Everyone should be a savings queen or king. Here is a couple of ways to save $10,000 in one year if you get paid every other week.
Saving $10,000 in 52 weeks (biweekly)
The next thing that comes to mind is how? How do you come up with an extra $10, 000 a year? Here are a few ways to cut expenses in order to be able to save such huge amounts. 1. Stay with a family member for one year and save on rent. This could snowball your savings so that you save another couple thousand. 2. Refinance your car. Getting a lower payment and lower APR could help you in the long run. 3. Cut cable and landline phones. 4. Put a pause on extras such as manicures, pedicures, hair color, and even haircuts. 5. Use schools to save on haircuts and dental work. Sometimes things must be done, but who says you need to pay full price. Do your research, embrace google, ask for referrals and save your hard-earned money. 6. Make more meals at home. Limit yourself to going out just a couple of days a month instead of a couple days a week. 7. Avoid coffee shops like the plague. Make yourself a strong cup of coffee or even espresso at home and save a thousand a year easily. 8. Make a budget and stick to it like your life depends on it. Make sure you add everything on there, even movie nights once a month. Being on a budget doesn’t mean you don’t spend money on fun things, it just means you keep track of those pennies and you pinch them! 9. Get an accountability partner. Having positivity in our lives is vital for going forward and making our dreams a reality. Find a friend who can keep you accountable to save and not ‘make it rain’ every chance you get. 10. Embrace Groupon and other money savings apps. These are great ways to send your kiddo to a summer camp or take a date night with a loved one without spending an arm and a leg.
Let me know if any of these ways work for you.