National Savings Day: 5 ways to start saving more money

National Savings Day: 5 ways to start saving more money

Saving money is highly important, particularly amid rising costs of living and recession woes.

On the occasion of National Savings Day on October 12, start your journey to save more money by following these simple steps.

1. Open a high-yield saving account to get the best benefits depending on your financial profile.

2. Reduce everyday expenses by eliminating unnecessary purchases.

3. Boost your income by opting for some side hustles.

4. Increase debt repayment by paying your mortgage, student loans or credit cards as soon as you can.

5. Automate your savings to funnel money into a high-yield savings account.

Follow a basic budget routine to keep your spending in control and maximize savings.