\\. Explore other banking options\nBanking fees can [drain hundreds of dollars annually](https:\/\/www.bankrate.com\/banking\/avoid-bank-fees-and-penalties\/) from your accounts. Shopping for better banking options can eliminate these unnecessary costs:\n\n- **Monthly maintenance fee waivers:** Online banks like [Ally Bank](https:\/\/www.bankrate.com\/banking\/reviews\/ally-bank\/) and [Marcus by Goldman Sachs](https:\/\/www.bankrate.com\/banking\/reviews\/marcus\/) typically don’t charge monthly maintenance fees on checking or savings accounts. They also frequently offer higher interest rates than traditional banks.\n- **High-yield savings benefits:** Online [high-yield savings accounts](https:\/\/www.bankrate.com\/banking\/savings\/best-high-yield-interests-savings-accounts\/) currently offer rates around 4.00% APY, compared to the national average of 0.59%. Moving \\$10,000 from a traditional savings account to a high-yield account could earn an additional \\$300 or more annually.\n- **ATM fee reimbursements:** Many online banks and credit unions [reimburse ATM fees](https:\/\/www.bankrate.com\/banking\/these-banks-reimburse-atm-fees\/) charged by other banks, potentially saving \\$5 to \\$15 monthly for frequent ATM users.\n- **CD and money market options:** If you have funds you won’t need for several months or years, [certificates of deposit (CDs)](https:\/\/www.bankrate.com\/banking\/cds\/cd-rates\/) and [money market accounts](https:\/\/www.bankrate.com\/banking\/money-market\/rates\/) from online institutions often provide significantly higher returns than traditional savings accounts.\n## 12\\. Compare car insurance rates\nIf you have a track record of safe driving, it can pay to shop around for a good insurance provider that will reward you for your responsible behavior. [Compare other car insurance quotes](https:\/\/www.bankrate.com\/insurance\/car\/average-cost-of-car-insurance\/) with what you currently pay to see how much you can lower your premiums for the same amount of coverage.\n\nThose who don’t spend much time behind the wheel may be able to cut costs by going with [usage-based insurance](https:\/\/www.bankrate.com\/insurance\/car\/usage-based-insurance\/), which can tailor your coverage to fit how much you actually use your vehicle.\n\n## 13\\. Use coupons and promotional codes\nCouponing might sound old-school, but finding deals doesn’t always require clipping portions of the Sunday newspaper. When you’re shopping online, take a few minutes to search for a coupon code when websites offer a “promo code” box on the checkout page.\n\n[Browser extensions like Rakuten](https:\/\/www.bankrate.com\/credit-cards\/cash-back\/best-cash-back-apps\/#shopping) and Coupert automatically search for online coupons while you shop. Capital One Shopping is another tool that can find online deals automatically, and it’s available to everyone — not just Capital One customers. It works by searching for coupon codes, best prices and rewards at more than 100,000 online retailers.\n\n## 14\\. Challenge yourself to a spending freeze\nTry taking control of your finances by embarking on a spending freeze — also known as a [no-buy challenge](https:\/\/www.bankrate.com\/banking\/no-buy-challenges-in-2025\/) — during which you cut all unnecessary spending for a set period. This could give you a sense of how much you’re spending on nonessentials like trips to the coffee shop. Add the extra money you have at the end of the month to your savings or use it to pay down debt.\n\n## Bottom line\nIf you’re serious about reaching your financial goals, our 14 tips on saving money offer you a good starting point. Now that you have a basic understanding of how to save money, it’s a good idea to plan where you’ll allocate your savings — and put your plan into action.\n\nFor example, if you want to bulk up your emergency fund, transfer any savings out of your checking account each week or month so you’re less likely to spend it. If you need to pay down debt, create additional payments that automatically come out of your bank account. Whatever your goals, make the process of saving as effortless as possible.\n\n## Frequently asked questions\nDid you find this page helpful?\n\nHelp us improve our content","meta_canonical":null}

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Boilerpipe Text	Key takeaways Only 46% of U.S. adults have enough emergency savings to cover three months of expenses, making saving money more crucial than ever. Automatic transfers to a high-yield savings account earning around 4% APY can help build emergency funds without extra effort. Cash-back apps and comparison shopping can save hundreds annually on everyday purchases like groceries, gas, and insurance. Simple changes like switching to generic brands, negotiating bills and using coupons can free up significant money for savings. Saving money in the current economic environment likely feels overwhelming. And the data supports how much of a struggle it is — only 46% of U.S. adults have enough emergency savings to cover three months of expenses, according to Bankrate’s Emergency Savings Report . With 24% having no emergency savings at all, finding ways to cut expenses and build savings has become essential for financial security. The challenge isn’t just about earning more — it’s also about saving smarter. Even small changes to your spending habits can add up to significant savings over time. Whether you’re building your first emergency fund or trying to reach a specific savings goal, these proven strategies can help you keep more money in your pocket. 1. Review your spending habits Before implementing any money-saving strategies, you need a clear picture of where your money currently goes. Most banks and credit card companies provide categorized spending reports through their online platforms or mobile apps, showing you exactly how much you’re spending on groceries, entertainment, utilities and other categories. Track everything for at least one month: Review bank statements, credit card bills and cash receipts to understand your spending patterns. Many people are surprised to discover they’re spending far more than expected on subscription services, dining out or impulse purchases. Identify spending leaks: Look for recurring charges you forgot about, subscriptions you no longer use or categories where you’re consistently overspending. Common culprits include streaming services, gym memberships and automatic renewals for apps or software you rarely use. 2. Automate your savings Setting up automatic transfers from your checking to your savings account each payday removes the temptation to spend money before saving it. This “pay yourself first” approach ensures consistent saving without requiring ongoing willpower or decision making. First, calculate your monthly expenses and determine how much you can realistically save each month. Consider automatically transferring a percentage of each paycheck — such as 10% or 20% — rather than a fixed dollar amount. This approach scales your savings as your income fluctuates and helps build the habit of living below your means. Many budgeting apps can track spending, issue overspending alerts and automate savings transfers. Apps like YNAB (You Need A Budget) and Rocket Money can help coordinate your spending and saving goals in one platform. 