10 Ways to Trick Yourself Into Saving

Follow these tips to spend less and pocket the money you save.

If cheap is chic, then saving is suddenly sexy. America Saves Week [February 21-28], takes on new meaning when the U.S. savings rate, which had dipped into negative territory, headed up to 4.6% last year. The savings rate could climb as high as 6.5%, according to Allianz Group Economic Research.

You know you’re on to something when investing icons such as Burton Malkiel and Charles Ellis jump on the bandwagon. Malkiel and Ellis are authors of a nifty little book called The Elements of Investing. The book is just 154 pages long, including glossary, and its investing advice can be summed up in four words: “Keep it simple, sweetheart,” a strategy I wholeheartedly endorse.

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Janet Bodnar

Janet Bodnar is editor-at-large of Kiplinger's Personal Finance, a position she assumed after retiring as editor of the magazine after eight years at the helm. She is a nationally recognized expert on the subjects of women and money, children's and family finances, and financial literacy. She is the author of two books, Money Smart Women and Raising Money Smart Kids. As editor-at-large, she writes two popular columns for Kiplinger, "Money Smart Women" and "Living in Retirement." Bodnar is a graduate of St. Bonaventure University and is a member of its Board of Trustees. She received her master's degree from Columbia University, where she was also a Knight-Bagehot Fellow in Business and Economics Journalism.