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8 Steps to Save Easily And Automatically

  1. Record your expenses: The first step to saving money is to determine how much you spend. Record all your monthly expenses. You can use an application called "Personal Capital" to complete this step

  2. Establish a budget: Organize and analyze your expenses to easily establish a monthly budget and establish reasonable goals

  3. Plan to save money: Create a category of savings within your budget. Try to save 10% to 15% of your income

  4. Choose something for what you want to save: One of the best ways to save money is to set a goal. Then decide how much money you will need and how long it will take

  5. Decide what your priorities are: After your expenses and income, your goals will have a greater impact on how you distribute your savings. Make sure you have long-term goals in mind; like retirement

  6. Choose the right tools: If you are saving for several purposes, consider opening a bank account for each purpose. For example, a savings account, an investment account, an entertainment account, and a retirement account

  7. Automatic savings: Almost all banks offer automated transfers between their checking and savings accounts

  8. Watch your savings grow: Review your budget and see your progress every month. This will help you identify and quickly correct any problem, to save more money each day, and to reach your goals quickly

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