3 Easy Ways to Spend Less and Save More

It can be hard to stick to a budget. Find out what simple tricks can help you keep your budget on track.

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3 Easy Ways to Spend Less and Save More

[video: Text appears on screen that reads: "Kiplinger presents 3 Ways to Spend Less and Save More". Text then appears reading: "Sponsored by Mutual of Omaha". This is followed by a business woman who begins talking to the camera. Text in the corner reads: "A special report from Kiplinger's Personal Finance".]

It can be hard to stick to a budget. Just like strict dieting can make you want to eat a bag of chips, excessive scrimping can trigger an urge to splurge. So here are three relatively painless ways to spend less and save more. These simple tricks can help you keep your budget on track.

[video: Text on the screen reads: "No. 1 Increase 'friction' in your spending".]

No. 1: Increase ‘friction’ in your spending

[video: Text on the screen reads: "Online autopay to swipe-and-go tags", followed by "turn off one-click purchasing" and "pay cash for everyday items"]

Today’s retailers are making it easier than ever to spend money. From online autopay to swipe‐and‐go key tags, they encourage us to spend without thinking. But you can slow things down. Turn off one‐click purchasing. Pay cash for everyday items. You could even wrap your credit and debit cards together in a rubber band to make using them more difficult. That extra bit of friction can add up to a lot less spending.

[video: Text on the screen reads: "Automate your savings".]

No. 2: Automate your savings

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One of the easiest ways to grow your savings is to automate the process. Have a set percentage of your paycheck deposited directly into a savings account. Then just sit back and watch your nest egg grow.

[video: Text on the screen reads: "No. 3 Save your spare change".]

No. 3: Save your spare change

[video: Text on the screen reads: "Buy coffee and donuts for $3.29" with the words coffee and donuts represented by illustrations of a disposable coffee cup and iced donut. A $0.71 appears with an animated arrow pointing to the word "savings".]

Some banks offer programs that help you save the “change” when you use your debit card. Grab coffee and donuts for $3.29, and an extra 71 cents goes directly into savings. Over time, the savings really add up. Start taking small steps like these today, and you could see a big difference in how quickly it can help you reach your financial goals.

[video: Text on the screen reads: "Kiplinger" followed by "Sponsored by Mutual of Omaha".]