How Women CAN Save $500-1000 A Month


Are you tired of your money telling you where it’s going instead of YOU telling your money where to go? Have you ever been out of money for the month but there was still several days in the month left? How about needing a down payment for a home or car but you are challenged because you just don’t have it? Realize that YOU are the one in charge of your money, not your money in charge of you!

Saving money is not only a science but it is also a discipline. Once you reach that first milestone then you will be encouraged to save even bigger and better. Often times, to start saving may be painful but I promise you that it will get easier as you go along. Consider the following tips to help you reach your goal:

  1.  Make a firm decision to do it. Regardless of how crazy it may sound, set your goal to $500-$1000.
  2. Change your mindset from I CAN’T SAVE to I CAN SAVE!

  3. Print out a picture of what you’re saving for like a home, car, vacation, retirement, etc. Post it where you can see it regularly. It will keep you motivated.

  4. Don’t worry about how far away you may be from your goal but just START RIGHT WHERE YOU ARE! Make a list of all of the possible avenues where you can first find money, i.e. sofa cushions, old purses/wallets, your car, stored pennies/change, drawers, etc. Gather it together into one place (ie) jar, coffee can, etc. Make this is your starting point.

  5. Decide on a hiding place to put your savings. It can be a separate bank account or an out of the way shoe box. Wherever you choose, make sure it’s a place where you’re not tempted to touch it.

  6. Now make a list of of your weekly expenditures. Don’t leave anything out especially morning coffee, lunch, snack machines, eating out, entertainment, bank charges, late charges, automatic debits, gasoline, etc.

  7. Meditate on the list. Where do you see changes that can be made? What expenses can you get rid of or minimize?

  8. Contingent on the spending changes you can make and your expenses that you have chosen to minimize, make your step-by-step plan of ATTACK!

  9. This step is my favorite. SELL, SELL, SELL! Sell things that you are not using. Things in storage, in the garage, in your closet, the children’s closet, unwanted gifts, etc. Feel free to make Ebay, Craigslist, yard sales, and other selling venues your best friend. Now let’s bring in extra money!

  10. Return items to the store for a refund that you haven’t used. You will be surprised at how much money this tip accumulates.

  11. Resist the temptation to spend your tax refund. If you normally have a sizable refund, adjust your withholding and make the extra money part of your monthly saving program.

  12. Here’s a quick list of additional temptations to avoid: eating out, Starbucks, extra add-ons to your cable subscription, regular shopping mall visits, nail & hair salons, expensive gift giving, impulse purchases, and pricey entertainment.

  13. Remain faithful to yourself and your goal. Remember this is all about you for YOU!

Remember…Rome wasn’t built in a day but it was built step by step and piece by piece. If you stick with your savings goal, you too will be successful.

Cheryl Lynn Smith

IMpowerment & INcrease INnovator

#$1000 #I CAN #Start Now #Savings Goal