Rate your agreement with the following statement: I am able to save money each month.
OK, thanks!
Keep reading to learn more.
Finances are one of the top stressors for individuals around the world and can lead to decreases in one’s physical, emotional and social well-being. And while money can’t buy you happiness, making sound financial decisions and maintaining good saving habits can help improve many aspects of your health, well-being and overall quality of life. With basic money saving skills and a commitment to making small changes in your life, you can save money each year so that you can live comfortably and attain your life goals.
There are two critical components of establishing healthy saving and spending habits:
Get organized by aggregating your important financial statements and documentation to understand your current spending habits.
Create a budget plan so that you can set a budget and track your monthly expenses.
Once you have a budget plan in place, try these helpful tips for saving on your everyday expenses and watch your savings grow over time:
Save on These Everyday Expenses
By Taking These Actions
Home
Refinance your home loan while interest rates are low
Reduce your energy consumption by purchasing energy efficient appliances, turning off your lights when you leave the room and lowering your thermostat settings
Food
Start your week with meal planning to minimize spending money on take-out and delivery
Create a grocery list before you head to the market — and stick to it
Start an herb or vegetable garden
Transportation
Get regular maintenance on your vehicles
Save on gas by taking public transportation, carpooling, walking, biking or signing up for a rideshare
Shopping
Shop smart with comparison shopping
Buy and sell gently used items
Earn cash back on your purchases by participating in cash-back and rebate programs
Taxes
Donate to a qualified charity
Participate in your company-sponsored and/or government-sponsored retirement, pension and savings plans
Contribute to a tax-free savings account (e.g., Health Savings Account in the U.S., Individual Savings Account in the U.K. or Personal Spending Account in Canada)
Monthly bills
Enroll in automatic recurring payments for a discount
Bundle your services (e.g., Internet, cable and phone)
Unsubscribe to unused, recurring subscriptions and memberships
Financial accounts
Sign up for low-interest credit cards and cash-back programs
Set up a no-fee savings account at your financial institution
Set up automated recurring monthly payments from your paycheck to a savings account
Assessment
Please indicate whether the following statement is true or false. Comparison shopping is a technique for saving money.
That's right, good job!
The correct answer is: True
Not quite!
The correct answer is: True
Did you know if you log in before completing this assessment, you can receive points and get credit for it in your activity tracker? Click here to log in.
We routinely update our privacy practices to improve your experience with AECOM’s Global Well-Being programs. This website uses cookies to improve your experience and allow you to set up your personal well-being account.
If you disable all cookies, you will not be able to access your account, which will affect your ability to participate in certain activities and challenges on this website. To obtain the best user experience possible, please enable all cookies. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team understand which sections of the website you find most interesting and useful.
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
Analytics Cookies
This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.
Keeping this cookie enabled helps us to improve the website.
Please enable Strictly Necessary Cookies first so that we can save your preferences!