When it comes to saving money and balancing your balance (your checking account), there are a few things that we wanted to point out. Before we begin though, we have two quick questions. The first question is this. Did you know that in the United States, the average checking account balance is just shy of $6,000? Okay, great! Now, the second question is this. Are you average? Are you above average? Would you be thrilled just to be average?

Well, if you’re one of those people that would be thrilled just to be average and have around $6,000 in your checking account, we have some tips for you that will get you on your way to balancing your balance and financial freedom. Continue reading to get started.

Make A Plan

Having a solid game plan is one of those important things that you can do in your effort to save your checking account. Think about the areas that you can afford to spend less money and do it. Write down what your long term goal is, how much you plan to save a month, and so on. A good starting point would be to try to save around 20% of every paycheck.

Share Your Plan

There’s nothing like having the support of your friends and family so why not share your business? Yes, you read that right. We want you to share your business! Of course, we aren’t asking you to share your routing number with your cousin or telling your sister in law how broke you are. Just simply let everyone know that you’re trying to save money and tell them why. Chances are, they’ll follow suit and do the same. How cool would that be?

Implement Your Plan

Okay, we get it. This one sounds a little “obvious” but you’d be surprised how many people make a plan and never follow through with it. It’s easy to sit down and come up with a plan and a few numbers but doing it is a whole other monster. However, once you start making some progress, you’re bound to stick with it for the long haul. Don’t believe us?

Try it!

Now, these are just general starting points for when it comes to balancing your balance. It will take some determination and hard work to get into the groove of things but once you are there, you’ll be just fine! Don’t try to cut corners and take shortcuts because those NEVER work. Instead, focus on lowering your spending on things that you don’t need and keeping it the same where you need to. Even if you only manage to save $200 a month, in 10 years time you would have over $20,000 which is an extremely nice balance to have.

Okay, what are you waiting for? Start getting your plan together, crunch a few numbers, and see where you are in a few months. We can almost guarantee that you’ll be in a much more desirable position in 3 months than you are now. One more thing before you go though. Good luck to you and we hope that you can start to balance your balance!