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How to Save Money on a Biweekly Paycheck

Ever since I was a kid I was brought up to be frugal and to save and budget money. * Disclaimer: I am not a financial planner.

Fortunately, there are plenty of ways that you can make saving money easier—and fun!

Save a set amount each paycheck.

The first step in creating a biweekly savings plan is to set a goal. It’s important that you define your own goals, rather than letting other people's goals influence yours. If you look at what they're saving, it can make you feel discouraged when you don't think the same amount of money is possible for yourself. Instead of worrying about what others are saving and what they're doing with their money, focus on setting realistic goals for yourself—and then sticking to them!

As an example: say that one person in your office saves $200 every paycheck and another saves $500 every paycheck. You might think that it's impossible for someone like yourself (with an average salary) to reach those numbers by any means other than winning the lottery or becoming independently wealthy from investing their entire life savings into Bitcoin mining hardware and handmade scarves on Etsy. But this isn't true! There are plenty of ways for ordinary people like us who aren't Elon Musk or Mark Zuckerberg to save large amounts of money over time without breaking ourselves entirely through extreme frugality measures or depriving ourselves unnecessarily...

Set up automatic automatic savings withdrawals from your checking account.

The first step to saving money is to set up automatic savings withdrawals from your checking account into a savings or investment account.

Automatic transfers are easy and convenient, but they can also be risky if you aren't careful with how you set them up. You need enough money in both your checking account and savings account so that your bills will still get paid even when the transfer happens. If not, overdraft fees could put a dent in those savings!

For example: Let's say that you want to save $25 every two weeks (that would be $50 a month). Your monthly expenses total $500 per month ($25 x 12 months). That leaves $375 each month for saving or investing—if there's not enough left over after paying all of those bills on time, then it might as well have stayed in the bank! So make sure that every time there's an automatic transfer out of one account and into another one (or even two), there will still be enough money left over in all three accounts afterward.

Use an app to automate your savings goals.

There are a lot of apps out there that can help you save money. If you're looking for an app to help you manage your finances, here are some suggestions:

  • Budgeting apps
  • Savings apps
  • Money tracking apps

These three types of apps each have their own benefits and drawbacks. A budgeting app will track all your spending for you, which is great if you need a little push towards saving more money. On the other hand, if all this information makes it too stressful and overwhelming for you, then maybe a savings app would be better suited to your needs—it'll put away a certain amount automatically every time it sees that there's enough money in your account (usually at least $5).

Set up multiple savings accounts for different goals.

If you're saving for multiple goals, it's important to set up separate savings accounts. You can open a savings account at your local bank or credit union and even online through sites like Ally Bank. Having multiple savings accounts will help you keep track of where all your money is going, which is especially important if you're trying to pay off debt or save for retirement.

It's also critical that these funds remain untouched: if there's any chance that you could be tempted to spend them on something else, separate them from the rest of your money by putting them in different places.

Setting up multiple savings accounts is an excellent strategy because it helps keep things organized and keeps the temptation factor down.

Think about small things you can do to save more money.

  • Use coupons
  • Buy in bulk
  • Buy used items
  • Use a budget to track your spending and stay within set limits.
  • Purchase generic products.
  • Purchase store brands instead of name brands when possible.
  • Shop around for the best deals on the items you need to buy regularly, whether it's groceries or gas for your car. You may find that you can save more than just the 5% or 10% off that coupon amounts to by shopping at different stores for each item, especially if one store has a sale on its competitor's product! If you're already making this switch from brand names to generics (at least some of them), making this switch will feel like second nature to you soon enough! The savings add up fast over time—and as we all know, time is money in our modern world where every second counts so much more than it did even ten years ago...
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Find a good interest rate on a savings account, and keep it there for a long time.

Find a good interest rate on a savings account, and keep it there for a long time.

It's pretty simple: banks pay you to save your money. The higher the interest rate they offer, the more they'll pay you over time. That's why it's smart to find an account with a rate that beats inflation, which has been hovering around 2% since 2013. You should also look for an institution with a good reputation—a highly rated bank will be unlikely to go under, unlike some shady ones that might not be able to pay back their customers' deposits if something goes wrong. They also need to have an online presence (with both desktop and mobile apps), as well as customer support available through phone or email in case problems arise.

Take advantage of some of the tools your bank offers, such as online money management tools and budgeting guides.

There are several tools available to help you manage your money. You don't have to be a financial expert or have a lot of extra time to learn about these tools, which can make managing your budget much easier.

Some banks offer online money management tools that are free and easy to use. These tools allow you to track how much money comes in each week, how much goes out for bills and other expenses and how much is left for savings or spending on non-essential items.

If you don't have access to such an online tool at the bank where you keep your account, don't worry; there are many available online for free! You can also find budgeting guides and tips on sites like YouTube or Pinterest if they're more convenient than reading through an article here on wikiHow (which they probably are).

These resources—whether they're digital apps or old-fashioned pen-and-paper worksheets—can help keep track of what's coming into and going out of your accounts over time so that it's easier for you to see where things stand at any given moment in time without having too many numbers swimming around haphazardly in your head!

Automate your deposits into your savings account by setting up automatic transfers from your checking account at regular intervals.

Now that you've set up automatic transfers to your savings account, it's time to make sure your money is safe and secure.

Here are some tips:

  • Use an online bank with strong security measures. Look for a bank that has the highest level of security available and offers mobile banking apps. The more convenient it is to access your money and manage your accounts, the more likely you'll be able to stick with it in the long run.
  • Keep only a small amount in your checking account at all times (ideally, less than $500). If possible, keep just enough cash on hand so that any bills due immediately can be paid from there; otherwise, withdraw from an ATM or transfer funds electronically if needed. This way there's no risk of overdrawing from checking at all—and therefore no fee!

Saving money is hard, but it can be made much easier with the right tools and techniques.

Saving money is hard, but it can be made much easier with the right tools and techniques. The most important thing to remember when saving is that you're going to have to work for it. No one likes having to do extra work for their money, but sometimes you need a little bit of discipline in order to achieve your goals. Here are some tips on how you can save money on a biweekly paycheck:

  • Save a set amount each paycheck
  • Set up automatic savings withdrawals from your checking account


The key is to keep your eye on the long term goal. It may seem overwhelming at first, but once you start saving money and get into a rhythm it will become much easier.


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