3. Use cash-back apps and credit card rewards Cash-back apps can reduce your overall spending on purchases you’re already making. These tools work best when used strategically for planned purchases rather than encouraging additional spending. If you pay off credit card balances in full each month, cash back credit cards can provide 1% to 6% back on purchases. Stack cash-back apps with rewards credit cards for double savings. 4. Reconsider your mobile provider Cell phone plans often include features and data allowances far beyond most users’ actual needs. With increased competition among mobile providers, switching carriers can provide significant monthly savings without sacrificing service. Companies like Mint Mobile, Visible and Ting Mobile are known for offering plans that are cheaper than major carriers while using the same cellular networks. It pays to research coverage in your area and compare plan features to find the best value. Plus, check your phone’s data usage statistics to determine how much data you actually use monthly. If you primarily use Wi-Fi at home and work, you may be paying for more data than necessary. If multiple family members need service, family plans from both major and smaller carriers often provide better per-line pricing than individual plans. But before switching, call your current carrier to discuss potentially lowering your monthly bill. Many providers offer retention discounts to customers considering switching to competitors. 5. Turn off store promotion notifications Your smartphone can be a powerful money-saving tool, but it can also trigger impulse purchases through promotional notifications, deal alerts and targeted advertising. Taking control of these digital spending triggers can significantly reduce unplanned purchases. This includes: Unsubscribe from promotional emails. Disable app notifications. Remove shopping apps from your phone. 6. Shrink your utility bills Home utility costs continue rising, but several changes can reduce your monthly bills without significantly impacting your comfort or convenience: LED lighting savings: The U.S. Department of Energy estimates that switching to LED bulbs can save the average household around $225 annually. Seal air leaks: You can save up to 20% on heating and cooling costs by sealing air leaks and adding insulation. Many utility companies offer free energy audits to identify the most impactful improvements for your home. Smart thermostat benefits: Programmable and smart thermostats can reduce heating and cooling costs by automatically adjusting temperatures when you’re away from home. Water conservation: Installing low-flow showerheads, fixing leaks promptly, and watering lawns during cooler morning hours can significantly reduce water bills. Energy assistance programs: The federal Low Income Home Energy Assistance Program (LIHEAP) helps eligible households pay energy bills, weatherize homes and make energy-related repairs. Check your local utility companies for additional rebate programs. 7. Evaluate your entertainment expenses Entertainment subscriptions can quickly add up to $100 or more monthly. Regularly reviewing and optimizing these services can free up significant money for savings. Instead of paying for multiple streaming services simultaneously, consider rotating subscriptions monthly or seasonally. Services like Sling TV, Hulu and Fubo often cost less than traditional cable packages while offering access to popular content. If you’re already an Amazon Prime member, take advantage of the included Prime Video streaming service and Prime Music to potentially eliminate other subscription costs. Public libraries offer free access to more than just physical books. You may be able to use your local library to check out movies, music, audiobooks and digital content through apps like Libby. 8. Take advantage of free local attractions A little research can help you find fun, affordable attractions and activities in your local area. For instance, some museums and art galleries offer free admission on certain days of the week or month. Libraries may offer passes to parks, zoos or museums on a first-come, first-served basis. Or you can just head outdoors for a hike, bike ride or picnic. Your bank may even offer free access to attractions. For example, Bank of America’s Museums on Us program gives the bank’s debit and credit card holders complimentary access to around 240 cultural institutions across the country. 9. Be a strategic grocery shopper While you’ll need to keep buying food despite higher prices, you can learn how to save money on groceries . One method is to avoid throwing away unused food. For a U.S. household of four, the annual cost of food waste is around $2,913, or $56 per week, according to the Environmental Protection Agency (EPA) . AAs you make your grocery list, think about what you threw away last time and how to avoid letting that happen again. Planning out your upcoming meals can help you avoid buying things you don’t need — and avoid waste, in turn. Also, take a tour of your pantry first and build your meals around what you already bought. 10. Break up with brand names Speaking of groceries, consider whether you really need to pay for expensive brand-name foods. A comparison of ingredients and labels on things like noodles, cereal and spices may show generic alternatives to be just as nutritious and high-quality as their top-shelf counterparts. The same concept can apply to non-food items such as paper products, hand soap and laundry detergent. Try to find more affordable alternatives for any such brand-name household items you buy. You can always switch back to your original choice if you’re not happy with the lower-priced alternative. 11. Explore other banking options Banking fees can drain hundreds of dollars annually from your accounts. Shopping for better banking options can eliminate these unnecessary costs: Monthly maintenance fee waivers: Online banks like Ally Bank and Marcus by Goldman Sachs typically don’t charge monthly maintenance fees on checking or savings accounts. They also frequently offer higher interest rates than traditional banks. High-yield savings benefits: Online high-yield savings accounts currently offer rates around 4.00% APY, compared to the national average of 0.59%. Moving $10,000 from a traditional savings account to a high-yield account could earn an additional $300 or more annually. ATM fee reimbursements: Many online banks and credit unions reimburse ATM fees charged by other banks, potentially saving $5 to $15 monthly for frequent ATM users. CD and money market options: If you have funds you won’t need for several months or years, certificates of deposit (CDs) and money market accounts from online institutions often provide significantly higher returns than traditional savings accounts. 12. Compare car insurance rates If you have a track record of safe driving, it can pay to shop around for a good insurance provider that will reward you for your responsible behavior. Compare other car insurance quotes with what you currently pay to see how much you can lower your premiums for the same amount of coverage. Those who don’t spend much time behind the wheel may be able to cut costs by going with usage-based insurance , which can tailor your coverage to fit how much you actually use your vehicle. 13. Use coupons and promotional codes Couponing might sound old-school, but finding deals doesn’t always require clipping portions of the Sunday newspaper. When you’re shopping online, take a few minutes to search for a coupon code when websites offer a “promo code” box on the checkout page. Browser extensions like Rakuten and Coupert automatically search for online coupons while you shop. Capital One Shopping is another tool that can find online deals automatically, and it’s available to everyone — not just Capital One customers. It works by searching for coupon codes, best prices and rewards at more than 100,000 online retailers. 