Ways to Be a Better Saver
Pay yourself first
Make saving a part of your monthly budget by putting a designated amount of your paycheck into a savings account. Setting up a direct deposit or automatic transfer to your savings account will keep the money out of sight and out of mind, reducing the temptation to spend it.
Stash your extra cash
When you receive extra cash, like a tax refund, employee bonus, or birthday money, deposit it into your savings account before you're tempted to spend it. Or, if you've just paid off a loan, begin making that same monthly payment into a savings account.
Understand the difference in "needs" and "wants"
One of the most important and most difficult aspects of successful saving is reining in unnecessary spending. Impulse spending can siphon away any money that might be added to a savings account. Before making a purchase, consider whether you really need it. How important is it to have the latest version of your mobile phone or another pair of shoes to add to your growing collection? This doesn't mean you can't have any fun, just be sure your spending is planned and in control.