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5 surprising ways to save more money, according to the experts

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Hands of a young Asian businessman Man putting coins into piggy bank and holding money side by side to save expenses A savings plan that provides enough of his income for payments.
There are a few clever strategies that you can use to save more money without much hassle.

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Saving money can be challenging in any environment, but especially now, at a time when expenses like housing, insurance and grocery costs are on the rise, and many Americans are having trouble balancing their budgets.

However, just because saving money can be hard doesn’t mean it’s impossible. Whether you’re living paycheck to paycheck or are simply looking to save more for specific goals, like taking a big vacation, you can often find ways to keep more money in your bank account. 

Get a headstart on saving more with a top savings account.

5 surprising ways to save more money, according to the experts

Here are five financial moves to consider:

Plan ahead for food costs

With inflation affecting food costs, you might want to be more strategic about your spending in this area. Rather than grabbing whatever you see at the grocery store, one tip is to make a list before you get there and use that as your GPS around the store, says Nia Adams, personal finance educator at Perspectives.

You can also “use free curbside pickup to avoid impulse shopping,” she says. This can apply to grocery shopping as well as other types of shopping, like if you need a new phone charger and don’t want to be tempted by larger electronics.

Adams also advises setting “a budget before dining out at restaurants.” Saving money doesn’t have to mean never going out, but having a plan helps.

“When you go to a restaurant, choose your entrees ahead of time so that you don’t get tempted by a more expensive meal,” adds Dr. Kate Mielitz, Accredited Financial Counselor at Beyond Finance.

Explore the best savings rates you could get today.

Be honest

Another way to save money is to be more upfront and realistic about what you can afford.

“Be honest with yourself and set expectations with friends and family who might be expecting you to pick up the tab or purchase a gift. Yes, it’s hard, and uncomfortable, to say, ‘I can’t afford it,’ but it pays off when you have money in your account at the end of the pay period,” says Dr. Mielitz.

Switch it up

Sticking with your current service providers may be convenient, but it could also be costing you money.

“As a personal example, I recently switched telecom services and found it was 30% cheaper, and the plan gave me free cell service for the first year,” says Kevin M. Curley, II, CFP, wealth advisor at Global Wealth Advisors.

Even if you got a good deal initially, you might find that new providers have emerged, or rates have changed over time to the point where you’d be better off switching providers, such as for insurance.

“Shopping around for home and auto insurance rates” can be a good way to save money, adds Adams.

Earn more

To save more, sometimes you need to earn more so that you have more leftover each month to put into a savings account.

“An often-overlooked option to save more money is to make more. Working to improve or build up a skillset can increase an employee’s value and the amount of money someone might be willing to pay them,” says Curley.

You also might be able to earn more from turning your skills and passions into new income streams.

“Market any specialized skills on social media platforms by broadcasting them to anyone who will listen. You don’t have to be an influencer to make money on YouTube, for example. It is possible to reach people who are interested in very niche areas and start making money with only 1,000 subscribers,” says Curley.

Reduce investment expenses

When it comes to saving money, you might not think of the fees you’re paying within your retirement or brokerage accounts, but these costs can add up. If you want a higher net worth, don’t overlook investment expenses.
“Fees are imperative to consider when choosing an investment because they can diminish your investment returns, and with compound interest, can cost you a substantial amount of money over time,” says Vincent Grosso, founder at Pascack Capital.

“To save money, investors can look for less expensive fund options. A more expensive fund does not always equate to a superior fund. Evaluating your fund fees can save you money today, and your future self will thank you, as well,” he adds.

The bottom line

While saving money can seem hard at first glance, you may be able to cut back in more ways than you assumed by following these financial moves, like conducting service provider comparisons and planning food costs in advance. And if that doesn’t work, you might be able to better monetize your skills to leave you with more money to put into your savings account.

As a bonus tip, consider opening a high-yield savings account or a certificate of deposit that helps you take advantage of today’s high interest rates. That way, as you save more, you can also earn more.



