A recent study by MarketWatch found that of those who are setting financial resolutions for the new year, 57 percent are aiming to save more money. If you’re part of that group of hopeful savers, there are a number of ways you can step it up financially in 2023, from taking full advantage of available tax breaks to automating bill payment and savings account contributions.

1. Stash more away in a tax-advantaged account

If you have access to a company retirement plan, take advantage of it to the full extent possible for your financial situation. You’ll not only enjoy tax-deferred retirement savings, but you also could rake in some free money if your employer offers matching contributions. Aim to contribute at least enough to secure the full employer match offered. And if you have any extra funds kicking around — say, from a recent raise at work — consider contributing a bit extra to your retirement fund.

2. Take advantage of a triple tax break from a health savings account

If you have a health insurance policy that’s health savings account (HSA) eligible, that can be another smart way to save in the new year. Contributions to an HSA are tax-deductible (or pre-tax, if they’re made through your employer). The money then grows tax-deferred, and withdrawals made for eligible medical costs are tax-free. According to a recent study by ValuePenguin, an HSA can save an individual $840 a year on taxes, whereas a family could save as much as $1,679 per year.

3. Use your FSA funds before you lose them

Usually, you’ll lose any money in a health-care flexible-spending account by the end of the year if you don’t use it. But now, many employers offer a grace period during which you can use your money leftover from the prior year. It’s smart to spend that money before it disappears, whether it’s on new glasses, prescription drugs, or doctor’s appointments. You can then put the money you otherwise would have spent on those costs into savings.

4. Cut health-care costs by capitalizing on your employer’s resources

Health-care costs can account for a significant piece of your budget, so if your employer offers any ways to save — whether through a wellness program or enhanced incentives — it makes sense to take advantage. New programs typically start on the first of the year. 

Check in to find out what your employer is offering, whether it’s perks for signing up for health assessment or biometric screening, participating in a fitness program, or reaching particular health goals. Additionally, your employer may provide discounts on gym memberships, access to a fitness coach or nutritionist, or a weight-loss program. Some employers even offer tools that make it easier to compare costs between health-care providers and to save on prescriptions.

5. Rely on automation

If you set it up so your regular monthly bills get paid automatically from your bank account, you’re less likely to miss a payment and end up covering late fees. You might even land a discount from automating your payments. According to Kiplinger, this is especially the case for student loans, car and home insurance premiums, auto loans, and mortgage payments. 

Automating your savings can also help you to save on a more regular basis. You could set it up so a certain amount of your bi-weekly paycheck gets sent straight to savings. Even if it’s just a small amount, that will add up over time.

6. Beware hidden fees

Another way to save is to look over your bills for any sneaky fees that you can avoid. Some common spots to keep your eyes peeled for fees are your bank account, your credit card, and your retirement. To steer clear of bank account fees, for instance, aim to only take out cash at fee-free ATMs, regularly check your account balance to avoid overdrafts, and make sure you maintain any minimum balance required to avoid monthly maintenance fees. 

While each of these charges alone may seem minor, Investopedia reports that the savings can add up: It’s possible to save nearly $50 a month by opting for a no-fee or reduced-fee checking account. Over 25 years, your savings could total around $2,000.

7. Check your credit report for errors or red flags

You’re able to check your credit report for free once a year through the website AnnualCreditReport.com, and doing so can lead to savings down the road. That’s because your credit report and score can affect the interest rates you receive when borrowing, and even your ability to secure an apartment or get a job. An error or any fraudulent activity that shows up on your credit report could easily drag down your score, so keep an eye out for those issues and report them promptly.

8. Take advantage of interest and rewards

You’re inevitably going to have to spend, so why not make your money work for you when you do? Two ways of doing this are by stashing your savings in a high-interest savings account, and opting for a credit card that offers generous rewards. If you had a card that offered 2 percent cash-back rewards on all purchases, for example, and you charged $2,000 a month to your card, that could net you $30 each month in savings — or $360 a year.

9. Pledge to cut back on unnecessary spending

This might seem like a no-brainer way to save, but there are likely unexpected or overlooked areas where you could cut back. For instance, you could pay up to $40 less each month on your cable bill by bundling cable and internet, Nerdwallet reports. Other possible ways to cut spending include canceling subscriptions you’re not using often, enhancing your home’s energy efficiency to reduce your electric bill, refinancing loans to secure a lower interest rate, or avoiding impulse spending at the grocery store by making a list and sticking to it.

10. Pay off high-interest debt

Saving is certainly important, but it’s likely to be tough going with a mountain of high-interest debt. And the longer you have your debt, the bigger it will become, since interest continues adding up over time. Coming up with a plan to tackle debt head on — whether through a debt consolidation loan or a debt payoff strategy like the debt snowball or avalanche — can help you wave goodbye to debt so that money can go into your savings account rather than toward interest charges.

Becca Stanek has worked as an editor and writer in the personal finance space since 2017. She has previously served as the managing editor for investing and savings content at LendingTree, an editor at SmartAsset and a staff writer for The Week. This article is in part based on information first published on The Week’s sister site, Kiplinger.com