Saving more money seems impossible for many of us.
We already have so many expenses, after all, where is that money going to come from?
Afford Anything explains:
It’s during these moments that you realize: “I really can afford anything.
Not everything, but anything.
But what if you could avoid these financially stressful situations altogether?
I need every dollar.”
That’s a mathematical impossibility.
To make it easier, they recommend saving just an extra one percent of your earnings each month.
If your after-tax income is $2,000 a month, you’ll save $20 in the first month.
Find a way to earn that extra $20.
Then, next month, increase your savings to two percent, and so on.
This is similar in nature to the 52-week challenge.
But it’s a little more personalized, as it works with your own income.
For more detail on Afford Anything’s method, check out their full post.
Take the One Percent Challenge| Afford Anything
Photo:alamosbasement
