Step By Step:
1. Set A Savings Goal
You don't want to start on a trip without a destination, and it's the same with saving. Start by deciding on an amount you want to save. You might need to make a major purchase such as an appliance, or have a car repaired, or you might simply need a "rainy day" fund that helps pay for those unexpected expenses that always come up. With ClearStreet you set your own goal, then we keep you up to date on your progress.
2. Track Your Spending
Saving and spending are competing for the same pool of money each month. You can't save what you spend, but do you even know where it all goes? Most people don't. ClearStreet helps you track every expenditure. By understanding where and how you are spending your money, you will find ways to spend less and save more, so that you have something to put in your saving account each week. The spending tracker is fast and easy to use, and shows you spending totals by shopping category anytime.
3. Join A Savings Program
ClearStreet offers Solo Savings and Social Savings Programs. With Solo Savings you can put your own savings into your account and you can set aside money for your savings before you spend it on any impulse purchases. The Social Savings Programs are savings cooperatives that enable you to connect with others with similar savings goals. Each week, you set a small amount of money aside in your ClearStreet account, and each week one member receives the savings payout. Along the way, you get support and tips from others to help you do even better. Social Savings Programs have been used for centuries all over the world as a way for communities to support people in saving money.
4. Grow Your Money
ClearStreet helps you accelerate savings with merchant rewards, saving-linked prizes, and other incentives. As a member, you earn cash-back rewards for your everyday spending on groceries, gasoline, and household goods, which are automatically deposited into your savings account. ClearStreet also offers incentives to stick with your savings goals, such as weekly chances to win cash rewards when you make savings deposits.
And that's all there is to it, really: set a goal, start tracking your spending, use the Solo Savings program and Social Savings program to save, on average, twice as fast as you can by yourself. Use ClearStreet and watch your money grow.