Are you looking to save money before your next vacation? Do you struggle with financial saving?
Saving money isn’t easy.
Saving money isn’t easy because life happens; you get into a fender bender, or an emergency necessity comes up that depletes your savings account.
It’s difficult to save up for the big items in life like online training courses and vacations.
Since saving up is something that I’ve become quite good at, I wanted to share the two tactics that I implement whenever I’m looking to save.
By setting a budget and planning ahead, I make it easier for myself to save money.
If you want to save up, you need two things: a plan and a budget.
You must have a plan for how you’re going to save; without a plan in place, saving is impossible because you’ll easily find ways to spend that extra income.
By creating a budget, you set yourself up for success with saving.
Having a budget will enable you to set targets for how much you want to spend and save in the different categories of your life like travel, food, and fun!
Once you have the budget, it comes down to creating a system so that you can stick to it.
Making saving a habit:
I personally take time every Thursday to look at my bank accounts and credit card statements to ensure I am on track to meet my goals.
I also make it a point to set aside small amounts of money each week that go directly into my savings account for my honeymoon.
There are two benefits to saving in this way.
The first is that it never feels like a big hit to my bank account. I hardly notice the $10-$30 that I take out of my weekly paycheck to put into my savings.
The second benefit is that it builds the saving habit.
By making weekly contributions, I see my savings account grow each week; this further increases my motivation to keep saving!
What do you think? How do you save up for big trips or purchases?
Share your money-saving tips in the comments below!