14. Challenge yourself to a spending freeze Try taking control of your finances by embarking on a spending freeze — also known as a no-buy challenge — during which you cut all unnecessary spending for a set period. This could give you a sense of how much you’re spending on nonessentials like trips to the coffee shop. Add the extra money you have at the end of the month to your savings or use it to pay down debt. Bottom line If you’re serious about reaching your financial goals, our 14 tips on saving money offer you a good starting point. Now that you have a basic understanding of how to save money, it’s a good idea to plan where you’ll allocate your savings — and put your plan into action. For example, if you want to bulk up your emergency fund, transfer any savings out of your checking account each week or month so you’re less likely to spend it. If you need to pay down debt, create additional payments that automatically come out of your bank account. Whatever your goals, make the process of saving as effortless as possible. Frequently asked questions Did you find this page helpful? Info Icon Help us improve our content
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How to save money: 14 easy tips Advertiser Disclosure # How to save money: 14 easy tips ![Karen Bennett](https://www.bankrate.com/2021/07/01152801/Karen_Bennett_headshot.jpg?auto=webp&quality=85&width=24&height=24&fit=cover&enable=upscale&crop=1:1,smart) ![Rhys Subitch](https://www.bankrate.com/brp/2024/07/18182829/Rhys-Subitch-pfp-update-1.png?auto=webp&quality=85&width=24&height=24&fit=cover&enable=upscale&crop=1:1,smart) ![Allyson Johnson](https://www.bankrate.com/2021/04/06144642/allyson-johnson-edit.jpg?auto=webp&quality=85&width=24&height=24&fit=cover&enable=upscale&crop=1:1,smart) Written by Karen Bennett , ![](https://www.bankrate.com/2021/07/01152801/Karen_Bennett_headshot.jpg?auto=webp&quality=85&width=64&height=64&fit=cover&enable=upscale&crop=1:1,smart) [Karen Bennett](https://www.bankrate.com/authors/karen-bennett/) Consumer Banking Reporter Expertise - • Consumer banking - • Savings accounts Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. [Read more](https://www.bankrate.com/authors/karen-bennett/) - [Connect with Karen Bennett on Twitter](https://twitter.com/@Karen0077) - [Connect with Karen Bennett on LinkedIn](https://www.linkedin.com/in/karen-bennett-bankrate/) Close [Karen Bennett](https://www.bankrate.com/authors/karen-bennett/), Edited by Rhys Subitch , ![](https://www.bankrate.com/brp/2024/07/18182829/Rhys-Subitch-pfp-update-1.png?auto=webp&quality=85&width=64&height=64&fit=cover&enable=upscale&crop=1:1,smart) [Rhys Subitch](https://www.bankrate.com/authors/rhys-subitch/) Editor, Deposits Credentials - • Certified Financial Education Instructor (CFEI®) Expertise - • Personal finance - • Savings accounts 10 Years of personal finance experience Rhys Subitch is a Bankrate editor who supports an editorial team dedicated to developing educational content about personal banking products for every part of life. [Read more](https://www.bankrate.com/authors/rhys-subitch/) - [Connect with Rhys Subitch on LinkedIn](https://www.linkedin.com/in/rhyssubitch/) - [Get in contact with Rhys Subitch via Email](mailto:rsubitch@redventures.com) Close [Rhys Subitch](https://www.bankrate.com/authors/rhys-subitch/), Reviewed by Allyson Johnson , ![](https://www.bankrate.com/2021/04/06144642/allyson-johnson-edit.jpg?auto=webp&quality=85&width=64&height=64&fit=cover&enable=upscale&crop=1:1,smart) [Allyson Johnson](https://www.bankrate.com/authors/allyson-johnson/) Head of investor relations, Gateway Partners Allyson Johnson leads marketing and fundraising for Gateway Partners. She is a CAIA charter holder and has passed the CFA Level II examination. She is a former member of Bankrate's Expert Review Board. [Read more](https://www.bankrate.com/authors/allyson-johnson/) - [Connect with Allyson Johnson on LinkedIn](https://www.linkedin.com/in/allyson-johnson-caia/) [About our review board](https://www.bankrate.com/financial-review-board/) Close [Allyson Johnson](https://www.bankrate.com/authors/allyson-johnson/), Expert verified How is this page expert verified? At Bankrate, we take the accuracy of our content seriously. “Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. Their reviews hold us accountable for publishing high-quality and trustworthy content. [About our Review Board](https://www.bankrate.com/financial-review-board/) Close [Expert verified](https://www.bankrate.com/financial-review-board/) Published on January 31, 2026 \\| 7 min read Bankrate is always editorially independent. While we adhere to strict editorial integrity , this post may contain references to products from our partners. Here's an explanation for how we make money . Our Bankrate promise is to ensure everything we publish is objective, accurate and trustworthy. ![](https://www.bankrate.com/brp/2025/01/04134522/Deposits-14-easy-tips-to-help-you-save-money-without-going-to-a-lot-of-effort.jpg?auto=webp&optimize=high&crop=16:9) Table of contents - [Review your spending habits](https://www.bankrate.com/banking/savings/how-to-save-money/#review-spending) - [Automate your savings](https://www.bankrate.com/banking/savings/how-to-save-money/#automate-savings) - [Use cash-back apps](https://www.bankrate.com/banking/savings/how-to-save-money/#cash-back-apps) - [Reconsider your mobile provider](https://www.bankrate.com/banking/savings/how-to-save-money/#reconsider-mobile-provider) - [Turn off notifications that tempt you to spend money](https://www.bankrate.com/banking/savings/how-to-save-money/#turn-off-notifications) - [Shrink your utility bills — or avoid letting them grow](https://www.bankrate.com/banking/savings/how-to-save-money/#shrink-utilities) - [Evaluate your entertainment expenses](https://www.bankrate.com/banking/savings/how-to-save-money/#evaluate-expenses) - [Take advantage of free local attractions](https://www.bankrate.com/banking/savings/how-to-save-money/#free-local-attractions) - [Be a strategic grocery shopper](https://www.bankrate.com/banking/savings/how-to-save-money/#be-strategic) - [Break up with brand names](https://www.bankrate.com/banking/savings/how-to-save-money/#brand-names) - [Explore other banking options](https://www.bankrate.com/banking/savings/how-to-save-money/#banking-options) - [Compare car insurance rates](https://www.bankrate.com/banking/savings/how-to-save-money/#car-insurance-rates) - [Use coupons and promotional codes](https://www.bankrate.com/banking/savings/how-to-save-money/#use-coupons) - [Challenge yourself to a spending freeze](https://www.bankrate.com/banking/savings/how-to-save-money/#spending-freeze) - [FAQs](https://www.bankrate.com/banking/savings/how-to-save-money/#faq) Table of contents Back to top ## Key takeaways - Only 46% of U.S. adults have enough emergency savings to cover three months of expenses, making saving money more crucial than ever. - Automatic transfers to a high-yield savings account earning around 4% APY can help build emergency funds without extra effort. - Cash-back apps and comparison shopping can save hundreds annually on everyday purchases like groceries, gas, and insurance. - Simple changes like switching to generic brands, negotiating bills and using coupons can free up significant money for