642 Financial tips and laws for today and tomorrow

Here are the best tips to use the revenge saving strategy smartly.

Tip 1: Prepare your "Why" first

Understand and define what is motivating you to save, like paying off your credit card bills.

Tip 2: Cut out hidden costs

Peruse your recent credit card and bank statements to find unused subscriptions you're still paying for, unnecessary expenses, etc. Avoid those for the time being.

Tip 3: Gamify with a challenge

Try a 30-day low-spending challenge where you avoid spending on anything other than essentials to build the habit in a fun way.

Tip 4: Automate the savings

Set up recurring transfers, anything from $25 to $250, into a high-yield savings account from your checking account.

Tip 5: Map your progress with visual checkers

You can prepare a DIY progress bar or use an online savings tracker so you can see your progress— it works great for motivation.