Jump Start Your Savings – Personal Financial Goals 4 of 6

Is it time to jump start your savings? Regardless of where you are at, savings should remain a top priority. These ideas can work for you, whether you are starting a simple $1000 emergency fund or trying to contribute extra to your retirement this year.

Easy Ways To Jump Start Your Savings:

  • Clean out your closet and head to a consignment store
  • Offer lessons or coaching sessions in something you are good at
  • Baby-sit or dog-sit
  • Cancel your cable or another unnecessary luxury
  • Create jewelry or soap or another good you know how to
  • Offer to gift wrap at the holidays for friends and family
  • Get a part-time job
  • Tutor students
  • Have a garage sale and sell things you no longer need or have moved on from
  • Look around for items you can buy and resell at a higher price on sites like eBay or Craigslist
  • If you feel you deserve one, ask for a raise
  • Sign up for focus groups
  • Volunteer for medical research
  • Donate plasma
  • Shop around for a better deal on services and insurances you pay each month

Important Notes To Remember – Jump Start Your Savings

Don’t forget that you can put in a mass amount of effort, and still not build your savings. We have a tendency to make more AND spend more. First, let’s say you get a raise of $180 per month. Then you cancel your cable that was $135.00. Last, you hold a garage sale and make $333. Unless you put that $688 safely in your savings account, it won’t jump start you savings. It seems like a simple reminder, but it can make a big difference.

In conclusion, don’t forget to make savings a priority. It is easy to become lazy about it. Once you have built up an emergency fund and are making retirement contributions, you may become stagnant. It is important to review your savings and adjust your goals, just as you review and adjust your budget. Sometimes a little jump start is all it takes to become motivated again!

Call Now Button