One of my financial goals is to grow my savings. I like having extra money saved for emergency expenses and anticipated future costs. As a freelancer with a variable income, this allows me to be well prepared for life’s twists and turns.

In recent years, I’ve been more successful in reaching my savings goals. Much of my progress is attributed to these savings strategies I have implemented. Want to save more? Read on for some tips to try.

1. Keeping my savings in a HYSA

Where you keep your savings matters. You are making a costly mistake if you leave it on your account. current. Why? Even the best checking accounts usually don’t earn interest.

Keeping extra cash in an interest-earning bank account is wise because you can increase your balance effortlessly. But it’s possible that your bank’s traditional savings account not offer a competitive APY.

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A High Yield Savings Account (HYSA) is a great place to keep your savings. These accounts typically offer competitive APYs, meaning you can earn more interest while your cash grows. is at the bank. Many HYSAs currently offer APYs of 4.0% or more.

Keeping money in a HYSA allows me to grow my savings balance without doing extra work and saves more money in the long run. Thanks to this strategy, I will earn over $1,500 in interest this year. That’s a sizable reserve of extra cash that will make a big difference.

Want to maximize the interest you earn? Check out our list of the best high-yield savings accounts to find the one that’s right for you.

2. Automation of the saving process

Another money move that has helped me stay on track with my goals is adopting automation. Instead of manually contributing money to my savings account, I let automation take over. This strategy helps me stay on track and avoid forgetting when life gets busy.

You can probably set up automatic transfers through your online bank account. I did this through my bank’s mobile app, but another option is to log into your account through the bank’s website. You can choose how often and how much money is transferred from your checking account to your savings account.

If you’re like me and don’t want to stress about remembering to transfer your money manually, this strategy is a game changer.

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While I automate the saving process to save time and eliminate stress, I occasionally make manual contributions to my savings account when I have extra to contribute.

Remember how I said my income fluctuates because I’m self-employed? Sometimes I have a great month where I earn more due to taking on more projects or prioritizing better paying work. If I can afford it, I will add more money to my savings to increase my account balance.

This is yet another way I can save more money. Every extra dollar I save adds up over time. If you’re trying to boost your savings, consider making a few extra contributions throughout the year when you can afford it.

Find ways to make saving easier

These are some strategies that have worked well for me. You don’t have to follow the same techniques, but if you want to save more money, consider if there are strategies you can implement to make saving easier. Small changes can yield big results.