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Hi there! Building your savings like a rock star is totally possible and this is my secret, track every single dollar you can put into savings each month.
Every month I share just how much I was able to save from the previous month. Although, this time, I am going to combine four months into one report!!
I started tracking every dollar I was able to put into savings in 2015, as a means to prove that I WAS saving money and get out of the money funk I was in because it didn’t seem like I was making any progress towards my money dreams.
March through June 2016 Savings Report
Lately, I’ve been investing in myself by taking a Year of Rest. This means there are often times I have to put aside working on the blog, instead of pushing through to get everything published when I would like.
I still have been tracking my progress and have a long savings report for you today!
Over the course of my Great Savings Experiment, I learned some new things.
Now, if you are really excited about tracking how much you can save. I recommend signing up for my Increase Your Monthly Savings free 5-day course. Just click the image below to sign up.
One, no amount is too small to put towards the money dream you are working on
It may not look like a significant amount by itself, but added together, over time all of these little amounts really do add up into an impressive number.
Second, tracking your progress in a visual manner absolutely will change your life!
You will see the progress you are making and you can see the end in sight to reaching your money dream.
Your motivation to cut expenses and bring in more income will go through the roof! And you will reach your money dreams so much more quickly.
And third, focusing on just one money dream at a time will allow you to make a lot more headway!
When you are trying to reach several money dreams simultaneously, you only get a lot of frustration and discouragement. It is critical to focus on just one thing at a time.
Invest in Yourself by Saving Money!
One more thing stood out to me as I was preparing my savings report for this month, building your savings is one way you can make huge investment in yourself!
Investing in yourself often seems like a selfish thing to do, yet it is so rewarding and is a very healthy thing you can do, as I have learned during my year of rest.
When you intentionally put money into savings, instead of spending it,
- You are investing in yourself by reducing future money stress.
- You are giving yourself the ability to have the choice of what to do, instead of always having to constantly hustle to make ends meet, you can spend more time with your family, all because you have money in the bank.
- Emergencies become inconveniences. The blow of a financial storm is lessened when you have a healthy savings.
- You can buy what you need with cash, escaping the heavy burden of taking on debt and paying it off over the next few years.
Saving money is a great investment you can make in yourself!
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Now, let's see how much I saved in the last couple of months!
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Hi! I’m Charissa. I’m on a mission to help hardworking women overcome money struggles and gain financial peace with a Biblical perspective so they can have the freedom to impact their families and communities. Ready to make some changes that will impact your finances in 2020? Click here to get a free worksheet to help you make it happen!
I have such a hard time saving money. It seems like every time I squirrel away a little nest egg, something big needs to be purchased every time! But I always say at least I had the money!
Jennifer, I definitely have been in that place for a long time, where I squirrel away a little money only to drain it dry. This didn’t change for me until I started tracking every dollar I was able to save. Yes, having money on hand is a good thing for any purchase/emergency (even if you would rather spend it elsewhere). Thanks for stopping by!
I love this post.I too believe money saved is money earned.I like spending on stuff that matters and not on mindless luxuries.We are still using our 11 year old car because we are living in a small town where we can go to most places by walking .I have given my daughter her first piggyback to earn and save.So this is a favourite topic.
Thank you Dr. Basu! Savings is a form of investing in yourself and your future. My vehicle is pretty old too, I am waiting until I can save up enough money to replace it. Thanks for stopping by!
I love this, Charissa! In a world where we’re constantly bombarded with how to spend, spend, spend money, I like to hear about how to save it.
Dropped by today from #BloggersPitStop and happy I did. Shared. 🙂
Hope the week ahead treats you kindly and isn’t frugal with joy! 🙂
I agree that no amount is too small! I used to throw $10, $100, $5.63 whatever came my way at my debt and I got it paid off pretty fast. I do the same with savings goals now.