10 Different Ways to Turn Spending into Saving

10 Different Ways to Turn Spending into Saving

If you think it's time to reevaluate your spending habits in order to save more money, these tips may be exactly what you're looking for.


Here are 10 easy ways you can turn your spending habits into saving habits:

 number one in blue box  Research before you shop.

Before you go to the store, go online and look for the lowest prices. You’ll find some stores have different prices for the same products. Make sure you’re getting the best deal!

number two in blue box  Sleep on purchases that aren’t a necessity.

If something catches your eye but it’s not a necessity, sleep on it to prevent making an impulse purchase. You’ll benefit from the time to think whether or not it is financially responsible for you to spend your money.

number three in blue box  
Track your spending!

Tracking your spending and budgeting is so important. Having a visual of what you spend is a great way to put things into perspective and it might make you take a step back. Luckily, there are many apps that can help you with this (some will even create a budget for you).

number four in blue box  Use more cash.

Using your credit/debit card can make it too easy to spend money. Seeing actual dollar bills might make it a little more difficult to buy those $100 shoes.



number five in blue box  Shop with a list.

A list is a useful way to get in and out of the store. Only buying what’s on the list and will stop you from “window shopping” and making unnecessary purchases.



number six in blue box  Know the difference between wants and needs.

If you are really trying to make cut backs in your spending, this will help. Distinguish what your necessities are vs. what you want to buy.



number seven in blue box  Reward yourself!

If there is something you are really wanting for yourself, make it happen through budgeting. If you weren’t a super spender all month, it’s okay to reward yourself with that new shirt or pair of shoes!



number eight in blue box  Swap out brands to cut back.

Often times you can hardly tell the difference between regular and generic brands. Switching brands can be almost unnoticeable and help save a pretty penny!



number nine in blue box  Stop stress/emotional spending.

Some people use shopping as a stress reliever and will go on a huge shopping spree to take their mind of things. If this is you, find a new hobby or activity to replace walking the mall!

Pro tip: Instead of shopping, try running or reading a book! These can be relaxing and can help focus your mind.



number ten in blue box  Take advantage of coupons and V.I.P programs.

Coupons are wonderful. They can save you tens of hundreds of dollars’ over time. Apps and the internet have made it so easy to find and download them right to your phone.

And many stores have V.I.P programs that can save you a percentage of your purchase. Look to see if your favorite store has one!


This post was shared from our original howdoyoucu.org site.


American Eagle Credit Union  offers Purchase Rewards--a free program that lets you earn cash back for qualifying purchases made using your American Eagle Credit Union Visa debit card.  Visit our resource center for more financial tips or become a member today Questions?  Call our Member Contact Center at 1-877-325-2848 or contact us online.

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