Money Management

How I Saved $10,000

In this video, you will learn how I saved 10,000 in seven weeks and how you can too. You can expect to hear about Budgeting, Money Saving Tips & How To Manage Finances in Your 20s!

There are so many reasons why you should have money saved in the bank. After seeing what happened with a global Pandemic, layoffs, and life over the past two years, we can all see the benefit of saving a large chunk of cash to have on hand for emergencies.

I was able to save close to $10,000 in two months and one week. Please remember not to compare your situation to mine. You have different challenges than I do. These are general financial tips that I used to get myself to my savings goal meant to be shared for inspiration.

I was able to save quickly because I moved every single penny that wasn’t allocated towards an item on my budget into my savings account. This is known as a zero-based budget.  I also had an increase in pay, had a yearly bonus come in, as well as income from side hustles. Here are my tips to getting you on the fast track to saving your money:

    1. Unfollow any consumer-based accounts like fashion, food, home decor accounts.
    2. Rethink monthly subscriptions, only keep the ones that you use/need
    3. Avoid the supermarket when you are hungry
    4. Delete shopping apps like Amazon
    5. “No-Spend” Month
    6. Picked up an extra job
    7. Used my holiday bonus toward the savings fund
    8. Set up direct deposit into the savings account

 

 

In this video, you will learn how I saved 10,000 in seven weeks and how you can too. You can expect to hear about Budgeting, Money Saving Tips & How To Manage Finances in Your 20s

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🎧 Side Hustle Podcast: https://player.captivate.fm/episode/6

If this video helped you out be sure to share it on your social media or with friends and family, and I will see you back here at the same place at the same time for another video. Over and out.

🙋🏻‍♀️ ABOUT: I’m Eddi, a Tech Recruiter by day and career/money content creator by night. I love to share my knowledge about career progression and personal finance, both things that were never taught in school.

🌟 Disclaimer: My opinions are my own, based on the general experience I have acquired through the years in recruitment and HR and do not reflect that of my employer

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