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Save $3000 in Ten Weeks

It is important to save money in this economy. Experts have been saying that everyone should have three to six months of expenses saved up but recently I heard that the number should be EIGHT months.

Our household lives off a freelance income. That means that the paychecks come when the paychecks come and there really is not guarantees when (or if) they will arrive. We have been living off last month’s income for a couple of years now and it has made us more aware of our spending habits. Last week I decided to push our finances to the limits and begin to save aggressively. We are aiming to save $3000 in just 10 weeks.

Tips for Saving More Money

1. Eating out is one of the quickest ways to eat up discretionary spending. Over the next ten weeks we will eat all of our meals in home or we will pack sandwiches and a picnic if we must eat at the ball field or other outing.

2. Turn off extra lights and equipment around the house and turn the air up to 74 degrees. I can save any of the overage from the budget for the electricity.

3. Sell something I don’t need, use or love. It may be something big like a piece of jewelry or something small like a toy or collectible that could go in auction.

4. Work one extra job each week – as a freelance writer I can take on as many jobs as time allows. One extra job each week could be dedicated to savings.

Saving $3000 in ten weeks is not an impossible task. It only takes finding ways to save just $300 each week or around $60 each day. Putting back that extra money will get me well on the way to a comfortable emergency fund and it will help me become even more aware of how we spend money as a family.

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