Find money to save for retirement

You know saving for retirement is important. But like everyone, you have other financial priorities, too. How can you find extra money to save for your future? Take advantage of these everyday ways to save by logging in to your account to put those savings towards your future.

Small changes can make a big difference

Try cutting back in little ways—those small savings can add up.

FOOD

  • Eat out less. Bring your work lunch from home. If you go out to dinner or get takeout once a week, try cutting back to once a month.
  • BYOB. If you drink alcohol when you eat out, find a restaurant that lets you bring your own bottle. This can save you two to three times what you’d pay at the restaurant.
  • Make a shopping list. Make a list before you go to the supermarket and stick to it. If you’re like most people and shop when you’re hungry, a list can help prevent overspending.

ENTERTAINMENT

  • Cut the cord. Consider an online streaming service instead of cable. If you don’t want to drop cable, get a less expensive package or shop around to see if another provider could save you money.
  • Check out free or low-cost options. Local websites and newspapers can tell you about free or inexpensive parks, museums, and community events.
  • Attend minor league games. Going to a professional sporting event can be expensive, but a minor league game can provide a similar experience for a fraction of the cost.
  • Hang out with friends at home instead of going out. You can pitch in for dinner, watch movies, play games, and catch up. You don’t need to break the bank to spend time with friends.
  • Use the library. Reading is a great hobby—but when you read a lot, the cost of books can take its toll. Borrow books from the library instead. It’s free!

SHOPPING HABITS

  • Check your closet before you shop. How many pairs of shoes or jeans do you own? Think about whether you already have something before you pull out your wallet.
  • Don’t impulse buy. Whether it’s an online click or grabbing something by the register, it’s easy to buy things on impulse. Resist the urge. Instead, write it down and come back to it later. You may not still want it in a week.
  • Buy in bulk. When you buy items like paper towels or toilet paper, buy the biggest size. You’ll pay less per unit when you buy in bulk.
  • Look for sales or buy used. There can be a big difference between the cost of items on sale and full price. Buy things on eBay, via Craigslist, or at thrift shops. A little effort can yield high-quality, gently used items.

Put these tips into action

Creating a budget can help you see where you’re spending money and what you can trim. Try to cut back on your biggest expenditures by 10%―and make finding savings fun. Compete with your partner or friends to see who can spend the least on lunch for a week or who can find the lowest gas prices.

You don’t have to cut out all the fun—but if you cut back on expenses now, you’ll thank yourself later. Put some of that extra money away to help you achieve a retirement you can look forward to. Log in to your account or talk to a financial professional to see how much you may want to save today.