In an interview with “ Life Kit,” Wong said that it’s “unlikely you’ll reach your budget goal just by cutting back on coffees. “ A roommate is worth a thousand coffees ,” says author Kristin Wong. Make it $75 a week and you’ll see an even larger amount saved-$7,800.” 5.) Evaluate large expenses Increase that amount to $50 a week and your savings could grow to $5,200. At the end of 2 years, you could have $2,600 saved. Not sure how much to save? Here’s some great advice from Vanguard, “For instance, let’s say you set aside $25 a week in an emergency fund. They encourage readers to save money from each paycheck, set up direct deposit, set aside money for specific savings goals, and more. Ben Gran and Kat Aoki’s article – “ 9 Ways To Automate Your Savings – includes ideas to make saving easy and effective. and the cash envelope budgeting method.Ĭonsider automating your savings.Best Wallet Hacks zero-based budget guide,. Other helpful budgeting resources include: Also, Chris Arnold’s NPR piece “ How to spend less money, starting with a budget” was excellent.Īs you learn about budgeting, try different budgeting methods like a simple spreadsheet, apps like You Need A Budget, or a physical notebook and pen. If you’re new to budgeting, “ Beginner’s Guide to Budgeting” on Financial Feminist is a good read. Oh My Dollar! is a non-judgemental “place to talk about money for people of all incomes.” The authors make “the scary stuff of money approachable with a dash of glitter and a lot of cat puns.” And, they have great information about budgeting on their website! 3.) Budgeting basics & more
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