What are the secrets to save 1k, 5k, or 10k this year? It takes some discipline, creativity, commitment, courage, and a willingness to make some changes. Other than that, saving money really isn’t too challenging. It’s amazing how one small tweak in your spending patterns can alter your savings account in a big way.
There are lots of “easy” ways to save 1K each year, but to get to the 5K and 10K mark you’ve got to think outside the box. Remember, savings doesn’t just mean cash in your checking account. It can mean more interest in your retirement accounts because they are better positioned, or maximizing your write-offs so you get a larger tax deduction or one of my favorite ways to supercharge your savings is using negotiation. Negotiate your cell phone and cable bill, but also, negotiate for the big bang items like your salary, or money to use for a down payment on your house.
Check out the podcast where I talk about some of my favorite ways to save, and then download the cheat sheet with more secrets at Yourmillennialmoney.com/secretstosave.