It’s already a ways into January, so some of your resolutions may have already bit the dust, right? If it’s your budget goals, hang in there, there’s still a lot of time left!
We all want more money in the bank right? Easier said than done.
Sometimes it seems so difficult or like our efforts really won’t make a difference. Or we could be thinking that we are doing just fine, and that just making it each month is okay.
Small Change Over Time
I know I tend to get more comfortable and slack off when the money is flowing a bit better. Then I remember that idea of how small change can make a huge difference over time. I mean think about it: if you saved $1 a day for 5 days (we’ll say it’s the change you get back you just put away… remember those days when we used cash?), it’s only $5, right? What about over 2 and a half years? That’s almost $1,000! Nothing to snuff at. Then, while interest may seem small, the bigger that account gets, the more interest it rakes in.
Time for a Game Plan!
My husband and I decided we want financial freedom, so we really combed through our budget to see what we could save. Since we’re both admitted sticklers with our money (like you’d never guess– I promise, we’re fun, too. That’s why I post vacations so you see we have lives), we had to come up with things that worked and what we were willing to make happen.
We’re towards the end of our goal; we’ve saved $25,000 in 4 years and are on track to slightly beat our target!
Now I know some of these things may work for you and some may not, but it’s not about following our list EXACTLY, it’s starting with the small things you can change. Here’s some of the things we put in our $30k Game Plan:
We made all these switches and have been able to save an extra $500 per month on average.
Some things are worth spending a few extra dollars on (like books and home improvements), and we account for those; these items above are what we figured were at least moderately painless (though it doesn’t always seem so at first). Like I said with small change, a little can add up nicely, and an extra $500 a month adds up quickly! In 5 years it comes up over $30k in the bank ($32.5k for those who plan to check my math)!
For us the dream of financial freedom is worth these sacrifices and more. We’ve got some big goals in the next few years, so you can bet these are part of the game plan.
To help you as you consider your own game plan, I’ve included some posts to a few of the tips above and more:
- Paper Towels
- Add Soup
- Save Money on Internet Bills
- 10 Easy Ways to Stretch a Dollar
- Whittle Your Waist and Fatten Your Wallet
- Getting Your Dream Home
- One Thing You Can Cut from Your Diet to Save 1k a Year