Strategies for reaching your financial goals in 2018

Chances are even if you haven’t made a formal New Year’s resolution you’re probably thinking about how you can do a better job tackling your finances in 2018.

Don’t worry — we’ve got you. We know what it’s like to be trying to work toward a better financial future and we’ve put together some ways that you can save money this year and live your best financial life in 2018.

Ready for some big ideas? Hold on, let’s do this.

Open a matched savings account

This one’s a no-brainer and if you haven’t done so yet, your first move of 2018 should be finding a matched savings account that works for you. One of the products we’re most proud of at Cashco is our Moms Savings Account. With this account, we’ll match every $10 you save monthly with another $10 — basically giving you up to $120 a year just for saving. If you start now and are able to save $10 each month and combine it with our $10 each month, by December 2018 you’ll have $240 banked. How’s that for some Christmas cash?

Sell stuff you don’t need with this app

Looking for some ways to boost your savings with some extra cash this year? Get rid of stuff you don’t need. The old way of doing this used to be a garage sale. While that’s still useful, the secondhand marketplace has definitely modernized. Try using Kijiji or Letgo, an app that lets you list used things you don’t need anymore. You can list everything from clothes and accessories to electronics.

Get money for every transaction

If you’re going to spend money, you might as well spend it the right way. With Cashco’s Everyday Use Account you earn 25 cents for every transaction — to a maximum of $5 a month. If you open an account in January and use it all year that’s a potential of $60 extra in your pocket.

Earn cash back on your purchases

Before you head to the store for your major purchases and gifts, see if you can find similar items on Ebates to receive cash back. Some companies will give you over 11 percent cash back on your items, which can be a massive discount over purchasing in store.

Unsubscribe from services you don’t use

Take some time at the beginning of the year to sift through all your subscriptions and make sure you cancel everything you don’t use. We’ve all signed up for something online before and then been accidentally stuck with a recurring payment we can’t get rid of. Even if these are small amounts, they add up. Want to easily find out what your subscriptions are? Use the service Trim. It works by analyzing your bank accounts and telling you where your recurring spending is coming from.

Hitting your financial targets can be one of the most challenging commitments in your life — but it will be incredibly rewarding when your dreams become reality. Let us know what strategies you plan to use (or which ones you’re already using). And don’t forget to be in touch if you’d like some one-on-one assistance in improving your finances from our team at Cashco.