savings. Saving money in the current economic environment likely feels overwhelming. And the data supports how much of a struggle it is — only 46% of U.S. adults have enough emergency savings to cover three months of expenses, according to [Bankrate’s Emergency Savings Report](https://www.bankrate.com/banking/savings/emergency-savings-report/). With 24% having no emergency savings at all, finding ways to cut expenses and build savings has become essential for financial security. The challenge isn’t just about earning more — it’s also about saving smarter. Even small changes to your spending habits can add up to significant savings over time. Whether you’re building your first emergency fund or trying to reach a specific savings goal, these proven strategies can help you keep more money in your pocket. ## 1\. Review your spending habits Before implementing any money-saving strategies, you need a clear picture of where your money currently goes. Most banks and credit card companies provide categorized spending reports through their online platforms or mobile apps, showing you exactly how much you’re spending on groceries, entertainment, utilities and other categories. Learn more: [Bank accounts that come with built-in budgeting tools](https://www.bankrate.com/banking/bank-accounts-with-budgeting-tools/) - Track everything for at least one month: Review bank statements, credit card bills and cash receipts to understand your spending patterns. Many people are surprised to discover they’re spending far more than expected on subscription services, dining out or impulse purchases. - Identify spending leaks: Look for recurring charges you forgot about, subscriptions you no longer use or categories where you’re consistently overspending. Common culprits include streaming services, gym memberships and automatic renewals for apps or software you rarely use. ![](https://navi.cohesionapps.com/display?write_key=wk_2M3TlVcWbz8i1RTZjLkSmbWfyQC&adId=b332facc14&req=https%3A%2F%2Fwww.bankrate.com%2Fbanking%2Fsavings%2Fhow-to-save-money%2F&ref=) ## 2\. Automate your savings Setting up automatic transfers from your checking to your savings account each payday removes the temptation to spend money before saving it. This “pay yourself first” approach ensures consistent saving without requiring ongoing willpower or decision making. First, calculate your monthly expenses and determine how much you can realistically save each month. Consider automatically transferring a percentage of each paycheck — such as 10% or 20% — rather than a fixed dollar amount. This approach scales your savings as your income fluctuates and helps build the habit of living below your means. Many budgeting apps can track spending, issue overspending alerts and automate savings transfers. Apps like YNAB (You Need A Budget) and Rocket Money can help coordinate your spending and saving goals in one platform. Compare: [Bankrate’s picks for best money-saving apps](https://www.bankrate.com/banking/savings/ai-apps-to-help-you-save-money/) ## 3\. Use cash-back apps and credit card rewards Cash-back apps can reduce your overall spending on purchases you’re already making. These tools work best when used strategically for planned purchases rather than encouraging additional spending. If you pay off credit card balances in full each month, [cash back credit cards](https://www.bankrate.com/credit-cards/cash-back/best-cash-back-cards/) can provide 1% to 6% back on purchases. Stack cash-back apps with rewards credit cards for double savings. Compare: [Best cash back apps on the market today](https://www.bankrate.com/credit-cards/cash-back/best-cash-back-apps/) ## 4\. Reconsider your mobile provider Cell phone plans often include features and data allowances far beyond most users’ actual needs. With increased competition among mobile providers, switching carriers can provide significant monthly savings without sacrificing service. Companies like Mint Mobile, Visible and Ting Mobile are known for offering plans that are cheaper than major carriers while using the same cellular networks. It pays to research coverage in your area and compare plan features to find the best value. Plus, check your phone’s data usage statistics to determine how much data you actually use monthly. If you primarily use Wi-Fi at home and work, you may be paying for more data than necessary. If multiple family members need service, family plans from both major and smaller carriers often provide better per-line pricing than individual plans. But before switching, call your current carrier to discuss potentially lowering your monthly bill. Many providers offer retention discounts to customers considering switching to competitors. ## 5\. Turn off store promotion notifications Your smartphone can be a powerful money-saving tool, but it can also trigger impulse purchases through promotional notifications, deal alerts and targeted advertising. Taking control of these digital spending triggers can significantly reduce unplanned purchases. This includes: - Unsubscribe from promotional emails. - Disable app notifications. - Remove shopping apps from your phone. ## 6\. Shrink your utility bills Home utility costs continue rising, but several changes can reduce your monthly bills without significantly impacting your comfort or convenience: - LED lighting savings: The [U.S. Department of Energy estimates](https://www.energy.gov/energysaver/lighting-choices-save-you-money) that switching to LED bulbs can save the average household around \$225 annually. - Seal air leaks: You can save up to 20% on heating and cooling costs by sealing air leaks and adding insulation. Many utility companies offer free energy audits to identify the most impactful improvements for your home. - Smart thermostat benefits: Programmable and smart thermostats can reduce heating and cooling costs by automatically adjusting temperatures when you’re away from home. - Water conservation: Installing low-flow showerheads, fixing leaks promptly, and watering lawns during cooler morning hours can significantly reduce water bills. - Energy assistance programs: The federal Low Income Home Energy Assistance Program (LIHEAP) helps eligible households pay energy bills, weatherize homes and make energy-related repairs. Check your local utility companies for additional rebate programs. ## 7\. Evaluate your entertainment expenses Entertainment subscriptions can quickly add up to \$100 or more monthly. Regularly reviewing and optimizing these services can free up significant money for savings. Instead of paying for multiple streaming services simultaneously, consider rotating subscriptions monthly or seasonally. Services like Sling TV, Hulu and Fubo often cost less than traditional cable packages while offering access to popular content. If you’re already an Amazon Prime member, take advantage of the included Prime Video streaming service and Prime Music to potentially eliminate other subscription costs. Public libraries offer free access to more than just physical books. You may be able to use your local library to check out movies, music, audiobooks and digital content through apps like Libby. ## 8\. Take advantage of free local attractions A little research can help you find fun, affordable attractions and activities in your local area. For instance, some museums and art galleries offer free admission on certain days of the week or month. Libraries may offer passes to parks, zoos or museums on a first-come, first-served basis. Or you can just head outdoors for a hike, bike ride