Saving

6 Ways to Grow Your Money Without Even Trying

Building wealth sounds like something that requires endless amounts of time that, let’s be honest, many of us just don’t have. But the reality is that often, we can accomplish more with our money by doing less. Take these six “slacker” moves.

Related: The Slacker's Guide to Being a More Effective (and Happier!) Employee

1. Don’t jump when the market does.

Stock prices can fluctuate based on a variety of factors—from political drama to corporate earnings and new economic data—so it’s nearly impossible to predict what’s coming and when. That means people who panic-sell are much more likely to miss out on future returns than to benefit from taking action.

What to do when the market suddenly drops? Nothing. Give yourself permission to stop watching the news and stalking your account balance. The best approach is usually to just stick it out. Remember that the U.S. stock market has gone up significantly over time; it just doesn’t climb in straight lines.

2. Automate your savings.

This one’s a no-brainer. Setting up automatic transfers from your paycheck or checking account to savings ensures you’ll never forget to do it, and you won’t accidentally spend the money on other stuff first.

3. Bump up your 401(k) contributions automatically.

It’s easy to want to invest more for retirement, but it can be hard to actually make it happen. Enter: “auto-escalation.” It’s a feature as many as 60 percent of employers offer as part of their 401(k) plans that automatically increases your contributions on a regular schedule, like around raise time. (If your company’s 401(k) doesn’t have this feature, simply set a calendar reminder to raise your contribution percentage once or twice a year.)

4. Become a digital stranger on your favorite shopping sites.

According to one survey, Americans waste a whopping $450 every month on impulse buys. If “1-click” shopping is your budgeting kryptonite, just say no to autofill—and save by virtue of the fact that you’re probably too lazy to get off the couch, hunt down your wallet and type in your credit card number.

5. Shop your own cabinets.

Speaking of impulse buys, it’s not just online shopping that gets us in trouble. The average American makes 1.5 weekly trips to the grocery store, which presents plenty of opportunities to fill your cart with stuff you don’t really need (especially if you’re shopping hungry). So instead of immediately heading to the supermarket, save yourself a trip and scope out your own kitchen for food that might otherwise be wasted. You’d be surprised at what you can whip up with everyday ingredients you already have.

6. Nab a last-minute travel deal.

You had good intentions to plan your summer getaway in March, but, well, you just didn’t get around to it. Lucky for you, waiting till the last minute can pay off. Try the last-minute deals section of Expedia, where you can save hundreds on hotel and flight packages; visit HotelTonight for up to 50 percent off accommodations; or look into LastMinuteCruises.com, where you can book upcoming voyages for just $50 to $75 a night.

Related: How to Plan a Budget Getaway That Doesn’t Feel Like One

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All investments involve risk, including loss of principal. The contents presented herein are provided for general investment education and informational purposes only and do not constitute an offer to sell or a solicitation to buy any specific securities or engage in any particular investment strategy. Acorns is not engaged in rendering any tax, legal, or accounting advice. Please consult with a qualified professional for this type of advice.

Any references to past performance, regarding financial markets or otherwise, do not indicate or guarantee future results. Forward-looking statements, including without limitations investment outcomes and projections, are hypothetical and educational in nature. The results of any hypothetical projections can and may differ from actual investment results had the strategies been deployed in actual securities accounts. It is not possible to invest directly in an index.

Advisory services offered by Acorns Advisers, LLC (“Acorns Advisers”), an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). Brokerage and custody services are provided to clients of Acorns Advisers by Acorns Securities, LLC (“Acorns Securities”), a broker-dealer registered with the SEC and a member of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). Acorns Pay, LLC (“Acorns Pay”) manages Acorns’s demand deposit and other banking products in partnership with Lincoln Savings Bank, a bank chartered under the laws of Iowa and member FDIC. Acorns Advisers, Acorns Securities, and Acorns Pay are subsidiaries of Acorns Grow Incorporated (collectively “Acorns”). “Acorns,” the Acorns logo and “Invest the Change” are registered trademarks of Acorns Grow Incorporated. Copyright © 2019 Acorns and/or its affiliates.

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