The first 10K gives a certain level of confidence. It makes me think: hmmmm. 10K! That was easy. Let's do another 10! Those 10 will rapidly turn into 50K in a matter of a few years if continuing consistently.
I’ve mapped my savings in advance. I’m old school and have a written ledger which breaks down my biweekly pay and expenses (bill). Each pay period I pay my bills FIRST. SECOND, I pay myself by transferring money into my HYSA. THIRD (and last), I pay myself again if no emergency has occurred then I may splurge on something small. Since starting this in January, my HYSA has grown from $0 to $9.2K. My annual salary is approximately $170K.
I found out about a two bedroom apartment that's £400 cheaper than mine yesterday so I'm going to fight to get in this week although it's over 20 mins drive away from me and i can't move in immediately. I'm also applying for higher paying jobs tomorrow
Thanks for the content. You are right on to suggest the account set ups, the stats on impulse shopping and the 24 hr cooling off period. However, many people (many) in our area running into a monthly deficit of $500 or more. Due to the expense of accommodation (where a 1 BR apartment rents for $2300+/mth) it is impossible without overtime or second job to even think of saving and investing. The budgeting and expense review (subscriptions, utility etc) and lowering these are a good and important step.
When everything gets expensive, people get in a buying frenzy, the rich dont spend a penny, until the economy crashes, then the rich buy everything dirt cheap. Nothing in my town was built for 14 years. The new car lots are going broke, but despite people seeing the car lots all going broke, these same people are building restaurants & homes like crazy. So watch many banks, builders, & building supply companies go broke. Many land owners who sold this property to these people, invested back into these bad businesses. Many rich people invested back into these properties as partners will go broke. Once these people cant pay for the property, the banks sell the property cheaper to someone else. But when these restaurants go broke, they will never resell, because no one wants to be in a restaurant business anymore, the restaurants cant be converted to apartments, neither can mall, or factories. So the towns that build most of this stuff will turn into ghost towns. These towns will turn into ghost towns, because people wont have money to spend on this: college towns, entertainment towns, shopping towns where people have to travel far, doctor towns, & factory towns. Knoxville, Tennessee banks went broke in worlds fair, that the banks circulated less money around Knoxville, made Knoxville never recover over 40 years later.
Don’t rely on someone to tell you , research some and find something you like that makes money … it’s a bit of work and figuring but in the long run will be more in tune with what your working towards
People really watching this? So you telling me as on adult you need some one to tell you how to save 10k? It's common sense you work on you save! That's it!!!!! all the other bs makes no sense Waste of time....
You are literally ridiculing people for trying to figure how to better themselves , that’s incredibly selfish not to mention childish; if life is great for you , THEN WHY ARE YOU HERE ???
When you transfer a credit card balance to another card with a 0% APR, they will charge you an expensive 1-time fee to make this transfer. The fee will exceed the amount of interest you think you’re going to save over those few months.
There's no way they can save more day by day inflation is going up. The power of the dollar is going down. Wages are not keeping up with inflation. You're also not taking into account the culture. People aren't getting married thus getting taxed even harder.
