National Savings Day | October 12
Thu Oct 12th

National Savings Day

The act of saving and providing simple steps to get started isn't as difficult as it seems.


Many of us already save every day. We've been doing it for a long time. We collect sentimental items because they mean a lot to us and evoke emotion. These objects come in a variety of shapes. For those, it could be a baseball glove that reminds you of playing catch with your dad. Another individual may save an engagement ring that has been passed down through generations. Some people save boxes full of t-shirts commemorating years of concerts.

We save a lot of things for lengthy stretches of time, and they add up quickly.

It's not that far of a stretch to apply this method to a portion of our paycheck every month. Consider the savings account, whether it's your junk drawer or the sock basket. You won't be so upset if a savings account is overflowing.

How to celebrate national savings day in the United States

If you don't already have one, open a savings account if you don't already have one. Each week, save a portion of your paycheck. To be automatically deposited, set it up with your account. You'll never miss it. You'll have a portion saved up before you know it. Setting goals helps, as well. Share your money saving tips. For more ways to save, visit with a savings specialist to learn more.

On social media, use #NationalSavingsDay to be a part of the discussion.

History of national savings day has spanned national savings day

Capital One founded National Savings Day to help people feel more secure in their money by educating them on how saving money can be a simple, straightforward process that fits more naturally into their lives and existing habits.

Savings FAQ

How can i begin tracking my spending? q how can i begin tracking my spending?

A. Tracking your spending helps you know where all your money is going. You'll have a good idea of what spending needs to be cut to start saving by the end of one month. There are several ways to monitor your spending that will help you to better manage your money.

  1. Use an app. Any banks have a built-in app that will log every transaction made with your debit or credit card. Each purchase is assigned to a category, and you will see where the majority of your money goes.

  2. Write it all down. Keep track of every purchase in a notebook. You can track your monthly bills, groceries, and gas. Don't forget your miscellaneous purchases.

  3. Use cash. Divide your income into spending categories to break down your expenses. Label envelopes are included with each purchase and place the appropriate (estimated for specific expenditures) amount of cash into each envelope. It's gone when the money is taken from the envelope. It's a great way to figure out where you've been overspending.

  4. Create a budget on a spreadsheet. You keep track of your income and expenditure in a debit/credit spreadsheet, similar to the envelopes. Each column is assigned a budget category. Don't forget to create a savings column.

Q how can i start saving money?

A. Whether you save $10 or $100 per month, those savings add up over time. To get off, try these saving tips.

  1. Open a savings account if you don't have one. Many banks now have auto-transfer options between checking and saving accounts. On your paychecks, schedule an automatic transfer from your checking account to your savings account. Then forget about it. Your savings account will grow faster than you expected.

  2. Automatic subscriptions are not available on your bank account. You could be paying for services you don't even use anymore. Cancel is a subscription and each month, place the cost of those who have cancelled subscriptions into a savings account.

3. Save your electricity bills by reducing your energy consumption

If you leave the windows open longer in the spring before allowing the AC to kick in or keeping the thermostat set a degree or two lower during the winter, you'll find the savings in your next energy bill. These are other ways to save money on electricity:: These are among the other ways to save money on electricity are:

  • Make one trip. Make a shopping list and get it all done at once. You'll save on gas by saving on gas
  • Seal gaps around doors and windows are present in doors and windows. If you can afford it, consider replacing old leaky windows, as well
  • When not in use, turn off lights, fans, and electronics. Some of them can even be unplugged to reduce usage
  • LED light bulbs are used in this switch. They are more eco friendly and are more cost-effective
  1. Particularly if you don't pay your card off every month, don't use credit cards to pay your bills. Over time, the interest will rise, and it will cost you multiple times what the product you bought was worth.

  2. Eat out less. Cook more. Cooking at home is a lot less expensive than dining out. At least half of the time, the frequency should be reduced by at least half. Even if you only eat out once a week, limiting it to twice a month will still save you money.

  3. Switch phone numbers are included in the Switch phone package. Today's phones can be transferred to any service if you own your cell phone and your deal is about to end. Shop around for the best price, as well as pre-paid services.