Here are a few things to consider:
Automatic savings plan
Research shows the easier it is to save, the more likely you are to add to your savings. Take the easy route and automate your savings.
Taking money from your paycheck and depositing it directly into your savings is a critical — yet easy — money habit that enhance riches. When the money is automatically saved, it is not seen, so it is not missed. No longer will you make the mistake of having no money left over after paying bills and grocery shopping.
Up mortgage paymentsYour mortgage payment is likely your biggest household expense. Have you considered rounding up your payments? Every little bit helps.
For example, say you have a monthly mortgage payment of $954.83. If you round up your payments to $1,000 by putting in an extra $45.17, you’ll pay off your debt two years and five months early. For more ideas, try using a mortgage calculator.
Personalize accountsSome banks let you set up sub-accounts, like “new laptop,” “wedding dress,” or “summer home.”
This is something to consider. Research shows that those who label their savings accounts put away 31 percent more money than those who don’t. Having a name that reminds you what you’re saving for makes it real and is quite motivating.
See the futureIt is easy to be preoccupied with the here and now. Many feel if they’re paying their bills and there’s food on the table and gas in the car, that's all that matters..
But you’ve got to think ahead, and connect your future with your present. Why? Because research shows that when you visualize, you’re more likely to save money. Visualizing your life in 10 years can help. So can leaving out photos of your goal. Visuals remind us that the future is coming, and we'd better start planning — now.