Yusra3
VIP Contributor
You want to save $10,000 in a year? You’ve come to the right place.
Here are 4 simple steps that will help you achieve your goal:
1. Start by checking your bank account balance daily and make sure it’s adding up to more than zero (or negative). If it isn’t, do something about it!
2. Make sure you have enough money in your savings account to cover a few months of expenses if something unexpected happens (like a job loss or medical emergency). It’s better to keep some money in savings than to rely completely on credit cards and other forms of debt for short-term expenses.
3. Set up automatic payments through apps like Mint or Acorns so that you don’t have to worry about forgetting! You can also set up recurring deposits into an individual retirement account (IRA) or college savings plan if you have kids who need extra support paying for college tuition.
4. Cut your costs! The best way to save is by cutting your spending on big-ticket items like cable TV and cell phones. It's also important to look at how much you spend on smaller things like food and entertainment and then cut that out as well.
Here are 4 simple steps that will help you achieve your goal:
1. Start by checking your bank account balance daily and make sure it’s adding up to more than zero (or negative). If it isn’t, do something about it!
2. Make sure you have enough money in your savings account to cover a few months of expenses if something unexpected happens (like a job loss or medical emergency). It’s better to keep some money in savings than to rely completely on credit cards and other forms of debt for short-term expenses.
3. Set up automatic payments through apps like Mint or Acorns so that you don’t have to worry about forgetting! You can also set up recurring deposits into an individual retirement account (IRA) or college savings plan if you have kids who need extra support paying for college tuition.
4. Cut your costs! The best way to save is by cutting your spending on big-ticket items like cable TV and cell phones. It's also important to look at how much you spend on smaller things like food and entertainment and then cut that out as well.
