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Types of Budgeting to Help You Save from American Express Serve

Types of Budgeting to Help You Save

Take control of your finances. There are various types of budgeting that can help you monitor what comes in, how much goes out, and what's left over to save.

Budgeting Methods: Smart Ways to Spend and Save

Get smart with your money. Understanding budgeting basics will help you assess where your money goes, guide you to make better financial decisions and ultimately set you up to save more.

Budgeting for Dummies: Basic Finances Made Easy

For some, the idea of creating a budget can be overwhelming. Sticking to one can present an even tougher challenge. Understanding budgeting basics and finding the right budgeting methods that work for you can help you realize your short and long-term financial goals.

Smart budgeting starts with simple math. What comes in minus what goes out equals what’s left over to save. That may seem like a watered down, budgeting for dummies explanation, but most types of budgeting can be reduced to that basic formula.

The key is choosing budgeting methods that will hold you accountable and keep you on course. You may have an idea of where your money goes, but you can’t fully assess your situation (or change course) until you see the whole picture. A budgeting worksheet or the right budgeting app can help you track your spending and show you some of the areas where you can save more.
Learning budgeting basics will help you understand the difference between fixed and variable expenses. Your rent and car payment will be the same each month. Other expenses, like meals and entertainment, will vary month by month. Smart decisions about your variable expenses will help you put more money in your pocket. Another simple but fundamental savings principle is that you should only spend what you can afford to spend. The budgeting choices you make in the short term are just as important as your long term saving strategies. Ultimately, every spending decision you make now will have an impact on the state of your finances in the future.

It’s always a good idea to keep track of your spending. When you see where your money is going, it’s easier to make better choices and stay on budget. American Express Serve® offers tools that can help you hold on to more of what you earn. This prepaid debit Account allows you to set up Direct Deposit for your paychecks, load cash onto your Card at various locations and withdraw money from ATMs. Serve can also help you categorize your expenses, set spending limits, monitor your balance and set aside funds for a rainy day.

Budgeting Methods: Smart Ways to Spend and Save with American Express Serve
Consider American Express Serve® Cash Back

Get Unlimited 1% Cash Back for every dollar you spend with Serve when you shop in store and online1

American Express Serve® Cash Back
  1. 1

    Earn 1% Cash Back on purchases (less returns/credits) rounded to the nearest dollar, added to your Account after you use your Card. You will not earn a fraction of a penny in Cash Back. For example, a purchase of $0.01-$0.49 rounds to $0.00 (you don’t earn Cash Back), a purchase of $0.50-$0.99 rounds to $1.00 (you earn $0.01), and so on. Account spend limits apply. The Serve Cash Back Card is the only prepaid card/Account with 1% Cash Back on purchases, not limited to select merchants or select purchases. Cash Back can only be used for future purchases made with your Card. Subaccounts are not eligible for Cash Back. ATM transactions, fees and Serve Online Bill Pay are not purchases and do not earn Cash Back. For full terms and restrictions, see the Cash Back User Agreement.

  2. Serve is not a bank account and is not issued by a bank.

  3. Currently there are no cash reload locations in the US Virgin Islands.

    The American Express Serve® family of reloadable prepaid Accounts are available to U.S. residents who are over 18 years old only (or 19 in certain states) and for use virtually anywhere American Express® Cards are accepted worldwide, subject to verification. Fees apply. Other eligibility and restrictions apply. For complete details please visit to view the applicable Consumer User Agreement for each Serve reloadable prepaid Account.

    American Express Serve Service and Card are provided and issued by American Express Travel Related Services Company, Inc., 200 Vesey Street, New York, N.Y. 10285. American Express Travel Related Services Company, Inc. is licensed to engage in the transmission of money on behalf of the public and is licensed as a Money Transmitter by the New York State Department of Financial Services. NMLS ID# 913828. Click here for information about addressing complaints regarding our money services business, lists of our money services business licenses and other disclosures.

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