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Home / / It’s not about luck…YOU could save $200 a month!
It’s not about luck…YOU could save $200 a month! on 3/7/2020
How would your life change if you were able to save $200 a month?
Did you know that’s less than $7 per day?
It could be as easy as skipping a fancy latte and snack each day. If you make this a daily habit, save this little stash of money, and utilize it smartly… it can do wonders for your financial situation over time.
A few ideas to get the most out of your $7/day:
1. Build a safety net.
Start socking away that $7 per day (which is about $50 per week), and deposit it into a separate savings account. The key is to put this money aside and don’t touch it. After six months, you’ll have built a good safety net of about $1,200 to cover any emergency expenses that may pop up in your life– like car repairs or medical bills.
2. Pay off a credit card.
After you’ve completed #1 above, start putting that $50 per week toward an extra payment to your credit card that has the smallest balance. Once that credit card bill is pulverized, you can then add that bill’s payment plus your $50 per week, to your credit card that has the next smallest balance. Before you know it, you’ll actually have eliminated your credit card debt!
3. Watch it grow.
Open a Kasasa Saver account and that money that you're socking away will grow even faster! Kasasa Saver accounts earn higher interest than a typical savings account, so your money will work harder for you. Kasasa Saver is available with a Kasasa Cash or Kasasa Cash Back checking account.
4. Use budgeting tools.
As an MVCU member, you have access to free budgeting tools right inside your online banking!Explore these features in online banking.
Learn more
Category: Saving & Investing Money
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