Be $1,000 Richer by Next Year with These Simple Savings Strategies

By

Wow! May is already here—and if you’re like many Americans your savings account balance is still stuck where it was at the beginning of the year. So what to do? You can’t make up for lost savings opportunities…or can you? We believe that you can with a little bit of discipline. For example, saving $125 a month can be as easy as:

  • Renegotiating your mobile phone, cable and other subscriptions.
  • Reducing the number of takeout meals you consume.
  • Relying on yourself to clean your home or mow the lawn instead of paying for third-party services.

Try these and a few more simple tips for saving serious dollars over the course of the next eight months and you can easily save at least $1,000—which you can deposit directly into your savings account for a kick start to your 2017 financial goals.

Steven M. Ellard, CPA

Steven M. Ellard, CPA, owns Steven M. Ellard, CPA, an accounting firm on Cape Cod, Massachusetts. He has more than 30 years of accounting and tax experience. His firm handles bookkeeping, payroll, tax and accounting for local businesses, with tax planning that runs all year instead of only at filing time. In 2015, Intuit named the firm one of its 20 Firms of the Future in the country.