It may sound impossible, but I promise you, it’s not. With some strategic saving (and spending), you can have $10,000 in your bank account by the end of the year.
Pay your debts
A great first step in saving is to pay down your debt a bit. You don’t have to pay it all off if you aren’t able, but pay it down enough so that creditors aren’t calling you non-stop.
Save your paper change
Get one dollar or five dollar bill back when making a purchase? Stash your paper (non-coin) change in a piggy bank or small safe. It will add up in no time!
Courtesy of Dave Ramsey.
This is a great way to get a handle on how much money you are actually spending each month, and what you are spending it on. This will help you cut out frivolous items, thus saving money!
Learn more at Vagabondish.
Pay with cash
Studies have shown that people who pay for items with cash spend less than those who pay with credit or debit cards.
See more great tips at Go Banking Rates.
Making automatic deposits
Set up your direct deposit to automatically deposit a set amount into your savings account each paycheck. You’ll barely miss the money, and you’ll see your savings grow each month.