How to Save $10k in One Year Even if You Struggle to Save! | Clever Girl Finance
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- Опубликовано: 3 сен 2020
- Let's talk about saving $10k! Wouldn't an extra $10k in savings be nice? If you've struggled to save in the past, saving $10,000 might seem like a dream. But with some hard work, focus, and intention, you too can save $10,000! Here's a plan to help you do just that.
A lot can change in a year. Saving $10,000 in a year doesn’t have to be unrealistic. It can be yours by cutting expenses, earning more, and resetting the belief in yourself that you can do it. I think the question now isn’t going to be if you can but instead when are you getting started?
Not earning enough?
Are there ways in which you can work to increase your income in order to save more?
Is 12 months a stretch?
This video also discusses creating a 24-month plan if 12 months isn't realistic for you!
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My wise mama tells me all of the time, "Baby, it ain't what you make, it's what you do with it!"
I'm not a girl, but I find this advice most useful for a 60 year old male starting from scratch after the loss of my mother a few years ago. I'm just now seeing light at the end of the tunnel. This is great advice considering $10,000 is my goal for 2022. Thank you!
I saved 10 thousand dollars this year by just not looking at my bank account & quitting online shopping. Bills were on autopay and I was Stevie wonder the rest of the month. Also took my lunch to work instead of eating out
This is so crazy, i just calculated my savings and it's just over 9k and i was calculating when I'll get to 10k. This is the most I've saved in a year and I only make 35k. I rent out an extra room in my home, i save the money i used to pay for car note once i paid off my car, and I save the gas money i used to use to before covid. Plus i saved my stimulus check.
Amazing!!! Well done!
Great!
Good for you!!!!
Wow, great job!
Awesome 👏 like Bola said, you don’t need to earn a lot to make substantial savings 😊
I'm working on saving a 20% home down payment over the next few years and have decided to save $10k per year so I can still build my emergency fund at the same time. I have 2 friends that's on their financial journey, so we are each other's accountability partners, I read financial books, watch financial videos, and listen to podcasts. I'm determined to stay moving towards my financial goals.
Thank you this sounds goiod
Finally someone who actually breaks it down into details. That's how you know she really cares about the people she's teaching too unlike most people who don't give true facts
The night before payday, I transfer everything in my checking account to my savings account before my check hits.
I love this tip! I may try this 👍🏽
if you feel overwhelmed about how to save money, you’re not alone. While some may think saving money is relatively straightforward, one in five Americans have nothing saved at all. So even though spending money is arguably more exciting, you should consider saving money a priority. And there are plenty of ways to save money that don’t involve making sacrifices, either. Sometimes the best way to start saving money is simply to become more aware of your finances and spending habits.
When I opened a separate account that was not “immediately” accessible (online/no debit card attached to it) my savings grew sooooo much more. Great video!
That's a great trick that I often tell people to use!
What online savings account?
I like your information because I did something similar when I was saving up for my multifamily property. I would save $350 every two weeks so $700 a month. If I had extra I would save more. If I couldn’t do the $700. I at least made sure it was $350. Eventually I was able to get to $20k and used it for my down payment. I don’t have that job anymore unfortunately and make a lot less but now I’m a landlord and my tenant pays most of my mortgage in the upstairs unit.
I’m trying again to clear off my debt again and save for something else big 🙏🏾 🤞🏾. It feels harder to do this time now that I already purchased the property. But your video was motivating, thx.
That’s what’s up, I want to do the same thing you did, what city and state did you purchase your multi family home? Also was it a duplex?
I came up with a plan back in Jan '20 to save $100 per paycheck. It's coming along nicely with saving the economic check. Now I've started setting aside $125 to save quicker. Thank you for your videos.
Congrats - keep up the great work!
Opening a separate account helped me build my emergency fund. These are great actionable tips!
Thank you so much for this! Just gives me confirmation that I have been on track and feeding my mental/physical/spiritual with the right stuff.
Next month Apr ‘22, I will have reached my 10k goal. I’ve been saving now already a year. So by the end of this year, with putting 1k aside a month, I will be at 18k.
It’s so close to 20k, so my OCD kicks in when it comes to that, so I will try my best to put any extra with it to get closer to the 20k.
I just became a sub! Anything that edifies my life and growth, I’m all for it.
Again, thank you for your meaningful content! God Bless you and yours.🥰
Love your background and your lipstick! Such great advice especially the first suggestion. I have been finding ways to shave money so that I will have less bills. No cable only 3 subscription app services. Prepaid phone service (bought an iPhone 6 out right a couple of years ago and won’t change anytime soon). My biggest bill was eating in so I challenged myself to two months (Aug and Sept) of no ordering in only groceries. Been saving so much money. Gotta pay student loans and am taking advantage of the zero interest!
I feel so overwhelmed by this. I did start this wk writing down everything I spent money on.
Yes just in time I’m actually working toward this goal, thank you Bola!
This is my goal I already have 1,000 saved in a CD 9k more to go I know I can do it.
