In Money Mindset, Saving Money

Small yet meaningful changes

There are many small, yet meaningful changes you can make in your life that could potentially have a huge impact on your life. From changing your mindset, habits, expectations, and realizations of where you currently are, there is a lot of room for improvement in all of us.

Here are five ways that you can get started on that improvement today:

Increase your retirement contributions by 1%

This might sound like a big step because you’re used to having the same amount in your checks every time you get paid. Trust me, 1% is hard to miss, especially when it’s pre-tax dollars. Give it a shot for a paycheck, if it’s too big of a step you can always revert back to your old contribution the next pay period.

Automate your savings

I don’t mean setting up an automatic transfer every month either. I’m talking about letting something other than your brain decide when you can save money.

I thought that I was budgeting every dollar I could and had little extra money to save. Boy did Digit prove me wrong! The system takes all your incoming and outgoing money into account, compares it against what your checking balance is now and then calculates how much extra money you’ll be able to save. It could be $5, or it could be 80 cents. Trust me, allowing Digit to take your emotions out of the picture will help you realize that you certainly do have some money you could be saving, no matter how small the amount.

Make a game out of saving

This is a great tip I learned from my friend Jason over at He shares his rule about spending – if he is going to splurge and spend money, he finds the best deal possible. Then he takes the difference of what he saved and puts that money into his savings account. Let’s say he wanted a $150 item, and he finds it on sale for $100. He would take the remaining $50 and put it into his savings account.

There are three reasons this can be extremely beneficial. First, it might stop you from spending that extra money in the first place, once you realize how much it’s really going to “cost” you. Second, you’ll start building up that savings account much faster than you’d realize. Thirdly, you’ll start changing your mindset of “just getting away with spending” vs actually having to take the time to think about the purchase and how it will affect your finances.

Figure out how much you’re spending

Even if you just go to, put in your accounts and let it show you how much you’re spending in each category. This is a great start.

I was shocked when Mint told me how much I was spending on food. It’s humbling to see how far off your “guesstimates” can be from the truth. I thought I was spending like $280 a month on food/drinks – nope – $520….for one person. I almost got sick when I saw that number. I won’t go back to that place again, but I’d probably still be there if I hadn’t had the courage to look.

Talk to people about your situation

It can be your spouse, family members, friends, a strange you’ll never see again, etc. You’ll be surprised at how much people open up and offer advice/support when you bring up the subject. You’ll find people who are in the same situation, have been there before and can offer help, or people who aren’t at that stage in their life yet to even want to worry about their future – all are okay. You’ll feel a lot better about your situation when you realize that others like you are going through similar things.

All of these ideas have the potential to make a stark change in your life, but most require a small effort. Success can start anywhere, but it takes effort. 

What are some other ways you have changed or that could change the trajectory of your future in small ways? 

Showing 7 comments
  • Ali

    Negotiating a bill (could be anything, but a cell phone bill sticks out in my mind) is a quick, easy way to save some money. If you keep track of that money and save it instead of spending it in other areas, that could really add up another time.

    Another option is asking for a raise at work. One conversation could have a big impact on your salary!

    • Chenell Tull

      Thank you for sharing, Ali! I love both of those ideas, One for making more, one for saving more – touche! 🙂

  • Bryan

    Automating our savings was a crucial step for us with our budget. We then started to “fund” individual accounts for saving goals like travel, cars, furniture, and other items important to us.
    When we were ready to buy an item, we simply needed to transfer money out of the specific fund to pay cash for our purchase. This keeps us from over spending and we feel like we are working from a position of strength.

    • Chenell Tull

      I like the idea of making your money less accessible! As you might know, I’m a total advocate of saving for different items through different accounts. Did you have physically separate accounts or did you use something like You Need A Budget (YNAB)?

      • Bryan

        I do it “old school” by having one savings account that I track with a separate spreadsheet that keeps a running total of my fund balances. I just changed that from individual accounts with a credit union earlier this year that I closed. My nature was to reconcile every account each month in Quicken so that added a lot of work.
        Now it is one savings account, but split in my spreadsheet by fund.

  • Good Nelly

    Exclusive money saving mantra: Maintain a friendly relationship with the store manager & collect information on special offers so that you can save money on your purchases.

pingbacks / trackbacks

Leave a Comment

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt

Start typing and press Enter to search

mba paid off in 2 yearsshould i pay off debt or save money