Quick Tips to Start Saving
Automate your savings
Set up an automated savings plan so that money is automatically transferred each month from your checking to your savings account.
Find a roommate
Finding a roommate allows you to reduce all of your shared expenses, including rent, basic utilities and internet. You may also want to consider staying with family or friends in the area to further reduce costs.
Ask for forbearance on loan payments
If you are just graduating from college, most student loan providers allow for a six-month forbearance period. If forbearance is not an option for you, temporarily reduce your loan payments so that they are more manageable.
Make a list before going food shopping or running household errands
If you don’t have a shopping list, it’s easy to give into temptation and buy extra items.
Take advantage of the great outdoors
Consider cancelling or suspending your gym membership. Take a walk, run, or bike ride or head to the park for some exercise.
Look for rebates and coupons
If you are planning to purchase something, check online first for a coupon or coupon code. You might be surprised at how often coupons are available.
Bring your coffee from home
One $3.00 coffee drink per weekday adds up to $180 for the summer.
Carpooling with other Fellows is a great way to save money and get to know your new colleagues.
Looking for more ideas? Check out Real Simple’s "24 Hours of Savings,” USA Today’s “13 Money-Saving Tips for 2013,” or The Simple Dollar’s “Little Steps: 100 Great Tips."