When you work as a healthcare professional, finding the time to save money for what you want and need can seem daunting. These five tips can help take the guesswork out of saving for a rainy day.
Give yourself a monthly savings paycheck. Use automatic transfers from checking to a special savings account. If your savings goal is a specific item or vacation, plan ahead and deposit enough every month to meet your goal.
Discover discounts and pocket the difference. Look for special discounts based on your age, military affiliations, or other club savings. Additionally, use digital coupons at the grocery store and apply for auto insurance discounts every year. Then, add what you save to your PAHO/WHO FCU savings account so you can spend it later on what you really want.
Track your spending and watch your savings. Using Online Banking, track every purchase you make. This can help you better budget for the things you really want. Additionally, take a look at your savings balance every week or so. This can help you maintain motivation toward your goal.
Dust off your online subscriptions. We all love Netflix, Spotify, and Audible, but are you really utilizing all of your online subscriptions and apps? To locate all of your subscriptions, look for the charges on your checking or debit card. Then, decide which ones you really use. With the average American spending upwards of $273 a month, according to ZDNet, there’s a good chance you could save quite a bit of money toward what you really want.
Update Your Wireless Plan. Service providers are always adding new plans and family programs to their offerings. Once a quarter, call your wireless provider and ask about ways you can save money, either by reducing your available data, paying off phone plans, and more.
Boost Your Financial Wellness
More Financial Wellness Matters blogs on topics ranging from financial self-care to protecting your financial health are coming soon. Twice a month, we’ll dig a bit deeper into the relationship between financial health and overall well-being, shedding light on the behaviors and beliefs that drive money relationships. With simple tips and proven insights, we hope to enhance your financial well-being and help you live a healthier, happier life.