5 savings tips you can use now

Runner lacing up shoes on the track
OCCU  -  09.21.2016

Let’s face it, if you’re in college or have recently graduated, saving money is difficult. Your focus is more on paying back student loans than thinking about your financial future. However, by making a few adjustments to your spending habits, you can start saving more and prepare for a better financial tomorrow.

Cut the cable

If you’re still paying for cable every month, it might be time to consider cutting the cord. Discontinuing your cable service could save you anywhere from $40 to $60 a month, depending on where you live and your provider. And with Netflix, Amazon Prime, and HBO GO, there are plenty of other cheaper streaming services to choose from.

Skip the local gym

Working out and eating healthy is good for you. Paying an overpriced gym membership is not. Avoid gyms around town that charge ridiculous sign-up fees. Some colleges that have an athletic center or gym will include a membership with the price of tuition. So stay fit on campus without spending that extra nickel.

Create a budget

Building out a budget isn’t just for parents. Simply taking an hour out of your day to see where you’re spending your hard-earned cash can go a long way financially. You’ll be able to identify unnecessary spending habits and then see what you can and cannot afford, saving you more money. Build a budget in 4 simple steps

Open a checking account

Opening a checking account is a wise investment for anyone serious about their money. With a checking account, you’ll be able to monitor your spending from the convenience of your smartphone. You’ll also earn 2.00% APY (Annual Percentage Yield) if you open a Remarkable Checking® account with OCCU. The best part? Never pay an ATM fee again.   

Be Committed

Just like studying or working out every day, saving money takes commitment. If you’re not committed, then it’s going to be even harder to save. But if you stick with it and make up your mind that you want more money in your pocket, then you can do it. So start making those small spending sacrifices today — your future self will thank you.