Are you planning on setting aside more money for savings? You are not alone. An Equifax survey revealed that about half of Americans plan to save more money and improve their credit score. Another third is planning on establishing a personal budget.

Planning your financial goals for the upcoming year is ideal. More savings can help you with future expenses, such as costly purchases and possible investments. It can be easier to accomplish these goals if you are willing to improve your habits and utilize budgeting tools. Here are a few easy ways to save more money in 2023.

Budgeting Apps

Despite the negative connotations of “budget,” it’s still essential to follow a budget to ensure you’re living a meaningful and happy life. A budget can help you monitor spending and set goals to ensure you get the most out of your money. Numerous budgeting apps allow you to set goals and manage your finances.

High-yield Savings Account

Setting aside money for emergencies should be prioritized, and placing it in a high-yield savings account is crucial. A low APY account can prevent you from earning more interest, and switching accounts could increase your account balance and yield better returns. Currently, numerous high-yield accounts pay competitive rates.

Automatic Transfers

Setting aside money can be challenging if you’re not following your savings goals. However, with automatic transfers, you can quickly transfer money from your checking account into your savings account regularly. This practice can help keep you on track and ensure you’re not falling behind.

Negotiate Bills

Another way to free up some cash is by negotiating your bills, as some providers may be able to provide you with a better rate by asking nicely. For instance, if your ISP offers you a lower promotional rate, you can use the money saved to set aside for savings.

Subscription Management

If you’re not using many services, paying for them can be a waste of money. One way to avoid this is by canceling or pausing your subscriptions. Doing this will allow you to reach your savings goals and avoid getting hit with multiple bills.


This blog/website is only made available for educational purposes. It is designed to give visitors general information and a general understanding of select financial topics. It is not intended to provide specific financial or investment advice. Conduct your own due diligence or consult a licensed financial advisor/broker before making any and all financial/investment decisions.