5 Simple Ways to Increase Your Savings Rate | Save Your Savings | Reddit Personal Finance
Channel: AJ Mobile Money
Date: 2019-04-18

This video is about 5 Simple Ways to Increase Your Savings Rate.

Ask for a Discount
Comparison Shop
Shop offseason
Shop after major holidays
Save the difference in your average fluctuating expenses (Utilities - Electric/Water/Gas)

These are great money saving hacks for college students, single parents, low income families, and even those just chasing financial independence! Don't pay more than you need to, and Save your Savings! After you've saved using the 5 simple steps above, add it all up at the end of the month and transfer to your Savings Account or an Investment Account to help it grow. You can also make small transfers as you receive the discounts/savings, but I personally find it simpler and more efficient to just add it all up at the end of the month. This can add up much faster than you would think! 

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Recommended Videos:
SoFi Money Review: https://youtu.be/-zqTzJdzg1Y

M1 Finance Review: https://youtu.be/TNZxSn2cHQ4

Best Brokerage Accounts for Beginners: https://youtu.be/m2PKCq_U4eg

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