How to save money 8 quick ways to save more

1. We build ALife After Debt Technologyto knock out debtand build credit. June 2022.

2. How to save money: 8 quick ways to save more Make saving part of your monthly budget - and ensure they're optimized for growth. We’re going to let you in on a little secret: anybody can save more, regardless of your income. Here’s a few tips for getting started and sticking to it. Make saving a priority, not an afterthought • Let’s start with the right mindset. As money wizard Warren Buffett once said, “Don’t save what’s left after spending. Spend what’s left after saving.” • That means planning to save and setting money aside on a regular basis. Making it an ongoing habit, built into the budget we’re about to create. 1 Bright Journey and Products 2

3. Follow the 50-20-30 budget rule • Next, let’s be realistic. Being over-ambitious can quickly derail you. Setting aside more money than you can afford fowls up any plan, just like saving too little and falling short. • So follow the 50-20-30 budget rule. It was popularized by Senator Elizabeth Warren in her book, All Your Worth: The Ultimate Lifetime Money Plan. • It’s a great tool to help plan your finances and figure out what percentage of your after-tax income should go into savings. • 50% for essential needs • 20% to savings • 30% on wants and unexpected expenditures 1 2 3

4. Follow the 50-20-30 budget rule • The rule works for just about anybody, with any income. (Apply it to your income after taxes are taken out, which most employers do with every paycheck.) • It’s a simple way to balance your savings goals with everyday spending. Use it to set your savings goals every month.

5. Autopilot your savings • Once you’ve set your 20% goal, make it automatic. • Set up automatic monthly transfers from your checking account (where your paycheck gets deposited) to a linked savings account (where your savings are set aside, away from everyday spending). Make your savings work for you • Check the APR (annual percentage rate) on your savings account and compare it with other saving tools, like a certificate of deposit (CD) or a money market account. 1 2 3

6. Try using a personal finance app • A slew of apps are designed to plan and automate saving, including Bright. Apps can typically help with these essential chores: • Scheduling automated payments to your savings account • Get you better returns on your savings • Personalizing your budget and spending breakdowns • Giving you savings tips • Bright goes several steps further, using data science to find the fastest, smartest ways to help you save more… while also paying off your credit card debt. 1 2

7. Pay off your credit cards • What do your cards have to do with your savings? Everything • They both draw from the same pot. The sooner you pay off your card, the sooner you can start saving more. • Plus, the interest you’re paying on your credit cards costs you money every month - funds that could be earning you interest in a savings account. 1 2 3

8. Bright can help you save more • Making a regular habit of saving is essential to achieving financial stability. • The more often you save, the sooner your money earns interest. • Your personal Bright Plan can help, finding faster, smarter ways to save - and build more wealth. 1 2 3

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