What Are Some of the Most Popular Ways to Save in the U.S. Today?

Saving is not always about putting your extra money into an account and watching it grow. It can also be about making cutbacks and watching your budget. 2019 will be the year when Americans do both—cutting expenses and saving the money saved by doing so.

Here are the most popular ways to save your pennies this year so that the dollars can accumulate.

Stop Buying Clothing

The fashion victim is not just about buying every new style and wearing it incorrectly. It can also refer to someone who doesn’t have the money but buys new clothes anyway.This is a stereotype that is forced down people’s throats to the tune of $1,800 to $4,800 per person every year. Shrewd shoppers have been to the puppet show and seen the strings. Clothing shopping is one of the first areas that will be curtailed this year.

Small Daily Expenses

Bottled water, takeaway coffee, and lottery tickets are small daily expenses that add up to a staggering total over the course of one year. Two takeout coffees a day adds up to over $2,000. Bottled water has been replaced by water filtered at home and transported in a reusable container.

If you are serious about saving for the future and investing wisely, you should visit the best financial planners in Cincinnati if you live in the area. You will get your very own personal advisor (CFA, CPA, CFP credentials) to create an investment portfolio that works for you in the short and long term. This also helps in understanding any long term investments and any miss selling pensions options too.


Whenever you turn on the electricity or water, it’s hard to imagine it as a precious commodity. If you systematically upgrade your house to be energy efficient, you will save thousands of dollars in the future.

In-App Purchases

There are many blog posts online with legitimate accounts of people who realized how much they spent on in-app purchases and monthly contracts when they had to change their bank account details for some reason. When their online banking details no longer correlated to their new bank card details, all the app functionality ceased. They were able to see how much those little drips of $5.99 here and $2.99 there added up to a torrent of cash flowing out of the account.

Some of the biggest culprits were music services, streaming services, in-app purchases to continue playing games—the algorithms of these games are set to get you hooked, and then make it impossible for you to progress in the game without in-app purchases—and monthly account debits for diet, exercise, meditation, brain training, and puzzle apps.

Restaurants And Bars

Going out once a month is good, but more than that and you are paying for the restaurant or bar owner’s savings account instead of your own. If you are too tired to cook, stick to take outs and home deliveries. Entertain at home.

When you start to pinch every penny you earn, your savings will grow, and that is peace of mind guaranteed.

Adam Hansen

Adam is a part time journalist, entrepreneur, investor and father.