how to create a web money acount solve yourself with PayPal right now Learn to save money with these three steps 1. Choose your bank. Most banks will allow you to create a special savings account, which they claim makes your bank balances easier to track and easier to manage. In addition, your savings account does not incur fees (unlike a normal savings account). The best savings accounts typically offer you a higher interest rate than you'd earn elsewhere, plus you can find some that give you free checking. 2. Collect your receipts. Most banks offer electronic receipts, so don't forget to log your receipts in your savings account. This way, if your debit card is lost or stolen, you won't have to spend hours researching your bank to see if you've been overcharged. 3. Set up automatic payments. Rather than pull out your checkbook and sign a check, enter the amount of each bill in your online banking and pay it as soon as it's due. However, a savings account isn't the best for setting up regular automatic payments because there is no penalty for putting the money aside and not making the payment. Over time, the money you save on fees will more than pay for the $4 fee for debit card usage, and you won't be able to stop yourself from overspending just because you have the cash. By scheduling automatic payments for all your bills, it will help you budget and stay out of debt. Once you get into the habit of consistently saving money, you'll find that it gets easier and easier, as you're not having to think about it. And it will probably take just a few days to replace your average monthly spending of $130 with an average of $50 per month. While saving money on banking fees can be very rewarding, it takes time to get used to living on less. However, if you'll commit to the process, it is well worth the effort. You may be surprised at how fast you're able to build an emergency fund and save up for a special vacation. Firstpost is now on WhatsApp. For the latest analysis, commentary and news updates, sign up for our WhatsApp service. Do you have an interesting savings account you'd like to share? Let us know in the comments below Mia McMillan is a Financial Analyst at Pick and Save, an online retailer of groceries. Pick and Save is an awesome site with everyday low prices on groceries and everyday deals on all your household and gardening needs. They also offer $5 cash back and promotions every week, the site also offers $30 worth of groceries for just $10 and $20 cash back at select stores each week.
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