Back to all articles

Saving Money from Scratch

Let’s start stashing some cash!

Every journey begins somewhere, especially when it comes to implementing positive money habits. We all want and strive to save more, but beginning that journey is sometimes easier said than done.

So how do you save more money when it feels like you’re starting from scratch? In this article, we’ll explore a few tips and strategies to help you build a strong foundation for your financial future and start saving money today!

Review your budget

Before you can start saving, you need to understand the full scope of your finances. Having a budget allows you to track your income and expenses, and ultimately identify where you can cut back on unnecessary spending to free up some cash for saving. Make sure to revisit your budget often and adjust it when needed. If you need some help staying on target, try our free budgeting tool, Money Management.

Know your options

The beauty of saving money is the plentiful options available to you! Whether you’re looking to save for the short-term or well into the future, there’s sure to be an account to help you reach your goals. From our Clearview savings account that can help you build a solid financial foundation to saving for your retirement with an Individual Retirement Account (IRA), we have an option to fit your needs.

Make it automatic

How about trying a “pay yourself first” approach? Scheduling a recurring transfer allows you to automate the process of moving money into your savings account. You can set up these transfers to occur each time you get paid, during certain times of the month, or whatever fits your schedule and needs. Doing this is one of the most effective ways to save money consistently because you simply just set it and forget it!

Try a savings challenge

Who said finances can’t be fun? If you need a little motivation to start saving, try out a fun money challenge to reach your goals. From cash-only-for-a-month challenges to yearlong endeavors, there’s a challenge out to fit your budget, goals, and lifestyle. Doing this will also help you set and implement positive money habits.

Saving money from scratch might seem daunting, but with the right strategies and commitment, you can achieve your financial goals. Always remember that financial wellness is a journey and building a strong financial foundation doesn’t happen overnight. Stay focused, be patient, and stay disciplined in following your plans to start saving. Before you know it, you’ll achieve your goals!

View all blog posts under category Save View all blog posts under category financial wellness View all blog posts under category save money View all blog posts under category saving money View all blog posts under category savings account View all blog posts under category start saving View all blog posts under category start saving more

Recommended for you

How to Financially Prepare for a Baby

With the arrival of your bundle of joy comes a new set of expenses and family budget. So how do you financially prepare for a baby? Clearview's here to help!