How to Save More Money This Month in 4 Simple Steps
Looking to save more this month without making extreme lifestyle changes? These four simple strategies are proven to help military families and service members double their savings—even on tight budgets.
Step 1: Cancel Unwanted Subscriptions with a Subscription Tracker App
Let’s be honest—most of us have at least one subscription we forgot about. The average person spends over $90/month on subscriptions, often unknowingly.
Apps like Rocket Money make this easy by acting as a powerful subscription tracker app. It shows where your money goes and even cancels subscriptions for you. That could instantly free up $50–$100/month.
Step 2: How to Cut Spending on Non-Essential Habits
After reviewing your subscriptions, choose 2–3 areas to pause this month. That might include:
Streaming services you barely use
Uber Eats or DoorDash
Gas station impulse buys
Random Amazon orders
Even cutting $25 here and $50 there can lead to real savings—fast. These simple changes are some of the best budgeting tips for military families.
Step 3: Open a HYSA for Military and Start Earning Interest
Instead of letting extra cash sit in a low-interest checking account, move it to a high-yield savings account (HYSA). Some accounts offer 4.40% APY or more right now.
Let’s say you deposit $5,000 into a HYSA earning 4.4% APY and leave it untouched: After 10 years, you’d have $7,686—that’s $2,686 in free money from interest alone.
Wanna learn more about high yield savings accounts? Check out our past blog here!
Step 4: Saving Tips for Military Income Using Found Money
Got a bonus, tax refund, TDY per diem, or even birthday cash? Use the 50/50 rule:
50% goes to your savings
50% is yours to enjoy
This simple habit can build your savings faster than you think—because you're saving money you didn’t even expect. It’s a powerful windfall saving strategy that works.
Bonus: TSP Fund Performance Tracker
If you’re contributing to the Thrift Savings Plan (TSP), you should be checking your fund performance regularly. Here’s this week’s TSP performance tracker:
👉 See This Week’s TSP Fund Performance
Conclusion:
Saving money doesn’t have to mean sacrifice. With the right strategy, you can double your savings in just one month—and build momentum that lasts all year.
Start by canceling unwanted subscriptions, trimming spending, storing your savings in a HYSA, and making smart decisions with found money. These saving tips for military families can make a lasting difference.
Affiliate Disclosure:
Some links in this article may be affiliate links, which means I may earn a commission if you click through and make a purchase—at no additional cost to you. I only recommend products I truly believe will help you save and grow your money.
Disclaimer: This content is for informational and educational purposes only and should not be considered financial or investment advice. Always do your own research and consider consulting a licensed financial advisor before making any financial decisions. All investments involve risk, including the possible loss of principal. Past performance is not indicative of future results.