(SPEECH)
[CLOCK TICKING]
(DESCRIPTION)
A dial timer, a digital timer, an hour glass.
(SPEECH)
BRYAN: (DISTANTLY) Amber? Amber? Amber! That's
(DESCRIPTION)
A woman and a man sit at separate desks against a white background, Amber facing away and the man facing forward.
(SPEECH)
the fifth time you've checked your watch in the last 30 minutes. What's the deal?
AMBER: Ugh. I'm following the 24-hour rule.
BRYAN: The what?
AMBER: The 24-hour rule. You know, when you add something to your cart, but you wait a whole day to buy it to make sure you really want it.
(DESCRIPTION)
She holds up a necklace with her name on it and smiles.
(SPEECH)
I've been doing it since I started at Navy Federal. It helps you avoid overspending and save when you're living paycheck to paycheck.
BRYAN: Ah, the 24-hour rule. You still want it?
AMBER: Obviously, Bryan. Who doesn't want the viral salt lamp?
(DESCRIPTION)
She turns an hour glass over. Bryan looks forward and squints.
(SPEECH)
BRYAN: The what?
[HEAVENLY MUSIC]
(DESCRIPTION)
A salt lamp glows on a laptop screen.
(SPEECH)
AMBER: If you know, you know.
BRYAN: Whatever. I'm Bryan, your buddy at Navy Federal. And while I may not know anything about these salt lamps, I do know if you've been having a hard time saving while living paycheck to paycheck, you're not alone. Here are three major strategies to boost your savings when your paychecks can't back your "For You" page recs.
(DESCRIPTION)
He makes air quotes. Amber turns over the hour glass again.
(SPEECH)
Get
(DESCRIPTION)
1.
(SPEECH)
your bills in shape. Simplifying your monthly expenses is a great place to start when you're trying to save. Consider talking to your cell phone provider to see if you're overpaying for your cell phone bill. Streaming services can add up to a hefty chunk of change. So consider canceling any you don't use. And if you're subscribed to multiple streaming services, consider reducing your cable television package.
(DESCRIPTION)
2.
(SPEECH)
Hit up your lenders to talk about rate reductions and discounts. Lowering the interest rates for your credit cards and loans is always a possibility. But you won't know unless you ask. If your credit worthiness has improved since you got your card and you make on-time payments, your card issuers may be willing to reduce your rate. Reach out to your auto insurance carrier too. There are tons of car insurance discounts you could qualify for, especially if you're in the military.
Treat
(DESCRIPTION)
3. Shop Smart.
(SPEECH)
yourself, but be smart about it. Splurging on things you don't necessarily need can be super tempting, especially with targeted ads. But being a smart shopper can help you save big in the long run. Always wait 24 hours before checking out, like Amber was doing. And you can even consider opening a prepaid card that you can easily reload to help you stick to your budget, like our GO Prepaid Card.
Even if you can only save a few dollars a month, make sure you treat your monthly savings goal like an expense.
(DESCRIPTION)
Dollar bills flow from a wallet down to checking, with one dollar sign, on the left, and savings, with two dollar signs, on the right.
(SPEECH)
Automate your savings transfers into an account that earns dividends to make your money work for you. So let's recap. To help boost your savings, you can get your bills in shape, hit up your lenders to talk about rate reductions and discounts, and be smart about treating yourself. Don't forget to add those savings to a savings account and keep up your good spending habits, even after you've built up your savings. Right, Amber?
AMBER: Absolutely. So glad I came up with this tip so we can keep making cents of your money together. Now, if you'll excuse me, I have T minus five hours until I can buy that salt lamp.
(DESCRIPTION)
She picks up the digital timer and clicks it. Bryan looks forward and squints.
(SPEECH)
[TIMER CLICKS]
BRYAN: While you're doing that, I'm going to go outside and watch the grass grow. Happy staring, Amber.
(DESCRIPTION)
She turns an hour glass over and looks at her watch.
(SPEECH)
[TIMER BEEPING]
For more smart money strategies, visit navyfederal.org/makingcents. Navy Federal is federally insured by NCUA.
(DESCRIPTION)
Logos, Navy Federal Credit Union. Making Cents. Our Members are the Mission. Text, This information is not legal or financial advice; instead, it is provided for general informational purposes only. You should consult your own attorney or financial advisor regarding your particular situation.