or picnic. Your bank may even offer free access to attractions. For example, [Bank of America’s Museums on Us](https://about.bankofamerica.com/en/making-an-impact/museums-on-us-partners) program gives the bank’s debit and credit card holders complimentary access to around 240 cultural institutions across the country. ## 9\. Be a strategic grocery shopper While you’ll need to keep buying food despite higher prices, you can learn [how to save money on groceries](https://www.bankrate.com/banking/savings/ways-to-save-money-on-groceries/). One method is to avoid throwing away unused food. For a U.S. household of four, the annual cost of food waste is around \$2,913, or \$56 per week, according to the [Environmental Protection Agency (EPA)](https://www.epa.gov/system/files/documents/2025-04/costoffoodwastereport_508.pdf). AAs you make your grocery list, think about what you threw away last time and how to avoid letting that happen again. Planning out your upcoming meals can help you avoid buying things you don’t need — and avoid waste, in turn. Also, take a tour of your pantry first and build your meals around what you already bought. ## 10\. Break up with brand names Speaking of groceries, consider whether you really need to pay for expensive brand-name foods. A comparison of ingredients and labels on things like noodles, cereal and spices may show generic alternatives to be just as nutritious and high-quality as their top-shelf counterparts. The same concept can apply to non-food items such as paper products, hand soap and laundry detergent. Try to find more affordable alternatives for any such brand-name household items you buy. You can always switch back to your original choice if you’re not happy with the lower-priced alternative. ## 11\. Explore other banking options Banking fees can [drain hundreds of dollars annually](https://www.bankrate.com/banking/avoid-bank-fees-and-penalties/) from your accounts. Shopping for better banking options can eliminate these unnecessary costs: - Monthly maintenance fee waivers: Online banks like [Ally Bank](https://www.bankrate.com/banking/reviews/ally-bank/) and [Marcus by Goldman Sachs](https://www.bankrate.com/banking/reviews/marcus/) typically don’t charge monthly maintenance fees on checking or savings accounts. They also frequently offer higher interest rates than traditional banks. - High-yield savings benefits: Online [high-yield savings accounts](https://www.bankrate.com/banking/savings/best-high-yield-interests-savings-accounts/) currently offer rates around 4.00% APY, compared to the national average of 0.59%. Moving \$10,000 from a traditional savings account to a high-yield account could earn an additional \$300 or more annually. - ATM fee reimbursements: Many online banks and credit unions [reimburse ATM fees](https://www.bankrate.com/banking/these-banks-reimburse-atm-fees/) charged by other banks, potentially saving \$5 to \$15 monthly for frequent ATM users. - CD and money market options: If you have funds you won’t need for several months or years, [certificates of deposit (CDs)](https://www.bankrate.com/banking/cds/cd-rates/) and [money market accounts](https://www.bankrate.com/banking/money-market/rates/) from online institutions often provide significantly higher returns than traditional savings accounts. ## 12\. Compare car insurance rates If you have a track record of safe driving, it can pay to shop around for a good insurance provider that will reward you for your responsible behavior. [Compare other car insurance quotes](https://www.bankrate.com/insurance/car/average-cost-of-car-insurance/) with what you currently pay to see how much you can lower your premiums for the same amount of coverage. Those who don’t spend much time behind the wheel may be able to cut costs by going with [usage-based insurance](https://www.bankrate.com/insurance/car/usage-based-insurance/), which can tailor your coverage to fit how much you actually use your vehicle. ## 13\. Use coupons and promotional codes Couponing might sound old-school, but finding deals doesn’t always require clipping portions of the Sunday newspaper. When you’re shopping online, take a few minutes to search for a coupon code when websites offer a “promo code” box on the checkout page. [Browser extensions like Rakuten](https://www.bankrate.com/credit-cards/cash-back/best-cash-back-apps/#shopping) and Coupert automatically search for online coupons while you shop. Capital One Shopping is another tool that can find online deals automatically, and it’s available to everyone — not just Capital One customers. It works by searching for coupon codes, best prices and rewards at more than 100,000 online retailers. ## 14\. Challenge yourself to a spending freeze Try taking control of your finances by embarking on a spending freeze — also known as a [no-buy challenge](https://www.bankrate.com/banking/no-buy-challenges-in-2025/) — during which you cut all unnecessary spending for a set period. This could give you a sense of how much you’re spending on nonessentials like trips to the coffee shop. Add the extra money you have at the end of the month to your savings or use it to pay down debt. ## Bottom line If you’re serious about reaching your financial goals, our 14 tips on saving money offer you a good starting point. Now that you have a basic understanding of how to save money, it’s a good idea to plan where you’ll allocate your savings — and put your plan into action. For example, if you want to bulk up your emergency fund, transfer any savings out of your checking account each week or month so you’re less likely to spend it. If you need to pay down debt, create additional payments that automatically come out of your bank account. Whatever your goals, make the process of saving as effortless as possible. ## Frequently asked questions - ### What is the 30-day rule? The [30-day rule](https://www.bankrate.com/banking/savings/30-day-savings-rule/) is a simple strategy of holding off for 30 days before making a nonessential purchase. By waiting, you’ll give yourself a chance to consider whether you want and need the item, whether you can truly afford it and if your money should be allocated toward a higher priority instead. - ### What are some ways to save money yearly? Look to your retirement account and tax refund for ways to increase your savings each year. Steps to do so include these ideas: - Take advantage of an employer match for your 401(k). Many [employers match](https://www.bankrate.com/retirement/401k-match/) up to a certain amount of what you put into your 401(k) based on how much you contribute. Get the most for your money by contributing enough to receive the full employer match. - Open an individual retirement account (IRA). A traditional or [Roth IRA](https://www.bankrate.com/retirement/roth-ira/) is another place to invest in your retirement, and they each have certain tax advantages. Unlike 401(k) accounts, IRA accounts are not administered through an employer. They’re commonly offered by banks, credit unions, brokerage firms and mutual fund companies. - Save or invest your tax return. If you’re getting an annual tax refund from the IRS, consider putting it into a savings account or investing it. - ### How can I build an emergency fund? An [emergency fund](https://www.bankrate.com/banking/savings/starting-an-emergency-fund/) can help keep you from going into debt when unexpected costs arise. To get started with building up your emergency savings: - Create a budget and pay attention to areas where you can start saving more