No, you don’t need a $1,000 to start saving. Five dollars will do just fine. But save. And regularly. Saving is one element of building wealth and creating more income. Saving allows you to create a security net that doesn’t require you to borrow money from family and friends and definitely not a payday loan place.
You become your own ATM. You become your own bank. But in order you need to start saving. And monthly. And yeah, it could be that five dollars you have extra. Put it in the bank. Don’t touch it. Add to it. Keep working. Keeping adding to it. Watch it grow.
And if you, save more. That’s always the goal. The more you save, the more secure you’ll position yourself in case of an emergency. Or… an opportunity.
Happy April 1st…April’s Fool and Cesar Chavez Day. Today’s like a mouthful. But if you still got some space left… happy 2nd quarter of the year!
Yeah, like why do you care? Well, in about 14 days your taxes should be filed. And when I hear that said out loud, I hear money. More like money that needs to be saved. I don’t know if you’re getting a return back or if you’ll owe, but regardless if you’ll be writing a check or depositing a check, we need to start saving… more. No, I get it. You are saving. You’ve even got your savings on automatic transfer. Go for you. Now increase it. Seriously. 😐. If you can save whatever dollar amount you’re saving now then try to save a little more.
If you’re only saving $5 a month, go ahead and start saving $6. The increase to your savings doesn’t have to be magnanimous. But it should be greater than what you were saving. If you’re saving $20, aim to save $25. If you’re saving $25, aim to save $30. Or $50 if you can swing it. Save more money to accelerate your dream fund, your travel fund, your down payment on a home fund or whatever you’re planning for in the future. Let the same principle to your emergency fund too.
If you make one positive money move this second quarter of 2019, let it be that you increased your savings. Your future self will thank you.