I save $300-$500 a week of my salary. Saving is a good thing. And if you don't have any aim or goal, it's hard to save. One must have a goal that burns like fire in one's bones for one to save. You share one of THE most important concepts in personal finance. P.S: I learnt about saving from a lady too😀
I'm sharing some key tips on how to save $10k over the next 12 months! Not earning enough? Are there ways in which you can work to increase your income in order to save more? Is 12 months a stretch? This video also discusses creating a 24-month plan if 12 months isn't realistic for you!
Lb no l
Yayy!! I'm so happy for this video, lots of guidance i definitely need for my new goal
The best advice I learned from this woman and people in the comments was stop waiting to feel like I have a good enough salary to start saving. I just started saving even though I'm not financially independent as much as I want to be but I was able to save more money than I thought and it has help me so much for emergencies. I feel like I'm I'm finally achieving a little bit of my dreams
Thank you so much for sharing your financial expertise! Great motivation for me!
This is exactly what I needed today! Thank you so much. Excellent content.
Thank you for watching!
Bola, I did it! Your advice to break down into chunks really helped the mental of it. I reached my goal in 11 months. I plan to do it again for 2023. I have a spending fast coming up for January. Woo hoo!
So proud of you. well done. Would you mind sharing what specific steps you took that made this possible? We are so happy that you met your goal.
@@Clevergirlfinance I plan on saving up 10k in 9 months saving up 1,000 dollars every month
Thanks Bola. Excellent Video.
Love your videos and tips. Also congrats on your live show with Kelly and Ryan. If you don't mind me asking, what software do you use to edit your videos? Thank you!
Look at this Queen🥰😍 Im proud of My people yassss. Get finance wise!
Yaaaazzzzzz
I really like your videos..glad am seeing this now before 2022
Thanks for being here!!
Thank you!! 😊
For me 10,000- financial stability😀😀😀😀
Good info, thanks, you are good.
This was great!
thank you for your videos so helpful
Treat ur savings like a bill. I pay myself every paycheck. Like if it were a bill
Wow! Good 1 I like this
This is an excellent idea.
Breaking this savings down this way gives me hope that i can do this. I will start with $5k, ie y'all pray for me that i don't dip into this goal when am feeling stranded. Get a part time job, side hustle, etc.. Automate your savings( ask your employer, bank or do it manually). I find that mine takes slow for the money to get out of my account, then i use it. so am finding another method.
Great video
Absolutely wonderful 👏 ❤
I subscribed and also shared your video. Thank you so much for the wonderful tips on how to save.
Thanks for being here!!
Tu for sharing❤❤❤
Fantastic 😀
Thank you this is great
Thanks for tuning in!
I'm going to look into this saving
Do it! You totally can!
I have saved over 60,000. Over the years, I had several side hustles. I also was able to pay off debt. I would used my side jobs to pay down debt and stack my savings.
My plan as well. Earn extra income to save, invest and pay down debt.
Wow
@@ladyhope240 yeah I was focused. Still not done but happy I could say that i did it!
So pretty!
Would you recommend opening an online savings account
Investopedia and Bankrate always have good recommendations if you're looking for online savings account information
Pay off your debts.
You will find your savings potential growing very quickly.
If you can't bring in more money, you must stop or limit what money is leaving your hands.
There are online savings account that have 4-7% annual return
Like who?
@@jamiehorne2048 capital one bank
I am saving fifty a month plus my small changes
Love it!!
I have a question about 401k. Do you think it's a bad idea for me to use some of my 401k to pay off my auto loan? I'm 47 year's old.
Bad, bad idea, why do you want to do that? There are penalties for early withdrawal. Commit yourself.
@@shanmy7064 it was just a thought to get rid of some debt.
@@shayterry8428 start small, and be consistent, meaning paying minimum until you can gradually move to paying paying higher amounts.
Hello everyone. I am new to this channel. And I have a wonderful
Idea? Maybe put together a pantry in your kitchen?? And still put the
Spare change into your savings
account on top of the budgeted
amount of $10,000.
It very dangerous not to automate your savings.
😭😭😭
But my health and life coach certification cost 6,000
Once you complete that you've would have increased your skill set and can work on earning and saving more!
Hey Bola!
Hiiiiii :)
More or less i could save
20k per year cuz we never rent a house...
🤗🙏👏🏿👏🏿👏🏿👍🏿👍🏿👏🏿👏🏿👏🏿🙏🤗💛
This only works if you have an income over $3k and you don’t have kids.
Are there ways in which you can work to increase your income in order to save more? This video shares ideas to think through including create a 24-month plan if 12 months isn't realistic!
This video helps you to have ways to save. And if this amount is too big for you to wrap your mind around Start Where You Are At with a smaller amount. I am stair stepping my way up.
1. A thousand dollars in an emergency fund ($500 if you make less than $20,000 per year).
2. Set up sinking funds (i.e. Christmas, Back to School clothes and supplies, vacation and emergency fund).
3. Do monthly savings challenges. Any amount saved is more than you had before.
4. Work on paying your bills on time and avoiding late fees. Then stash that cash.
5. Build a cushion into your checking account and into monthly bills. Start with one bill and have a full months worth in your account before your paycheck hits.