money. - Open a high-yield savings account, if you don’t already have one. Setting up automatic transfers to this account every payday helps ensure you’ll continue to save money. - Save unexpected income or any windfalls, such as tax returns or work bonuses. - Aim to save at least three to six months’ worth of expenses in your emergency fund. - ### What is the 50/30/20 budget rule? This [simple budgeting strategy](https://www.bankrate.com/banking/what-is-the-50-30-20-rule/) involves setting aside 50% of your monthly income for needs, 30% for wants and 20% for savings. Allocating your money into these three buckets can be a simple and effective way to change your spending and saving habits. Did you find this page helpful? Why we ask for feedback Your feedback helps us improve our content and services. It takes less than a minute to complete. Your responses are anonymous and will only be used for improving our website. Help us improve our content Yes No Thank you for your feedback\! Your input helps us improve our content and services. Cite us Share this article Share this article Close ![](https://www.bankrate.com/2021/07/01152801/Karen_Bennett_headshot.jpg?auto=webp&quality=85&width=96&height=96&fit=cover&enable=upscale&crop=1:1,smart) Written by [Karen Bennett](https://www.bankrate.com/authors/karen-bennett/) Consumer Banking Reporter - [Connect with Karen Bennett on Twitter](https://twitter.com/@Karen0077) - [Connect with Karen Bennett on LinkedIn](https://www.linkedin.com/in/karen-bennett-bankrate/) [Read more from Karen](https://www.bankrate.com/authors/karen-bennett/) Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. ![](https://www.bankrate.com/brp/2025/01/04134522/Deposits-14-easy-tips-to-help-you-save-money-without-going-to-a-lot-of-effort.jpg?auto=webp&optimize=high&crop=16:9) Bankrate is always editorially independent. While we adhere to strict editorial integrity , this post may contain references to products from our partners. Here's an explanation for how we make money . Our Bankrate promise is to ensure everything we publish is objective, accurate and trustworthy. Table of contents - [Review your spending habits](https://www.bankrate.com/banking/savings/how-to-save-money/#review-spending) - [Automate your savings](https://www.bankrate.com/banking/savings/how-to-save-money/#automate-savings) - [Use cash-back apps](https://www.bankrate.com/banking/savings/how-to-save-money/#cash-back-apps) - [Reconsider your mobile provider](https://www.bankrate.com/banking/savings/how-to-save-money/#reconsider-mobile-provider) - [Turn off notifications that tempt you to spend money](https://www.bankrate.com/banking/savings/how-to-save-money/#turn-off-notifications) - [Shrink your utility bills — or avoid letting them grow](https://www.bankrate.com/banking/savings/how-to-save-money/#shrink-utilities) - [Evaluate your entertainment expenses](https://www.bankrate.com/banking/savings/how-to-save-money/#evaluate-expenses) - [Take advantage of free local attractions](https://www.bankrate.com/banking/savings/how-to-save-money/#free-local-attractions) - [Be a strategic grocery shopper](https://www.bankrate.com/banking/savings/how-to-save-money/#be-strategic) - [Break up with brand names](https://www.bankrate.com/banking/savings/how-to-save-money/#brand-names) - [Explore other banking options](https://www.bankrate.com/banking/savings/how-to-save-money/#banking-options) - [Compare car insurance rates](https://www.bankrate.com/banking/savings/how-to-save-money/#car-insurance-rates) - [Use coupons and promotional codes](https://www.bankrate.com/banking/savings/how-to-save-money/#use-coupons) - [Challenge yourself to a spending freeze](https://www.bankrate.com/banking/savings/how-to-save-money/#spending-freeze) - [FAQs](https://www.bankrate.com/banking/savings/how-to-save-money/#faq) Back to top ## You may also like ![A woman does her budgeting.](https://www.bankrate.com/2020/10/12150537/save-per-month.jpeg) [How much should I save each month?](https://www.bankrate.com/banking/savings/how-much-money-should-i-save-each-month/) Savings By [Sheiresa McRae Ngo, CEPF®](https://www.bankrate.com/authors/sheiresa-mcrae-ngo-cepf/) 5 min read ![Computer artwork of a businessman looking at giant, white piggy bank.](https://www.bankrate.com/brp/2025/09/16183522/Big-Savings-Getty-300x169.jpg) [Want to grow your savings? Try treating yourself like a bank](https://www.bankrate.com/banking/savings/treat-yourself-like-a-bank/) Savings By [Matthew Doffing](https://www.bankrate.com/authors/matthew-doffing/) 5 min read ![Young business woman working at the office on a laptop](https://www.bankrate.com/2023/07/31135103/How-to-save-10000-in-a-year.jpeg) [How to save \$10,000 in a year](https://www.bankrate.com/banking/savings/how-to-save-10000/) Savings By [René Bennett](https://www.bankrate.com/authors/rene-bennett/) 6 min read ![Elderly woman connected to the internet at home](https://www.bankrate.com/2022/08/08095431/how-to-protect-savings-high-inflation.jpg) [How to save money during inflation: 6 Tips and Strategies](https://www.bankrate.com/personal-finance/ways-to-protect-your-savings-from-inflation/) Personal Finance By [René Bennett](https://www.bankrate.com/authors/rene-bennett/) 5 min read ## [Bankrate logo](https://www.bankrate.com/) ### About - [About us](https://www.bankrate.com/about/) - [Leadership](https://www.bankrate.com/leadership/) - [Press room](https://www.bankrate.com/press-releases/) - [Bankrate Data Center](https://www.bankrate.com/data-center/) - [Careers](https://www.bankrate.com/careers/) - [Site map](https://www.bankrate.com/corporate/site-map/) ### Help - [Compare rates](https://www.bankrate.com/compare-rates/) - [Latest news](https://www.bankrate.com/news/) - [Popular topics](https://www.bankrate.com/popular-finance-topics/) - [Advertise with us](https://www.bankrate.com/media-kit/) ### Legal - [Privacy policy](https://www.bankrate.com/privacy/) - Cookie settings - [Do Not Sell or Share My Personal Information](https://www.bankrate.com/do-not-sell-or-share-my-personal-information/) - [Consumer Health Information Privacy Policy](https://www.bankrate.com/consumer-health-information-privacy-policy/) - [Understanding Bankrate’s averages](https://www.bankrate.com/understanding-bankrates-rate-averages/) - [Terms of use](https://www.bankrate.com/terms/) - [GLBA annual notice](https://www.bankrate.com/glba-notice/) - [California Consumer Financial Privacy Notice](https://www.bankrate.com/2022/02/15094901/california-notice.pdf) - [Licenses](https://www.bankrate.com/licenses/) ### How we make money Bankrate.com is an independent, advertising-supported publisher and comparison service. 