How to Save Money from Your Salary:  Simple Tips to Grow Your Bank Account

Learning how to save money from your salary or paycheck is the first step when working toward your financial goals.

Money is a tool that needs to be put to good use.  You want your money to work for you so someday you won't have to work for it.

Here are a few simple tips to help you succeed with saving money from your salary or hourly pay.  

Pay yourself first.

Contribute to your retirement account and save money before you spend any.

Reduce your taxable income.

Use tax-advantaged accounts to reduce your tax bill and save for your future.

Use a high-yield savings account.

Increase your bank account balance by using a high-yield savings account to earn more interest.

Automate your paycheck.

Automatically depositing money into your accounts will make it easier to save every month.

Know the truth about your spending habits.

Learning where you overspend will help you reduce expenses so you can save more money from your salary.

Develop a budget and stick to it.

Making and sticking to a spending plan will help you live below your means and save money from your paycheck.

Tap below to learn more tips to help you successfully save money from your salary every month.