I am sure you realize how big of a deal it is to save up 2000$ a month. After all, it would add up to 12000$ a year, potentially making your life a lot easier. It could aid with that house down payment, your debt getting paid a lot sooner, or you investing in multiple streams of income. Sounds intriguing, doesn’t it?
What if I tell you that saving 12000$ a year is no big deal? YES, IT ISN’T. Let’s try breaking it down into achievable and straightforward budget-friendly alternatives. If you get paid weekly, all you have to do is put 500$ a week away. Still, sounds unachievable? Buy a money box and deposit 71$ daily before you step out of the home. You don’t need to push the idea of saving 2000$ a month at the back of your mind anymore: Consider adopting the following approach, and you’d be amazed at how these small steps pile up to make that new business venture possible for you!
Cut Down On Bills
By cutting down on bills, I don’t mean you pulling the electricity cable off or giving your phone away. I simply mean to start saving up on bills. Consider sitting back for a while and reflecting on your expenses that can be easily cut off. It might be possible that there is a network package activated on your phone that you no longer use. Now is the time to inactivate that service.
Prepare Your Meals At Home
Eating at home more often could drastically reduce your expenses and pile up to 2000$ a month quickly. You don’t need to eat out at a bougie restaurant; simply having coffee stops often could adversely impact your savings plan. In addition to the money-broke factor, consider the calories you add up each time you eat out. Sit back now and feed yourself!
Minimize Your Entertainment Expense
Trips to the club and regular outings with friends add to a few hundred dollars without you even realizing it. Instead, discover the alternatives like inviting your friends over to your place, scheduling game nights, or watching a movie together. This is precisely how you advance significantly on your journey to save 12000$ a year.
Create Multiple Streams Of Income
It is a possibility that your monthly income doesn’t allow you to put 2000$ a month aside. In the former case, consider earning more. Maybe perform more efficiently at your workplace and ask your boss for a pay raise or create a side hustle. Consider part-time online jobs after your work hours end, or maybe catch up on new training and skills to earn from them later.