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Table of contents - [Review your spending habits](https://www.bankrate.com/banking/savings/how-to-save-money/#review-spending) - [Automate your savings](https://www.bankrate.com/banking/savings/how-to-save-money/#automate-savings) - [Use cash-back apps](https://www.bankrate.com/banking/savings/how-to-save-money/#cash-back-apps) - [Reconsider your mobile provider](https://www.bankrate.com/banking/savings/how-to-save-money/#reconsider-mobile-provider) - [Turn off notifications that tempt you to spend money](https://www.bankrate.com/banking/savings/how-to-save-money/#turn-off-notifications) - [Shrink your utility bills — or avoid letting them grow](https://www.bankrate.com/banking/savings/how-to-save-money/#shrink-utilities) - [Evaluate your entertainment expenses](https://www.bankrate.com/banking/savings/how-to-save-money/#evaluate-expenses) - [Take advantage of free local attractions](https://www.bankrate.com/banking/savings/how-to-save-money/#free-local-attractions) - [Be a strategic grocery shopper](https://www.bankrate.com/banking/savings/how-to-save-money/#be-strategic) - [Break up with brand names](https://www.bankrate.com/banking/savings/how-to-save-money/#brand-names) - [Explore other banking options](https://www.bankrate.com/banking/savings/how-to-save-money/#banking-options) - [Compare car insurance rates](https://www.bankrate.com/banking/savings/how-to-save-money/#car-insurance-rates) - [Use coupons and promotional codes](https://www.bankrate.com/banking/savings/how-to-save-money/#use-coupons) - [Challenge yourself to a spending freeze](https://www.bankrate.com/banking/savings/how-to-save-money/#spending-freeze) - [FAQs](https://www.bankrate.com/banking/savings/how-to-save-money/#faq) Quick citation guide Select a citation to automatically copy to clipboard. APA: Bennett, K. (2026, January 31). How to save money: 14 easy tips. Bankrate. Retrieved April 19, 2026, from https://www.bankrate.com/banking/savings/how-to-save-money/ Copied to clipboard\! MLA: Bennett, Karen. "How to save money: 14 easy tips." Bankrate. 31 January 2026, https://www.bankrate.com/banking/savings/how-to-save-money/. Copied to clipboard\! Chicago: Bennett, Karen. "How to save money: 14 easy tips." Bankrate. January 31, 2026. https://www.bankrate.com/banking/savings/how-to-save-money/. Copied to clipboard\! ![](https://www.facebook.com/tr?id=1805085980359671&ev=PageView&noscript=1) ![](https://www.facebook.com/tr?id=1564326531369118&ev=PageView&noscript=1)
Readable Markdown	## Key takeaways - Only 46% of U.S. adults have enough emergency savings to cover three months of expenses, making saving money more crucial than ever. - Automatic transfers to a high-yield savings account earning around 4% APY can help build emergency funds without extra effort. - Cash-back apps and comparison shopping can save hundreds annually on everyday purchases like groceries, gas, and insurance. - Simple changes like switching to generic brands, negotiating bills and using coupons can free up significant money for savings. Saving money in the current economic environment likely feels overwhelming. And the data supports how much of a struggle it is — only 46% of U.S. adults have enough emergency savings to cover three months of expenses, according to [Bankrate’s Emergency Savings Report](https://www.bankrate.com/banking/savings/emergency-savings-report/). With 24% having no emergency savings at all, finding ways to cut expenses and build savings has become essential for financial security. The challenge isn’t just about earning more — it’s also about saving smarter. Even small changes to your spending habits can add up to significant savings over time. Whether you’re building your first emergency fund or trying to reach a specific savings goal, these proven strategies can help you keep more money in your pocket. ## 1\. Review your spending habits Before implementing any money-saving strategies, you need a clear picture of where your money currently goes. Most banks and credit card companies provide categorized spending reports through their online platforms or mobile apps, showing you exactly how much you’re spending on groceries, entertainment, utilities and other categories. - Track everything for at least one month: Review bank statements, credit card bills and cash receipts to understand your spending patterns. Many people are surprised to discover they’re spending far more than expected on subscription services, dining out or impulse purchases. - Identify spending leaks: Look for recurring charges you forgot about, subscriptions you no longer use or categories where you’re consistently overspending. Common culprits include streaming services, gym memberships and automatic renewals for apps or software you rarely use. ## 2\. Automate your savings Setting up automatic transfers from your checking to your savings account each payday removes the temptation to spend money before saving it. This “pay yourself first” approach ensures consistent saving without requiring ongoing willpower or decision making. First, calculate your monthly expenses and determine how much you can realistically save each month. Consider automatically transferring a percentage of each paycheck — such as 10% or 20% — rather than a fixed dollar amount. This approach scales your savings as your income fluctuates and helps build the habit of living below your means. Many budgeting apps can track spending, issue overspending alerts and automate savings transfers. Apps like YNAB (You Need A Budget) and Rocket Money can help coordinate your spending and saving goals in one platform. ## 3\. Use cash-back apps and credit card rewards Cash-back apps can reduce your overall spending on purchases you’re already making. These tools work best when used strategically for planned purchases rather than encouraging additional spending. If you pay off credit card balances in full each month, [cash back credit cards](https://www.bankrate.com/credit-cards/cash-back/best-cash-back-cards/) can provide 1% to 6% back on purchases. Stack cash-back apps with rewards credit cards for double savings. ## 4\. Reconsider your mobile provider Cell phone plans often include features and data allowances far beyond most users’ actual needs. With increased competition among mobile providers, switching carriers can provide significant monthly savings without sacrificing service. Companies like Mint Mobile, Visible and Ting Mobile are known for offering plans that are cheaper than major carriers while using the same cellular networks. It pays to research coverage in your area and compare plan features to find the best value. Plus, check your phone’s data usage statistics to determine how much data you actually use monthly. If you primarily use Wi-Fi at home and work, you may be paying for more data than necessary. If multiple family members need service, family plans from both major and smaller carriers often provide better per-line pricing than individual plans. But before switching, call your current carrier to discuss potentially lowering your monthly bill. Many providers offer retention discounts to customers considering switching to competitors. ## 5\. Turn off store promotion notifications Your smartphone can be a powerful money-saving tool, but it can also trigger impulse purchases through promotional notifications, deal alerts and targeted advertising. Taking control of these digital spending triggers can significantly reduce unplanned purchases. This includes: - Unsubscribe from promotional emails. - Disable app notifications. - Remove shopping apps from your phone. ## 6\. Shrink your utility bills Home utility costs continue rising, but several changes can reduce your monthly bills without significantly impacting your comfort or convenience: - LED lighting savings: The [U.S. Department of Energy estimates](https://www.energy.gov/energysaver/lighting-choices-save-you-money) that switching to LED bulbs can save the average household around \$225 annually. - Seal air leaks: You can save up to 20% on heating and cooling costs by sealing air leaks and adding insulation. Many utility companies offer free energy audits to identify the most impactful improvements for your home. - Smart thermostat benefits: Programmable and smart thermostats can reduce heating and cooling costs by automatically adjusting temperatures when you’re away from home. - Water