Tips to save money

Tip no.1- ELIMINATE YOUR DEBT

Start with the debt if you're trying to save money through budgeting but still have a lot of debt. Still not persuaded? You'll quickly realise if you add up how much you spend each month on debt service. When you're no longer paying interest on your debt, you can easily put that money into savings. A personal line of credit is one way to consolidate debt and make it easier to pay it off.

Tip no.2- SET SAVING GOALS

Visualizing what you're saving for is one of the most effective strategies to save money. Set saving goals and a deadline for yourself if you need inspiration. Want to buy a property with a 20% down payment in three years? You now have a goal in mind and know how much money you'll need to save each month to reach it. To achieve your goal, use the Regions savings calculators!

Tip no.3- SPEND TO SAVE

Utility bills rarely decrease over time, so take control today and weatherize your home. Request an energy audit from your utility company or identify a licenced contractor that can perform a whole-home energy efficiency assessment. It might be as simple as sealing windows and doors, or as complex as installing new insulation, siding, or ENERGY STAR high-efficiency appliances and goods. Over time, you might save thousands in utility expenditures.