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Rep. Mike Turner says all “candidates need to deescalate” after Trump assassination attempts

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Rep. Mike Turner, an Ohio Republican who chairs the House Intelligence Committee, responded Sunday to Eric Trump’s implication that his father’s Democratic opponents were responsible for the attempts on former President Trump’s life, saying the innuendo was “of course” inaccurate but political candidates on both sides of the aisle “need to deescalate” their rhetoric.

“No, of course not,” Turner said in his latest appearance on “Face the Nation with Margaret Brennan,” after being asked whether he believes there was truth to claims made by the former president, his son Eric, and his vice presidential running mate, Sen. JD Vance, at a rally where each either implied or suggested Democrats tried to kill him.

Trump returned Saturday to Butler, Pennsylvania, to speak to supporters gathered at the Butler Farm Show fairgrounds, the site of the July 13 assassination attempt against him. A gunman facing Trump on the podium at that rally opened fire into the crowd, grazing Trump’s ear, killing one attendee and injuring two others, according to authorities. The gunman was killed by a Secret Service sniper, officials said. 

Another apparent assassination attempt happened in September when a suspect pointed a gun in Trump’s direction on the Florida course where he was playing golf. The FBI has opened probes into both incidents. 

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Rep. Mike Turner on “Face the Nation with Margaret Brennan,” Oct. 6, 2024.

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Trump, his son and Vance all acknowledged the assassination attempt in Butler at Saturday’s campaign event.

“Over the past eight years, those who want to stop us from achieving this future have slandered me impeached me indicted me tried to throw me off the ballot and, who knows, maybe even tried to kill me,” said the former president, while Eric Trump claimed his father’s political opponents “tried to kill him, and it’s because the Democratic party, they can’t do anything right.”

Vance, in his remarks, addressed Trump’s Democratic challenger in the presidential race, Vice President Kamala Harris, and suggested that the Republican nominee “took a bullet for democracy.”

Brennan asked Turner: “You don’t mean to imply here anything that would suggest Eric Trump’s allegations that Democrats are trying to kill him?”

“No, of course not,” Turner responded. “But I do think that Vice President Harris needs to actively state and acknowledge that her administration is saying a foreign power, which would be an act of war, is actively trying to kill her opponent.”

The attempts on Trump’s life came after a citizen of Pakistan with ties to Iran was arrested and charged with allegedly planning a murder-for-hire scheme targeting Trump, among others. Although the timing of the charges coincided with the first attempt, there was no indication that the two incidents were related.

Turner criticized Harris for what he viewed as a failure to openly condemn the alleged plot.

“I think there’s certainly a role for her to play and for the president to play in this, in both identifying that there are threats against Donald Trump that need to be acknowledged and responded to, to deter,” he said. “I think all the candidates need to de-escalate, certainly in their language.”

But the congressman did acknowledge that a Biden-Harris Justice Department official, Matthew Olsen, the head of the national security division, said the U.S. government has been “intensely tracking Iranian lethal plotting efforts targeting former and current U.S. government officials — and that includes the former president.”

“I would say that we are very concerned — gravely concerned — about Iranian plotting,” Olsen told CBS News in a recent interview.



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Maps show track of Hurricane Milton as forecasters predict landfall in Florida this week

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South Florida prepares for heavy rainfall, flooding in wake of Tropical Storm Milton


South Florida prepares for heavy rainfall, flooding in wake of Tropical Storm Milton

04:09

Hurricane Milton rapidly intensified into a Category 1 storm on Sunday, and it has set its path on Florida’s Gulf Coast.

Forecasters predict Milton will make landfall around the Tampa Bay area on Wednesday, bringing with it upwards of 120 mph winds and drenching an area still reeling from Hurricane Helene.

As of 2 p.m. ET on Sunday, Milton was centered about 290 miles west-northwest of Progreso, Mexico, and about 815 miles west-southwest of Tampa. It had maximum sustained winds of nearly 80 mph and was inching north-northeast at 6 mph.

Path of Hurricane Milton

A map from the National Hurricane Center shows Milton continuing to strengthen into a major hurricane as it approaches Florida’s western coast.

“Milton is forecast to rapidly intensify during the next couple of days and become a major hurricane on Monday,” forecasters said.

