This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
Six ways to increase your savings
When you don’t have any savings, this signals that it’s time to shift your habits immediately to produce a different result.
2 Ways To Find Money To Save
Though it might seem impossible to find the money you’re seeking to save, you can find money in different ways:
Instead of purchasing non-essentials, use this money to invest.
Increase your income.
These are two clear strategies that work if you want to invest more. But if you can decrease your expenses, this is the easiest way to reallocate your finances to help you start investing and saving.
3. How Zero Balances Help You Save
As a kid, my first zero balance was $100.
I knew my bank account could never go below $100, which was my savings.
As time went by, I increased my zero balance.
A zero balance is a number you will hold in your bank account no matter what happens, and you will never go below that number. If you do, it feels like a self-imposed overdraft fee.
Zero balances are significant because they position you to practice always having money, no matter the circumstances.
4. Automate Your Investing
When something is automatic, there is little effort required. Start investing/saving your money at the highest but also the most reasonable number you can comfortably set aside.
This number could be $25, $50, $100, $500, or $1000 – depending on your financial circumstances.
If it helps to break it up, divide the number by weeks and put a smaller amount away each week or bi-monthly so you feel less pain.
Over time, though, the more you invest, the less you will feel. I don’t feel anything when I invest. I simply wave goodbye to my money and encourage it to work profusely on my behalf.
5. Think Of Investing As The New Spending
Instead of spending a significant amount of money every month on pointless items, I invest. My spending budget is my investment budget.
When you finally realize how powerful investing is, you become more conscientious about utilizing your money.
The more money you set aside, the harder it will work for you.
6. Practice Patience
Patience is a virtue; it is my favorite trait of a human being. The more patient you are, the more powerful you are and the more likely you are to reach your goals and attain what you desire.
Investing is like losing weight. At first, you don’t notice much difference, but after a while, you gain energy, your clothes start fitting better (or you have to buy new, better-fitting ones), and you feel and look different.
Investing is the same way. At first, there won’t be much difference, and the amount might seem small, but over time, it steadily grows. It takes years for it to grow. So it’s best to put it in and forget about it.
I love how Warren Buffet belabors the idea of buying and holding forever. The longer you hold, the more chance you give the market to recover.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.