4 Savvy Ways To Build a Savings and Enjoy Life

by | Aug 9, 2018

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If you look up ways to build your savings on the internet, you'll get an abundance of articles that suggest making extreme lifestyle changes. From “don't eat out anymore” to “clip coupons” to “eat meat only once a week,” the suggestions are certainly effective, but they're not really enjoyable. You don't have to stop living, there are ways to build a savings and enjoy life, you just need to figure it out for yourself. 

When you're searching for ways to build a savings and enjoy life, you need to think about what the end game is. Do you want to have a certain amount of savings in the bank before a big purchase like a vehicle or home? Or do you want to just have that “emergency” fund set aside?

Most people have absolutely no clue how to build a savings and enjoy life, they think it's one or the other. You can definitely do both at the same time. It's honestly, a lot easier thank you realize.

If you're unwilling to sacrifice your happiness for more money, you're not alone. People like you have taken it upon themselves to share practical money-saving tips that require little effort on your part but that yield big results. This post shares the top four of them with you.

4 Savvy Ways To Build a Savings and Enjoy Life

Review Your Bank Account for Auto Withdrawals

    • Netflix
    • Ipsy
    • Barkbox
    • Magazines

If you were to review your bank account, you may discover that you spend an absurd amount on subscription products and services. What's an absurd amount? $237.33. That's right—the average American spends as much as much as $237.33 on monthly subscriptions. A MONTH! If you're serious about finding ways to build your savings, this is ONE way to CUT the outrageous spending

While some, such as insurance, utilities, and cell phone, are necessary evils, others, such as Flickr, Carnivore Club, and Winc are, well, a little less vital.

Review your bank account to see what, exactly, you're authorizing payments for each month and cancel subscriptions that you don't need. You could end up saving hundreds of dollars by giving your bank statement a cursory once-over. If it's something you just “can't live without” than budget it into your finances and figure it out. Chances are, you'll be able to live without it though.

Lower Your Car Insurance Premium

There are a number of ways in which you can reduce your car insurance premium. For starters, slow your roll on the open roads and drive with more caution. The longer you go without any traffic citations, the more your insurance premium will drop. If your insurance company offers it, get one of the devices to put into your vehicle to track for safe driver discounts.

If you are not that safe of a driver, think about taking public transportation, joining a car-pool, or riding your bike. Even if you are a cautious driver, driving less could significantly help reduce your rates. If you are a safe driver, talk to your insurance provider about safe-driver discounts. By putting forth a little effort, you may be able to reduce your car insurance rates by a couple hundred dollars a year.

Wait at Least 1 Day

Speaking of convenient spending…Online retailers have made it all too easy for individuals to purchase miscellaneous items at the touch of a button. While this is great for convenience purposes, it makes it all too easy for individuals to give into their purchase impulses. If there is something that you don't really need but just want, wait one day before deciding to make the purchase. You may just be surprised by how often you find yourself deciding NOT to make the purchase and to save the money for something else.

Carry & Use Cash Instead of Cards

One of the best ways to build your savings, is by using cash instead of credit or debit cards. Companies today have made it all too easy for people to spend money. You can swipe a debit or credit card at just about any location, and many places have even started to accept Apple Pay or PayPal, which means you can use your phone to make a purchase. While these forms of payment are convenient, they may be a little too convenient. Summon the courage to say no to plastic and Apple Pay and yes to cash.

Become your own financial advisor and carry only the amount that you plan to spend for the week. If your grocery budget is $100, your gas budget is $50, and your lunch budget is $75, carry $225. One that's gone, resolve to eat in, stay in, and play in until the beginning of the next week. You may be surprised by just how well you become at managing money by about week three or four.

With these four tips, it isn't. When you cancel costly subscriptions, reduce your car insurance premium, carry cash, and wait a day before purchasing, you may discover that saving money is actually a breeze.


Written by Anna C.

I am a wife and mother of two sons. We live in Rural Northeast Ohio with our 2 cats, 2 dogs & many fish. I love all things Supernatural, Harry Potter, elephants, sunflowers, crystals, occult, crafting, coffee, wine, and online shopping. Have a TikTok, PokemonGo & Elder Scrolls addiction, I've always loved plants, recently I became a houseplant mom, and am currently growing over 15 varieties in our home! Now if I could get my outside gardens to flourish I will be happy. When I'm not tending to the home, pets, plants, or hanging out on the couch catching up on my shows, I'm doing some type of crafting or DIY project. (Or I'm pestering my husband in the barn.)

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