Top 6 Money-Saving Life Hacks


May 30, 2017

When it comes to your spending habits, small purchases can add up fast. You may not even realize how much you’re spending until you evaluate your expenses and discover that those daily meals out cost more than your monthly rent.

Of course, this works both ways. When you set just a small amount aside each month for savings or retirement, you may be surprised at just how big of a nest egg you can grow with so little effort.

It’s all about habits.

Developing the right habits can help you live a financially stable life, and if you learn good money habits early on, you can have peace of mind for the future.

If you’re trying to save money, check out the money-saving life hacks below.

Top 6 Money Saving Life Hacks Infographic

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How to Save Money Every Month

Applying the six habits found in the micrographic above to your lifestyle could potentially save you $3,677 each year, which could result in $230,604 if you invest those annual savings into a retirement account for 25 years.

Best of all, many of these life hacks aren’t difficult. They just require small tweaks to your lifestyle. Instead of buying coffee at a shop, make it at home. Instead of paying for cable, use a cheaper entertainment service. You still get your coffee and TV shows, but just in a different and more cost-effective way.

Remember that you don’t always have to cut something out to save money. At PSECU, we offer a 2% cash rewards* credit card. There is no annual fee and your cash rewards never expire. Using this card, you earn extra money that you can put into savings simply by purchasing your necessities.

Looking for more money-saving tips? Check out this post on easy ways to save money without really trying.

Click to Learn More About Our Free PSECU Savings App

Try a few of these money-saving tips this year. Even if you think that the extra money you may be spending is worth it, after changing your habits, you may decide that keeping that money is more important.

Find more money management tips on our WalletWorks page.

*You can earn 1.5% cash rewards on purchases. With checking and a qualifying Direct Deposit, you can earn 2%. See the PSECU Visa® Founder’s Card Rewards Program Terms and Conditions for full details.

The content provided in this publication is for informational purposes only. Nothing stated is to be construed as financial or legal advice. PSECU does not endorse any third parties, including, but not limited to, referenced individuals, companies, organizations, products, blogs or websites. PSECU does not warrant any advice provided by third parties. PSECU does not guarantee the accuracy or completeness of the information provided by third parties. PSECU recommends that you seek the advice of a qualified financial, tax, legal or other professional if you have questions.