Thursday, February 6, 2014
An Easy way to Save Some Serious Money
I get a lot of questions about how to make more money and how to save more money. Recently someone shared with me the below formula. I like this one because it is simple, easy to follow, can be increased for more aggressive savers, and is doable and achievable by everyone.
Obviously I am a few weeks behind the start date, but it still does not mean you can't start now and still have a hefty chunk of change saved by the end of the year.
As you are disciplining yourself to put away the money I encourage you to get in the habit of making it a daily practice. This way when you get to the week that you are saving $35, rather than trying to come up with the entire $35 in one day, set aside $5 a day. Also, plan ahead. If you foresee it being more challenging saving the $50 for a week invest a little more during the smaller weeks… put away $4 instead of 2 and $8 instead of 4, etc…
I hope this strategy proves to be a helpful and profitable one for you.
I'll have another blog up soon as I have a bunch of great pictures I am excited to share with you all :)