4 Strategies to Save More Money in 2024 | St. Johns Bank

As we enter a new year, financial resolutions take center stage for many. If saving money is at the top of your list, you’re not alone.

In 2024, adopting strategic approaches to cut costs can significantly impact your financial well-being. Let’s explore four powerful strategies to help you save money and build a more secure future:

1. Budgeting apps and online tools. Budgeting apps and online resources are a game-changer in saving money. They can show you insights into your spending habits and identify areas where you can cut back.

Automatic transfers to your savings account are also a fantastic way to ensure that a portion of your income is consistently put away without conscious effort.

2. Cancel subscriptions. In the age of subscription services, it’s easy to forget about the free trials you signed up for that are now charging you monthly or the subscriptions you stopped using. These can add up!

Take a few moments to review your subscriptions and cancel unused ones. This can save a lot of money, and you can move right into savings each month.

3. Discounts and cashback rewards. There are so many discounts, loyalty programs and cashback rewards programs that can help you save. Look into credit cards and coupon apps that offer cashback or reward points for everyday purchases.

Accumulating these rewards can translate into substantial savings over time, and using discounts and coupons will help you save right away.

4. Improve energy efficiency. Did you know being energy-efficient can be good for your wallet? Invest in energy-efficient appliances, switch to LED lighting and consider a smart thermostat for optimized heating and cooling.

These changes might be more costly at first, but can result in long-term savings on your utility bills. Simple habits like turning off lights when leaving a room, adjusting your thermostat and unplugging devices after use can contribute to significant savings over the months.

Secure a healthy financial future for yourself in 2024 and let this be the year you save more than ever! Contact us for more financial tips and to start your banking journey with us in the new year.