Are you looking to boost your savings but unsure where to start? Let's explore five habits that successful savers swear by. With these tips and the help of bunq, your bank account will thank you!
1. Budgeting is Key
Successful savers know that budgeting is a critical part of maintaining a healthy bank account. By keeping track of your income and expenses, you'll have a clear picture of where your money goes each month. This can help you identify areas where you can cut back and save more. Check out bunq's easy budgeting feature for a hassle-free way to spend with confidence, without having to worry about going over budget. Additionally, there's a little gem of a bunq feature that's super easy to use, yet can save you up to 10% each and every month. It's called bunq Insights and it's very simple. Simply by using bunq for your everyday expenses, the bunq app will automatically categorize your spending, so you always have valuable and up-to-date insights into where your money goes, and where you maybe have to cut back a little.
2. Automate Your Savings
Of course saving money is way more than just managing your expenses. Why not make saving effortless, so you add money to your savings without having to think about it? Setting up automatic transfers to your savings account ensures that you're consistently saving without even thinking about it. bunq's AutoSave feature makes this process seamless: paid €4.20 for a sandwich? bunq will automatically add the 80 cents change to your savings. Who knew eating delicious food and growing your savings could go hand in hand?
3. Diversify Your Savings
Don't put all your eggs in one basket! Consider opening multiple sub-accounts for different savings goals. Whether it's for a vacation, emergency fund, or a down payment on a house, bunq's sub-accounts can help you keep everything organized.
4. Save First, Spend Later
One common trait among successful savers is that they prioritize saving. Instead of saving what's left after spending, they spend what's left after saving. By adopting this habit, you'll be amazed at how quickly your savings can grow.
5. Review and Adjust
Remember, your budget isn't set in stone. Life happens, and your financial situation can change. Regularly reviewing and adjusting your budget and savings plan can help you stay on track toward your financial goals.
Becoming a successful saver doesn't have to be complicated. By adopting these habits and utilizing bunq's features, you'll be well on your way to achieving your financial goals. Ready to start saving? Join bunq today!