Consider increasing your income
Examples:
• If you don’t already, you could work a second job part-time
• Ensure you claim tax credits you qualify for
If you receive a tax refund, you could save part of it for emergencies or unexpected expenses, set it aside for annual expenses (insurance, back to school or holiday shopping), use it to pay down debts, use it to take care of car repairs, or set aside for household maintenance.
Now, the challenge is where to actually store some of that new income so you aren’t tempted to spend it. If you don’t have a place to set savings aside, it can be easy to spend the money on something else.
If you have cash, you could move the money you save into a savings jar or envelope in your home. Then, in order to keep it secure as it grows, you could deposit the cash into a savings account at a bank or credit union. Some people choose to load it onto a prepaid card.