Tips To Save $10,000 In A Year

You’ve got a lofty goal in your sights…save $10000 in a year. Maybe you are saving up for a down payment on a house. Perhaps you are creating an emergency fund or rainy day fund.

Good Debt vs Bad Debt

As a general rule, you can save $10,000 in a year by saving $27.40 a day, $192.30 a week, $384.62 every two weeks, or $833.33 a month.

Good Debt vs Bad Debt

Go over your budget with a fine-toothed comb and start cutting expenses. Look for categories that you can tighten up or even eliminate. If you are trying to save $384.62 every two-week pay period, what expenses can be reduced to help you towards that goal?

Reduce expenses to free up money in your budget

The next strategy to get you closer to your $10,000 savings goal is to ADD income.

Add Income To Meet Your $10,000 Savings Goal

Make it known to your employer that you are available for any special projects or overtime. Tell other employees that you are free to pick up shifts if they need it and earn extra money where you are.

Work extra shifts/overtime at your current job

I have seen help wanted signs in so many retail stores lately. People are out there shopping and eating out again. Waiting on table is a clear way to bring in cash every shift.

Get a second (or third job)

There are lots of unexpected places you can find the money. Look for “hidden” money that can add up and help propel you closer to your $10,000 savings goal.

Find Extra Money


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