Analyzing monthly expenses, for example, may highlight subscriptions or services that are rarely or never used. People can improve their overall financial situation by cutting back onplay stor download discretionary spending and reusing the money for savings or debt repayment. Developing thrifty practices, like cooking at home rather than going out to eat, can also greatly help with cost control. Make Your Savings Automatic. Setting up automatic deposits into investment or savings accounts as soon as income is received is a useful tactic for automating savings.