Saving money isn’t a magic trick- it’s a journey. We know life gets in the way, and setting money aside can feel impossible. But here’s the thing: saving doesn’t have to be all-or-nothing. It’s about small wins that add up over time.
This week, we’re sharing five simple tips to help you take control of your financial future. No judgment, just real strategies and small steps to brighten your future, one day at a time.
Day One, April 7th: It's Not About Saving Everything, It's About Saving Something
Tip #1: Start where you are. If saving feels like an impossible mountain to climb, break it down. Start small.
Take 10 minutes today to identify one small change you can make to save more. Maybe it’s skipping dinner delivery once a week, packing lunch instead of eating out, or cancelling streaming services that you aren’t even using. Start small and see how it adds up over time.
The Goal: It’s not about saving everything—it’s about saving something.
Small savings can make a big impact - learn about microsaving- easy, actionable tips that’ll help you grow your savings, one step at a time.
Day Two, April 8th: The 50-30-20 Rule - Simplified
If the word “budget” makes your eyes glaze over, we’ve got a game-changer for you. It’s called the 50-30-20 Rule, and it’s a low-pressure way to get your finances on track without the stress. Recommended by Anita, our Woodstock Branch Manager, this mindset helps you balance your spending… while still leaving room for life.
Curious how it works? Read Anita’s tips and a success story from someone who made the 50-30-20 Rule work for them.
Day Three, April 9th: Thrift Your Way to Savings
Who says you can't save while shopping? Thrifting isn’t just about finding unique items- it’s also wallet and eco-friendly. Kelly, from Loan Servicing, has scored some amazing treasures through her thrifting hobby and uses Digital Banking to set aside money for it.
"Thrifting combines my love for saving money and interior design, making it the perfect budget-friendly creative outlet. It's like a scavenger hunt where the prize is an amazing deal! The Cash Flow tool in my digital banking app helps me track my spending, and whatever’s left over? That’s my budget for thrift store treasures!" – Kelly
Kelly's Top 3 Treasures!
TV Console
Kitchen Sink
Genuine Leather Loveseat
How It Works:
- Hit up local thrift stores or online marketplaces for items that are both cheap and eco-friendly.
- Use the Cash Flow tool through Digital Banking to keep tabs on your day-to-day spending- and use the remaining balance to fund your thrifting obsession.
Bonus Tip: Every dollar saved by thrifting fuels your savings and helps the environment. It’s a win-win!
Day Four, April 10th: Nickname Your Accounts & Automate the Process
Are you still treating your savings like a vague, unloved account called "Savings #1"? You deserve more than that- let’s make it personal.
Bryan, our Hurley Avenue Branch Manager, recommends giving your savings accounts fun, motivating nicknames like “Vacation Fund,” “Emergency Cushion,” or “Dream Home.” Every dollar has a purpose when it's tied to your goals.
Pro Tip: Automate transfers to these accounts to make saving effortless. You won’t even miss the money if it’s automatically deposited into your goals each week.
Want to see just how easy it is? Check out our videos to learn how to nickname your accounts and set up automatic transfers today! Watch now and start simplifying your saving process.
Day Five, April 11th : Start Saving for the Holidays – It’s Easier Than You Think
The holidays will be here before you know it, and so will the expenses. Start saving just $20 a week in your Holiday Savings Account now, and you could have $500 by October—giving you the freedom to enjoy the season without the financial stress.
Pro Tip: Set up automatic transfers to make saving effortless- your money will go straight into your account based on the timing you select; so you won’t even miss it.
How to Start:
Open your Holiday Savings Account online or at your nearest MHV branch. The earlier you start, the more you’ll save- making this holiday season joyful and stress-free. Start now and give yourself the gift of peace of mind!
