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What are some effective strategies for increasing savings?
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1. Start by setting a budget each month and make sure to stick to it.
2. Automate your savings. Set up a direct transfer from your checking account to your savings account on the same day each month.
3. Try to find cheaper alternatives to items you buy regularly.
4. Take advantage of bonus programs and discounts, such as store loyalty cards.
5. Look for ways to increase your income by taking on a side job or working overtime.
6. Cut out unnecessary expenses and try to find free activities to occupy you instead.
7. Make a list of your financial goals and come up with a plan on how to reach them.
8. Shop during sales since this can help you get items at a discounted rate.
9. Avoid shopping impulsively, or if you do take advantage of sales or a discount code to save money.
10. Put any extra money you have towards your savings account.