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Saving money can seem like a daunting task. Most financial advisors recommend having between three and six months of expenses saved for emergencies. Then, they recommend investing for long-term goals like financial independence and retirement. At low income levels, it can be difficult to save money. However, there are little things that can help those who are looking to save money.

Become Debt Free

One of the biggest expenses many households will have each month is debt. Not only will some of the debt payments go toward paying down the actual loan balance, much of it will likely go toward interest. Many households will owe hundreds in interest each month. By paying off debt, it’s possible to avoid a large budgetary expense and increase savings.

Eat At Home

Restaurant meals are expensive. Groceries can be expensive, but they will generally cost much less than meals out. By eating at home more, some households can save thousands each year. That money can go toward long-term financial goals.

Use Cash

Credit cards are convenient, and they can provide cash rebates or travel rewards. However, many people spend more than they would otherwise spend when they use cards. Those who find that they spend frivolously when using a credit card would do well to use cash instead. The difference can go straight into a savings account or toward investments.

Look For BOGO Offers

Many retailers offer buy-one-get-one-free deals periodically. These retailers, which include grocery stores, have BOGO offers to entice people to spend on other goods. However, those who are strategic can take advantage and stock up on items that they’d use anyway. Even if there are no BOGO offers, other discounts or coupons can provide a great opportunity to cut down on expenses. The money that’s saved can go toward long-term financial goals.

Save Automatically

Those who are looking to obtain long-term financial stability will want to pay themselves first. This involves setting up an automatic deposit into a savings account, a 401(k) or an IRA. Automatic savings can start to compound, and starting earlier is definitely better.

These five little things can go a long way toward improving a household’s savings rate. Higher savings rates are associated with a higher level of financial stability. Over time, saving and investing money can lead to financial independence and a comfortable retirement.