📺 Stream EntrepreneurTV for Free 📺

3 Trouble-Free Tips to Help You Build Up Your Savings Applying an 'out of sight, out of mind' mantra with your savings account will help you see more each month.

By Brittney Castro

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Brittney Castro recommends three tips for saving that you can use in the next month. The first recommended step is automation. Whether you're looking to save up for retirement or maybe build up a cushion of cash, simply putting the money aside and allowing it to grow on its own is a terrific hands-off option.

Next, Castro recommends setting very clear goals for your finances. Despite the fact many people neglect to set solid goals, this is an important step to help you establish what benchmark you are striving for.

Finally, look at your savings account and try not to make it extremely accessible. If you are easily able to access your stockpile of money, you may be tempted to withdraw it.

Click the video to hear more from Castro.

Related: Make Quicker Progress Towards Your Savings Goals With These 3 Tips

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.

Brittney Castro

Founder and CEO of Financially Wise Women

Brittney Castro is the founder and CEO of Financially Wise Women, a Los Angeles-based financial planning firm whose mission is to teach women and couples in their 30s and 40s the art of managing their money the fun and simple way.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

More from Brittney Castro

To Receive More In Your Life, Begin to Give More

3 Trouble-Free Tips to Help You Build Up Your Savings

Make Quicker Progress Towards Your Savings Goals With These 3 Tips

Editor's Pick

Leadership

Top Career Motivations of Gen Z and Reasons They Choose an Employer

By understanding Gen Z's career motivations and aligning with the reasons they select an employer, companies can create workplaces that inspire and retain Gen Z talent.

Business News

These 4 Words Make It Obvious You Used AI to Write a Paper, According to New Research

Scientists are increasingly using ChatGPT and other AI bots to write studies.

Growing a Business

7 Practical Tips for Running Multiple Businesses Successfully

Thinking of starting additional businesses alongside your existing ventures? Learn some practical tips for successfully juggling multiple companies from this insightful blog post.

Franchise

How to Protect Your Business If the Expanded Joint Employer Rule Comes Back: 'This Is Going to End Up at the Supreme Court'

Although the expanded Joint Employer Rule appears to be dead, it could still be legally resurrected. Here's how to protect your business.

Business Plans

Key Financial Metrics Every Founder Should Know About

Getting a handle on your startup's finances is essential for any new business owner.