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Tips to Get Your Financial Life in Order

6 Ways to Save More by Saving Smarter

Practical advice to get your 20/20 financial vision

David C. Wyld
5 min readMar 8, 2020

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Photo by Sharon McCutcheon on Unsplash

When you made your resolutions at the start of the year, was saving money one of them? How’s that going?

According to the third annual “State of Savings in America” survey by PurePoint Financial, a digital bank and division of MUFG Union Bank, half of Americans believe creating a savings plan is an important goal — but nearly a third think it’s more likely they’ll achieve their “dream body” in 2020 than reach an annual savings goal. And 51 percent think they’re more likely to travel to an exciting new place than achieve their savings goal this year.

While 84 percent of Americans said they were saving for something, only two in five felt confident about their money-saving habits — regardless of their age.

What are the most effective strategies when it comes to saving money? Here are some practical tips to follow to save smarter.

Photo by roya ann miller on Unsplash

1. Establish a goal

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David C. Wyld
David C. Wyld

Written by David C. Wyld

David C. Wyld is a Professor of Strategic Management & Consultant. Follow him here on Medium for his latest publications. He supports his fellow Medium writers.

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