How to Save $2000 by Summer
Inspried by a post that I saw on TheEveryGirl the thought of being able to save up a bit of summer spending cash really resonated with me. I mean who doesn't want to splurge a little here and there especially in preparation of sultry summer days and nights? Whether you are planning a summer staycation or vacation, use these tips to save an extra $2000 before the Summer Solstice on June 21st.
1. Dowload Acorns-you should really do this like now. Immediatley. I wish I had found this amazing investment app a long time ago.
Download it, link your debit card to it, and each time you use your debit card Acorns rounds up your purchase to the next dollar and invests your spare change into a stock portfolio of investments that best suits your needs. It's pure genius. Example: You go to your favorite coffee shop every morning and spend $3.50 for your brew of choice. Acorns will round up the purchase to $4.00 and invest the .50 cents for you. Talk about automation at it's finest. I have been using the App and it truly is so easy-you don't even realize the money is gone! If you want to try it out today click here and get $10 to start your investing game off on the right foot!
2. Take Two Weeks Off-not from your job, from your social life. You will be amazed at how much you can save by Summer
Think of it like this, a small sacrifice now can reap you really great benefits come the summer time. If you regulary go out for cocktails with friends during the week let's say on Thursdays, do dinner on Fridays, and religiously brunch every Sunday chances are you are spending at least $200-$300 a week on your social calendar. Times that by two and you are now up to $600. You could easily take two weeks off from all of this and be that much closer to your summer savings goal whether it's $1000, $2000, or more.
3. Meal Plan-Sunday meal planning and prepping for the week is another amazing way to save your cold hard cash.
If you don't really know where to start there are TONS of great resources out there that will get you started in the right direction. There are free apps like Food.com, low cost apps like Cook Smarts, and Emeals, amongst countless other online resources from food and meal planning blogs like The Magnolia Market and everything in between. Whether you choose a free app or a low cost one, getting on the meal planning bandwagon not only is good for your health, it is great for your wallet as well. Many of the meal planning apps offer full service meal planning from shopping lists, to recipies, approximate cost of your weekly meals and more. According to the Motley Fool, the average person in America spends $2625 a year eating out in restaurants. You can doube that if you live in NY! Try out meal planning even for a month to cut down on your spending and you should be able to save another $200-$300 to add to your summer savings fund.
Put it all together you have got two months to stash away $1000/month for a total of $2000 by June 21st. Break it down into realistic goals, weekly ones, daily ones, whatever works for you. What are you willing to sacrifice to get to your goals today?