HOW TO SAVE 1K IN A MONTH
September 21, 2017
I'm constantly telling myself I work too hard so I deserve x, y, and z as a way to justify any extra spending- which is true I do work too hard, but it's also necessary to sacrifice the wants for the bigger picture- the coins in the bank account.
Because I'm always changing things around in life to make them work better for me I have tried different ways to help my savings. One of them has been getting myself on a strict budget; use only x amount of money each month for any entertainment, food, shopping, etc and save everything else after the bills are paid.
I also track my spending and expenses as a way to figure out where my money went and who I'm giving my money to. I highly recommend tracking your spending as a way to figure out exactly what needs to be adjusted (food, coffee, entertainment, shopping, etc), what can't be adjusted (bills), and what you need to work around (credit cards bills, gas, subscriptions, etc).
Although being on a strict budget didn't really work for me, I often try to pick and choose what has worked for me in the past and try to implement it as a way to improve my saving system.
The same goes if you experience an increase in salary at your current job- stick to your regular spending and save the extra money. The more money we make, the more we spend. If we strict ourselves to a reasonable budget even after the rise in salary we are able to continue spending as before but actually saving more since the extra income is being put aside to grow.
One of the methods I'm currently trying is saving a specific amount each week on top of my usual sayings (I have around 2 other saving methods I'm currently using to meet different goals), any extra money left after the savings, bills, and regular spending will end up going to the savings account as well.
I'm also paying myself back any money I have taken from my savings account in the past couple of years that I shouldn't have touched, to begin with (pretty much paying back my own "loans" from my savings account). Yes, the bigger picture is to save!
I know savings is hard, I have many days/weeks that I have saved little to nothing.
I also know people that live check by check because one: they don't know how to save, and two: they are in a situation at the moment that they need to live check by check to survive. I do know that living check by check is not the way to live, simply because you don't know what's going to happen in your job, what happens if you lose your job? or if a family emergency happens and you don't have the extra funds to cover it? This now takes you to have to borrow money from people, taking out loans with interest payments and the whole nine yards.
This is why it is very important to have a good saving as a backup plan for rainy days. Like I mentioned before I know it's really hard for some people to save, which is why many different savings methods have been created to help us. The one I created is a quick guided to help you save the money you are lacking. Of course, this is just the beginning, and you can apply this or any method and start your saving journey with the one that works better for you and meet your goals.
Today I'm bringing you a printable that will show you how you can save $1,000 in a month.
It's pretty straightforward, you can do this in your journal, you can do it in your notebook, or you can do this in your calendar whichever way works better for you, just take the method and put it to work. In the printable, I have made it easy for you to have it ready to use as it tells you how much needs to be saved each day and how much you will have by the end of the month if you follow it correctly.
The whole goal is to help you find more ways to help you save money for a bigger picture.
When it comes to savings there are scarifies to be made, your needs overcome your wants, and the wants will be put aside until you have reached your savings goals.
I'm not an expert on saving, I have my days I still lack but I also have my eyes on the bigger picture. The printable can be used as many times as you want, it was not designed for one specific month, rather for being able to be used over and over again.
If you currently don't have a savings account, know zero to nothing about savings or have any questions or where to start, leave me a comment below or send an email and I'll be happy to help. Saving money for the future should a top priority that is often lost in translation.
Have you tried this method? What are your feelings towards savings? Leave me a comment below and let's chat.
I also track my spending and expenses as a way to figure out where my money went and who I'm giving my money to. I highly recommend tracking your spending as a way to figure out exactly what needs to be adjusted (food, coffee, entertainment, shopping, etc), what can't be adjusted (bills), and what you need to work around (credit cards bills, gas, subscriptions, etc).
Although being on a strict budget didn't really work for me, I often try to pick and choose what has worked for me in the past and try to implement it as a way to improve my saving system.
How to Save - Here is what I recommend.
If you have a side hustle or side business and are currently using the alternative money as "extra" money I recommend putting that money straight into your savings account. This way you are only utilizing your main income and increasing your savings with the extra money.The same goes if you experience an increase in salary at your current job- stick to your regular spending and save the extra money. The more money we make, the more we spend. If we strict ourselves to a reasonable budget even after the rise in salary we are able to continue spending as before but actually saving more since the extra income is being put aside to grow.
One of the methods I'm currently trying is saving a specific amount each week on top of my usual sayings (I have around 2 other saving methods I'm currently using to meet different goals), any extra money left after the savings, bills, and regular spending will end up going to the savings account as well.
I'm also paying myself back any money I have taken from my savings account in the past couple of years that I shouldn't have touched, to begin with (pretty much paying back my own "loans" from my savings account). Yes, the bigger picture is to save!
I know savings is hard, I have many days/weeks that I have saved little to nothing.
I also know people that live check by check because one: they don't know how to save, and two: they are in a situation at the moment that they need to live check by check to survive. I do know that living check by check is not the way to live, simply because you don't know what's going to happen in your job, what happens if you lose your job? or if a family emergency happens and you don't have the extra funds to cover it? This now takes you to have to borrow money from people, taking out loans with interest payments and the whole nine yards.
This is why it is very important to have a good saving as a backup plan for rainy days. Like I mentioned before I know it's really hard for some people to save, which is why many different savings methods have been created to help us. The one I created is a quick guided to help you save the money you are lacking. Of course, this is just the beginning, and you can apply this or any method and start your saving journey with the one that works better for you and meet your goals.
Today I'm bringing you a printable that will show you how you can save $1,000 in a month.
It's pretty straightforward, you can do this in your journal, you can do it in your notebook, or you can do this in your calendar whichever way works better for you, just take the method and put it to work. In the printable, I have made it easy for you to have it ready to use as it tells you how much needs to be saved each day and how much you will have by the end of the month if you follow it correctly.
The whole goal is to help you find more ways to help you save money for a bigger picture.
When it comes to savings there are scarifies to be made, your needs overcome your wants, and the wants will be put aside until you have reached your savings goals.
I'm not an expert on saving, I have my days I still lack but I also have my eyes on the bigger picture. The printable can be used as many times as you want, it was not designed for one specific month, rather for being able to be used over and over again.
Click the below link and grab your printable and start your savings journey!
Have you tried this method? What are your feelings towards savings? Leave me a comment below and let's chat.
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