If you’re looking for money saving tips, there’s no better place to start than your bank. In the past, your bank was where you got all of your money; now that most people have two incomes and a home to pay off, it’s important to separate your money from your bank accounts. But before you do, there are some money saving ideas you should be aware of.

One of the most common money saving tips is to cut out the grocery store. Even if you’re only cutting out one item from your diet, such as the groceries, you’ll almost certainly save some money. Why? Because grocery prices have risen steadily for decades, and even if you buy only one item from your grocery list this year, next year you’ll probably have more to chose from. That’s because grocery prices are tied to oil and gas prices, so you’ll end up paying more at the supermarket if oil prices jump yet again.

The second best money saving tips is to get organized. If you don’t already have a plan to help you save money on everything you buy, then now’s the time to get started. Set up a spending plan using a free budget planner or online tool to help you set up monthly goals and to stick to them.

Another good idea for your finances is to make a list of all of your monthly expenses and then ask close friends and family for suggestions for what you should save money on. If you ask close friends for recommendations on what items they’d want to see on your shopping list but wouldn’t buy, you can use their recommendations to steer you away from those items that would cost more in interest. It’s not uncommon to save money on interest rates when you have close friends who are willing to recommend something you may not have considered before.

And finally, your savings rate is an important saving tip that you should never ignore. The best way to calculate your savings rate is to take your current household income and divide it by your expected future income. For example, if you are a stay at home mom who earns a living wage, calculate your estimated income from employment and add in the cost of childcare. You’ll find that you’ll be better off saving money on childcare than your current living wage. This is called your disposable income stream or savings rate. Raising your savings rate will allow you to have more income to put towards your bills or savings goal.

These three saving tips are just a few of the many money saving tips available. The best money saving tips are those that encourage you to think about what you buy and when you buy it. The best saving tip is one that helps you develop a plan to replace your income stream with something you actually want and need, something that will give you long term benefits. Start now, by following these simple saving suggestions.