There are approximately 15 weeks between Christmas 2020 and Easter 2021, so that means you have 15 weeks to pump up your savings account and recover from December spending. If you divide it evenly, you need to save about $67.00 a week from Christmas to Easter to get $1,000 by Easter.
Now, doing the math is easy, but saving the money may be a little bit harder. One key way to make this savings is to cut back on areas each week where you know you typically spend $66.00. For a lot of people this can come in the form of eating out a few nights a week or online shopping or maybe even wasting the cash and not even knowing what you are spending it on. For me, when I have a savings goal, the surest way for me to save the cash is to automatically transfer it to my savings account at the beginning of the week and then cut back here and there as the week progresses.
As a mom, a major way I cut back is not taking my kids into the store with me, when they are around, I am guaranteed to spend a tad bit more on items that end up in the cart somehow. It might be helpful to save all of your receipts the week before you are going to start this type of savings activity just so you can have an idea of where you are spending and where you can cut back by reviewing the receipts at weekend and going into your savings activity with your plan of action.
There is an alternative to saving if you just can’t cut back right now. Making more money. If you have the time, you can try and work a few more hours if your job will allow it or you can pick up some extra work. I used to do a lot of promotional work when I was younger, and this type of work almost always pulled in an additional $1,000 in a month or two when I was trying to save.
If promotions aren’t your thing, you can go onto Thumbtack and look for services that you can offer to others. I often found myself on Thumbtack in the past looking for tutors for my son when I was working long hours and he needed support. If your great in a subject or can help others learn to speak another language, you have hit gold with Thumbtack. Thumbtack is an app you can download on your phone or tablet, but you can also log into their website you can log onto to. Once your registered with Thumbtack, you can offer or receive just about any type of service, it’s a great way to get some extra cash if you not into doing the usual rideshare work or promotional work.
However, you go about it, if you can manage to put away $67 a week from Christmas to Easter, you can easily pad your savings account with $1,000 that will come in handy with Spring Break in April or even summer vacays in July.
Happy Savings! Feel free to drop your ideas for savings below, I’d love to read them and share.
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