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The projected path of Hurricane Milton as of Oct. 6, 2024

NOAA/National Hurricane Center


The storm is expected to remain north of Mexico’s Yucatan peninsula, with heavy rainfall expected as Milton makes its way northeast toward Florida. Tropical storm watches are currently in effect from Celestun to Cancún, Mexico.

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The current wind field for Hurricane Milton as of Sunday, Oct. 6, 2024.

NOAA/National Hurricane Center


The hurricane center said hurricane and storm surge watches could be issued for parts of Florida later Sunday.

Florida officials prepare for more impact

Florida Gov. Ron DeSantis said Sunday that while it remains to be seen just where Milton will strike, it’s clear that Florida is going to be hit hard. “I don’t think there’s any scenario where we don’t have major impacts at this point,” he said.

“You have time to prepare — all day today, all day Monday, probably all day Tuesday to be sure your hurricane preparedness plan is in place,” the governor said. “If you’re on that west coast of Florida, barrier islands, just assume you’ll be asked to leave.”

Tropical Weather
This GOES-16 GeoColor satellite image taken at 4:50 p.m. EDT and provided by National Oceanic and Atmospheric Administration (NOAA) shows Tropical Storm Milton, center, off the coast of Mexico in the Gulf of Mexico, Saturday, Oct. 5, 2024.

NOAA via AP


DeSantis expanded his state of emergency declaration Sunday to 51 counties and said Floridians should prepare for more power outages and disruptions, making sure they have a week’s worth of food and water and are ready to hit the road. 

The Federal Emergency Management Agency, meanwhile, coordinated with the governor and briefed President Biden Sunday on how it has staged lifesaving resources.

“I highly encourage you to evacuate” if you’re in an evacuation zone, said Kevin Guthrie, executive director of the Florida Division of Emergency Management. “We are preparing … for the largest evacuation that we have seen, most likely since 2017, Hurricane Irma. “

As many as 4,000 National Guard troops are helping state crews to remove debris, DeSantis said.

“All available state assets … are being marshaled to help remove debris,” DeSantis said. “We’re going 24-7 … it’s all hands on deck.”



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American and U.K. climbers rescued after 2 days stranded on Himalayan mountains in India

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An American climber was rescued after she and another alpinist from the U.K. were stranded for two days at more than 20,000 feet in the Himalayan mountains.

Michelle Dvorak, 31, and Fay Manners, 37, went missing on Thursday after their equipment and food tumbled down a ravine while trekking up India’s Chaukhamba mountain, CBS News partner BBC reported.

The pair sent an emergency message but search and rescue teams were unable to find them.

Rescued British and U.S. climbers pose for a photo with rescuers in Joshimath, Uttarakhand
Rescued British and U.S. climbers pose for a photo with rescuers in Joshimath, Uttarakhand, India on October 6, 2024.

INDIAN AIR FORCE/Handout via REUTERS


Manners told the BBC they were “terrified” as they tried to make part of the descent down the treacherous mountains without supplies.

“I watched the bag tumble down the mountain and I immediately knew the consequence of what was to come,” she said. “We had none of our safety equipment left. No tent. No stove to melt snow for water. No warm clothes for the evening.”

The terrifying ordeal intensified when it started to snow. They took cover on a ledge while waiting for rescuers.

“I felt hypothermic, constantly shaking and with the lack of food my body was running out of energy to keep warm,” Manners said.

The rescue was made difficult because of the conditions, including bad weather, fog and high altitude.

“The helicopter flew passed again, couldn’t see us. We were destroyed,” Manners told the BBC.

British and U.S. climbers are rescued at the location given as Uttarakhand
British and U.S. climbers are rescued at the location given as Uttarakhand, India on October 6, 2024.

INDIAN AIR FORCE/Handout via REUTERS


On the second day, the pair began to cautiously abseil down the mountain. They spotted a team of French climbers coming toward them. Manners said they shared their equipment and food and contacted the helicopter company with an exact location.

“I cried with relief knowing we might survive,” she said.

The Indian Air Force said in a post on the X social media platform that their helicopter airlifted the climbers from 17,400 feet after “battling two days of bad weather.”

Chaukhamba is a mountain massif in the Garhwal Himalaya in northern India.



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