For today’s guest post on increasing your savings, please welcome back fellow blogger Anum Yoon.
In today’s world, there are endless opportunities to make money, but not all of them are the definition of reliable. Unless you have a sizable, stable income, it can be difficult to build a hefty savings account. It can be intimidating to start putting your money away for the future, especially if you aren’t sure what’s the right way to do so. Thankfully, there isn’t just one way to save!
Increase Automatic Savings Just a Bit
Don’t attempt to save money in big chunks at first. It will be discouraging to see the money drain from your account so fast when you’re not sure what your new budget will be. Give yourself a small goal, and let it grow bigger with time. For example, start saving 1% of your monthly income, and, after six months, increase it to 2%. The time frame can be whatever you need it to be, but the gradual saving will build your account quickly.Continue reading“7 Easy Ways to Ramp Up Your Savings”