Ten ways to save for holiday spending
By KEN BARNES
Bank of America
Martin Luther King Branch
Set up your Bank of America savings account or credit card for optional overdraft protection. This can help you prepare for the unexpected.
You can sign up for our products such as:
• Keep the Change
• Add it Up
They help you save money while you spend.
Start saving automatically
With an automatic transfer of direct deposit to savings, you can save without even noticing — try just $20 to start.
Get into online banking and stay on budget
Use e-bill reminders and scheduled automatic payments to stay on budget and help you avoid overdraft and late fees.
Download your transaction information from online banking to your favorite financial management software to stay on top of your spending.
Save with our free ATMs
You can access your accounts at more than 18,000 Bank of America ATMs nationwide. They are free for customers.
Improve your credit score
When you have a higher credit score, you may get lower interest rates. This means you’ll spend less on payments, which will give you more money on a daily basis. Routinely check your credit report to make sure there are no errors that could affect your credit score.
Put on an apron and brown bag it
Cooking at home is easier than you think, and much cheaper and healthier than eating out.
Buying lunch every day adds up. For a less expensive and healthier option, bring your lunch from home.
Go with the low flow
Reduce your monthly water bill by installing a low-flow shower head.
Be energy efficient
CFL light bulbs use about 2/3 less energy and last about 10 times as long as traditional bulbs.
Watch the thermostat
For every degree you lower your thermostat in winter and raise it in summer, you can save one percent or more on your bills.
Stay in tune
You can save about $100 a year in gasoline just by keeping your engine tuned and your tires inflated correctly.