3 Ways to Save Money on a Tight Budget

It’s time to figure out your money game. Here are ways to save money on a tight budget because you can save money and you can be on a budget.

HOW TO SAVE MONEY & SET A BUDGET

This post is brought to you by The Huntington National Bank and The Motherhood. All opinions are my own.

One of the things I think about when it comes to finances is budgeting and saving. I think most people struggle with these two things. I know we did, and we are still trying to finesse how we handle our finances – because setting up yourself financially doesn’t happen overnight. I talked a little bit about our financial goals this year and how Andy and I have been working on our financial goals for at least 3 years.

Last month, I talked about being a brand ambassador for Huntington Bank. I shared their values and mission as a bank to serve their communities better. One of the online banking features that Huntington Bank has is Spend Setter^SM . Andy and I are still working on how to manage our budget. With Spend Setter we are learning where we spend our money.

Spend Setter^SM is a tool that lets you set limits on spending in different categories such as groceries, clothing, lunches, family dining out, etc., and subcategories like work lunch, kids school lunch, etc. It helps keep you on track in real-time on your spending budget with both your Huntington debit card and credit card. Plus, you can customize the categories and budgets however you want to help you stay on track and on budget. This helps you to see where your money is going and how you’re spending it. So, if you need to work on budgeting, this is a crucial tool for you. And another tool, Huntington , send you alerts (message and data rates may apply)  to let you know if you’re on budget or going over.

One of the things we’ve been really good at (more Andy than me) is saving. And saving is hard. There are so many things that we need to save for. We need to have at least six months of salary saved.  A common recommendation is to have a six-month emergency fund just in case. We need to save for college for our kids. And then we just have things that we want to save for, which could be anything: a down payment on a house, making an extra mortgage payment, a family vacation (or staycation), a future house repair or renovation, or a car.

Saving efforts can be tough, but I do love the Huntington ^SM tool. You can customize your savings goal, and you can make several saving goals all at once (up to 10 goals). You get a visualization of your savings goals and how you’re making progress. You can set up automatic transfers of a specific amount from your Huntington checking account to your savings or money market account. The fact that  helps you save automatically is a game-changer, helping to tell you how much to save each week to help you reach your goals. That is what has helped us – the savings being automatic and consistent.

One of our financial goals this year was to buy two vehicles. Well, we got our first vehicle this September and we are looking for our second vehicle. We plan to pay cash thanks to the savings account. Now, with Christmas coming soon, we are adjusting and adding a saving goal for our family Christmas with the help of Savings Goal Getter and Huntington Heads Up.

Can you see the benefits of having tools like Huntington & to help you with your financial goals?

You can learn more about all these tools by checking out Huntington Bank. You can follow Huntington Bank on Facebook, Instagram, and Twitter.