How To Save The Most Money In The New Year

Dec 31, 2021 Holidays

Use these simple, yet helpful tips to set a goal to save more money this year. Create a plan, make it automatic, and cut costs.

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Is growing your savings one of your top priorities for the new year? More than two-thirds of Americans have less than $1,000 saved up, and the majority have no savings at all. Saving money shouldn’t be complicated; use our resource to help get you on track!

Ways To Save

Make A Plan

Budgets are the foundation to anything finance related. A budget, also known as a saving and spending plan, is simply a tool for allocating your income. It allows you to take control and dictate where you want your money to go in the future. Aim to build yours in such a way that allows you to reach your goals like saving for retirement or buying a home.

Pay Yourself First

Once you’ve determined your savings goal; it’s time to spring into action. When you receive income, first thing to do is pay yourself. This means putting money in savings before doing anything else to ensure you save what you need and not just what’s left over. This will help keep you accountable to your savings goals and help you build your budget using only your remaining income.

Automate Savings

To avoid a disconnect between what you want to do and what you actually do, it’s best to make saving automatic. Set up transfers that align with your pay cycle or have a portion of your direct deposit go to a separate savings account.

This not only makes it easier for yourself, but it also allows you to set it and forget it.


If every dollar earned is accounted for, every dollar saved should be accounted for too. Determine what you want to save for, establish separate accounts, and name them. The idea is that when you do this, you give added meaning to your accounts, making it harder to withdraw for unnecessary expenditures.

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Life Guidance for:


Ready to take control of your finances? See what steps to follow to develop a spending and saving plan and follow through on it.

Work It

As they say, “work smarter, not harder”. Get the most for your money by carefully reviewing your savings options. You may, for example, choose to deposit funds in a high-yield account like a special savings account or a certificate that pays more than a regular savings account. Explore options like our StartUP Share Certificate to start earning more.

Cut Costs

Saving can be even simpler when you begin to reduce costs elsewhere. After all, every small expense adds up. Start by reviewing policies, memberships, and subscriptions. Seek discounts or cancel services that are no longer used. Remember, saving just $50 a month is equivalent to saving $600 a year.

Additional tips:

Generate Income

There’s only so much we can do to reduce expenses. If the amount you’re able to save isn’t enough, get back to the drawing board and consider different ways to bring in additional income.



Providers and products are mentioned for educational purposes only. This in no way constitutes an endorsement or approval by A+FCU. Refer to the external organization’s site for the most up-to-date information as their products and terms are subject to change.

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Reach Your Goals


Take advantage of free financial education from our partner, BALANCE. From confidential coaching to videos and articles, get the resources you need to help with your fiscal matters.

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