Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.
Key Principles
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.
Editorial Independence
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
If you are planning to save for a big date in the future, an interest calculator can help determine how to reach your goal. While earning money with high interest rates is important, smart spending decisions are equally crucial. Here are three key steps to increase your savings pace.
Cut your costs
If you have a small amount to invest, your interest calculator will struggle to add up to a rewarding total very quickly. One of the easiest ways to make saving seem less daunting is to analyze your current expenses for potential places to reduce your monthly spending. Use a spending calculator to see how reinvesting that amount can pay off.
Small changes can make a big impact
Having trouble identifying ways to dramatically slash your spending? Consider a small change, such as bringing your afternoon meal to work each day. Use a lunch savings calculator to understand how much money you can generate by eliminating those trips to the sandwich shop around the corner from your office.
Think twice at the ATM
Thinking about taking a few dollars from your savings account to cover your next night out on the town? Think again. If you are regularly removing money from your savings stash, you may be slowing down faster than you think. Find out how savings withdrawals impact your final balance.
Saving does not have to be a struggle. With a few adjustments to your current spending, you can contribute more of your money to an account with interest rates that will help you race down the path to your goal.
Share