How to Save $10,000 (Get Started Today!)

In today's video we're diving deep into what needs to be done to set a goal of saving $10,000 and how we can actually achieve this. With 2021 right around the corner this would be a great goal for the new year!
1. Save Before You Spend
This is very important because you are prioritizing saving over anything else financially when you save before spending. With saving being your highest priority you are far more likely to reach your goal.
2. Create Additional Income
Find what works for you to make a little money on the side and bring it over to your savings. The possibilities are endless for this and I encourage you to find something you enjoy! Check out my channel for ideas on side hustles you can get started on.
3. Budget your money!
Budgeting is so important when setting financial goals. Creating a budget will assist you in finding where you may be overspending currently. Doing this will allow you to make a plan of action to stop overspending and start saving.
4. Celebrate Milestones
This is a long term goal, along the way it is easy to become discouraged and unmotivated. Celebrating your milestones along the way such as hitting $1000 saved or $5000 saved is a great way to keep yourself on track and motivated to keep saving.
5. Don't burn yourself out
At the end of the day the most important thing is that you're happy. Understand that you may have to sacrifice some luxuries in your life to achieve this goal, but do not push it so far that you're not living a healthy lifestyle. Everybody needs a couple hours a day to de-stress and relax.
Thanks for watching!