FintechMode Money Saving Tips

4 Money Saving Tips For 2023

Money saving is essential, and it can be pretty easy. Apply these tips to your life, and you’ll be able to save money without cutting back on your lifestyle.

Make a Budget

To make sure you’re spending your money wisely, it’s essential to budget. That means taking stock of your monthly income and expenses and creating a plan for where the money should go.

Here are some tips for making your budget:

  • Keep track of everything you spend. Write down every purchase, no matter how small or seemingly insignificant. You might be surprised by what you find!
  • Make sure that all the categories match what you spend money on. If there are categories that don’t apply to you, don’t feel like they need to be part of your budgeting process. 
  • Don’t forget about non-monetary costs. Those could include things like gas mileage or monthly subscription services like Netflix.

Use Direct Deposit For Money Saving

Direct deposit is the fastest way to get paid. It’s convenient and avoids the potential for fraud and fees that come with many other options. If you haven’t tried direct deposit yet, now’s a good time to start!

First, sign up for direct deposit through your employer’s HR department or benefits portal, which should be listed on your employee handbook. Many companies will give their employees a few weeks after starting a new job to set up direct deposit. After that point, you might have to wait until annual open enrollment rolls around again.

Talk with an accountant or financial adviser about how much should go into each account and what kind of tax bracket you’re in. It is a crucial step many people tend to overlook.

Make an Extra Loan Payment a Year

You might be surprised to learn that saving money on your car loan is possible. Many people don’t know that you can pay off your car loan faster than the standard schedule. Making additional payments on top of your regular monthly payment will help you pay off your loans faster and save money on interest. It can also help get you out of debt quicker if you have multiple credit cards or student loans in addition to a car loan.

The easiest way to do this is by scheduling an automatic principal reduction payment through your lender. Set up an automatic transfer from another bank account that goes directly into their account every 30 days.

If nothing changes in terms of interest rates changing after the origination date, then theoretically speaking – after two years, one could payoff almost double what was originally owed!!

Turn Down the Heat

There are many ways to keep warm without spending money on the heat. 

Turn down the thermostat at night, use space heaters to warm up a specific area, and use blankets and layers to stay warm.

If you’re considering buying a new heater, make sure it’s energy efficient so it doesn’t take a toll on your budget.


These tips will help your money saving efforts and make your finances easier to manage. It may not seem like a lot, but these things can add up over time.