Savings  your own way

If you feel overwhelmed about how to save money, you’re not alone. While some may think saving money is relatively straightforward, one in five Americans have nothing saved at all. Especially in 2020 during this pandemic year with COVID-19. I would imagine it’s harder for many to start savings now.

Many might ask “how do I start that saving thing? The answers to that question is always complicated. The first thing to saving is coming up with an objective as to why you want to start saving for. Once you have that goal set in place then you have to start working on reaching your goal.

As I tell people it’s better to pay off debt as they carry higher interest than what your savings will bring. You can also set up a plan on how you going to do this. The first thing I did was giving myself 5 years to achieve the payment on my school loans. And try not to carry credit cards balance to the next month.

Trust me everybody living paycheck to paycheck, things are pretty tight you don’t see how that savings thing going to happen. Relax yourself a little, human were meant to be challenge. Tell yourself you dare it to do what you want to do. Like challenge yourself to put $25 away from every paycheck with the goal of doubling it next paycheck.

Now you probably already asking yourself how would that be possible. Because you always come short on the bills. Well it takes a little sacrifices. For instance if your phone bill is $69.00 a month switch to a different carrier they have good deals.
Talk to other people find out what service they are using and how much it cost them.

Also cut back on all the streaming services, it’s nice to have options but at what cost? Look back a little when was the last time you use all these services for more than 45 minutes in a single week. Be mindful of how you spending your hard earnings.
If you burn $150 in electricity. Start managing the way you consume energy don’t leave the  lights on if their not needed. Open the shades let some sunlight in.

You like it cool well while you at work keep the AC at 77. Unplug telelphone chargers when their not in use. Try to open the fridge as less as possible. All those little things will contribute towards doubleling that $25 dollars saving, stay focus and carry on.

Remember my motto “is not to spend your working hours money in minutes”.

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