conservation: Installing low-flow showerheads, fixing leaks promptly, and watering lawns during cooler morning hours can significantly reduce water bills. - Energy assistance programs: The federal Low Income Home Energy Assistance Program (LIHEAP) helps eligible households pay energy bills, weatherize homes and make energy-related repairs. Check your local utility companies for additional rebate programs. ## 7\. Evaluate your entertainment expenses Entertainment subscriptions can quickly add up to \$100 or more monthly. Regularly reviewing and optimizing these services can free up significant money for savings. Instead of paying for multiple streaming services simultaneously, consider rotating subscriptions monthly or seasonally. Services like Sling TV, Hulu and Fubo often cost less than traditional cable packages while offering access to popular content. If you’re already an Amazon Prime member, take advantage of the included Prime Video streaming service and Prime Music to potentially eliminate other subscription costs. Public libraries offer free access to more than just physical books. You may be able to use your local library to check out movies, music, audiobooks and digital content through apps like Libby. ## 8\. Take advantage of free local attractions A little research can help you find fun, affordable attractions and activities in your local area. For instance, some museums and art galleries offer free admission on certain days of the week or month. Libraries may offer passes to parks, zoos or museums on a first-come, first-served basis. Or you can just head outdoors for a hike, bike ride or picnic. Your bank may even offer free access to attractions. For example, [Bank of America’s Museums on Us](https://about.bankofamerica.com/en/making-an-impact/museums-on-us-partners) program gives the bank’s debit and credit card holders complimentary access to around 240 cultural institutions across the country. ## 9\. Be a strategic grocery shopper While you’ll need to keep buying food despite higher prices, you can learn [how to save money on groceries](https://www.bankrate.com/banking/savings/ways-to-save-money-on-groceries/). One method is to avoid throwing away unused food. For a U.S. household of four, the annual cost of food waste is around \$2,913, or \$56 per week, according to the [Environmental Protection Agency (EPA)](https://www.epa.gov/system/files/documents/2025-04/costoffoodwastereport_508.pdf). AAs you make your grocery list, think about what you threw away last time and how to avoid letting that happen again. Planning out your upcoming meals can help you avoid buying things you don’t need — and avoid waste, in turn. Also, take a tour of your pantry first and build your meals around what you already bought. ## 10\. Break up with brand names Speaking of groceries, consider whether you really need to pay for expensive brand-name foods. A comparison of ingredients and labels on things like noodles, cereal and spices may show generic alternatives to be just as nutritious and high-quality as their top-shelf counterparts. The same concept can apply to non-food items such as paper products, hand soap and laundry detergent. Try to find more affordable alternatives for any such brand-name household items you buy. You can always switch back to your original choice if you’re not happy with the lower-priced alternative. ## 11\. Explore other banking options Banking fees can [drain hundreds of dollars annually](https://www.bankrate.com/banking/avoid-bank-fees-and-penalties/) from your accounts. Shopping for better banking options can eliminate these unnecessary costs: - Monthly maintenance fee waivers: Online banks like [Ally Bank](https://www.bankrate.com/banking/reviews/ally-bank/) and [Marcus by Goldman Sachs](https://www.bankrate.com/banking/reviews/marcus/) typically don’t charge monthly maintenance fees on checking or savings accounts. They also frequently offer higher interest rates than traditional banks. - High-yield savings benefits: Online [high-yield savings accounts](https://www.bankrate.com/banking/savings/best-high-yield-interests-savings-accounts/) currently offer rates around 4.00% APY, compared to the national average of 0.59%. Moving \$10,000 from a traditional savings account to a high-yield account could earn an additional \$300 or more annually. - ATM fee reimbursements: Many online banks and credit unions [reimburse ATM fees](https://www.bankrate.com/banking/these-banks-reimburse-atm-fees/) charged by other banks, potentially saving \$5 to \$15 monthly for frequent ATM users. - CD and money market options: If you have funds you won’t need for several months or years, [certificates of deposit (CDs)](https://www.bankrate.com/banking/cds/cd-rates/) and [money market accounts](https://www.bankrate.com/banking/money-market/rates/) from online institutions often provide significantly higher returns than traditional savings accounts. ## 12\. Compare car insurance rates If you have a track record of safe driving, it can pay to shop around for a good insurance provider that will reward you for your responsible behavior. [Compare other car insurance quotes](https://www.bankrate.com/insurance/car/average-cost-of-car-insurance/) with what you currently pay to see how much you can lower your premiums for the same amount of coverage. Those who don’t spend much time behind the wheel may be able to cut costs by going with [usage-based insurance](https://www.bankrate.com/insurance/car/usage-based-insurance/), which can tailor your coverage to fit how much you actually use your vehicle. ## 13\. Use coupons and promotional codes Couponing might sound old-school, but finding deals doesn’t always require clipping portions of the Sunday newspaper. When you’re shopping online, take a few minutes to search for a coupon code when websites offer a “promo code” box on the checkout page. [Browser extensions like Rakuten](https://www.bankrate.com/credit-cards/cash-back/best-cash-back-apps/#shopping) and Coupert automatically search for online coupons while you shop. Capital One Shopping is another tool that can find online deals automatically, and it’s available to everyone — not just Capital One customers. It works by searching for coupon codes, best prices and rewards at more than 100,000 online retailers. ## 14\. Challenge yourself to a spending freeze Try taking control of your finances by embarking on a spending freeze — also known as a [no-buy challenge](https://www.bankrate.com/banking/no-buy-challenges-in-2025/) — during which you cut all unnecessary spending for a set period. This could give you a sense of how much you’re spending on nonessentials like trips to the coffee shop. Add the extra money you have at the end of the month to your savings or use it to pay down debt. ## Bottom line If you’re serious about reaching your financial goals, our 14 tips on saving money offer you a good starting point. Now that you have a basic understanding of how to save money, it’s a good idea to plan where you’ll allocate your savings — and put your plan into action. For example, if you want to bulk up your emergency fund, transfer any savings out of your checking account each week or month so you’re less likely to spend it. If you need to pay down debt, create additional payments that automatically come out of your bank account. Whatever your goals, make the process of saving as effortless as possible. ## Frequently asked questions Did you find this page helpful? Help us improve our content
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