What should i save up for

No matter how much they cost or how little, I want you to look at making those things happen. Spending money on a solo vacation, a yoga retreat was absolutely on my bucket list! I saved for 18 months to afford it. Oh well. Those things can become your reality, maybe not all of them but at least can happen! You should still be saving money while paying off debt, but you need to be strategic about it!

You should…. Then you should be putting everything towards your debt snowball to pay off any high-interest debt i. But most should go to paying off debt so you can stop wasting money on interest fees. That should be your 1 priority. A great way to still be saving money for your financial goals is to use your birthday and other gift-giving holidays to supplement your savings.

Your family would probably be happy to give you for your solo vacation instead of giving you a physical gift that you may not want or like. That could mean just writing them down, calling your bank and opening a separate savings account, or visiting your HR Dept to get retirement paperwork. For numbers , you can start today! Thank you for sharing these great tips! I have been more focused on trying to get my debt paid off for the last 2 years. This is a wonderful post!

I have never thought of saving up for a solo vacation, but that sounds absolutely lovely. Do it! You would love a solo vacation! You get to do whatever you feel like doing in the moment, so freeing! Your post is really necessary this is a great reminder on why we should save up, me and my friend have this weekly money challenge and we are looking forward at the end of the year to see how much we save.

Money challenges are so much fun! This is a great list! My husband and I should have saved more than we did for our home.

But life is a learning experience! Great post! I love the thought process of throwing everything you got at something, very powerful. Saving has definitely been easier since last year. I saved up and traveled. Now I want to make large purchases. So glad that you were able to save up for something you wanted to do! They say people are happier when they buy experiences vs.

We really need to spend more time figuring out the retirement and college funds for our family. I really appreciate that you talked about the fun part of saving money! That is vacations, solo trips and bucket lists. Growing up I was taught to save but it was never presented to me as something that could be fun!!! I really appreciate you bringing all perspectives to the table!! So glad you could see a different side to saving! When my marriage ended 6 yrs ago, I was left with nothing and I vowed to never let that happen again.

After working hard and being smart with money, I now have savings which came in handy during the pandemic. I am hoping to start saving more when I am able to return to work. This was a great post! It sounds as though you turned it into fuel to fire your determination! So glad that your savings has helped you through all that has happened, it must have been so comforting knowing you had that cushion to fall back on.

I have an emergency fund that brings me security and I am making sure it stays intact even as my husband and I save up for a down payment on a new home. I also try to balance retirement planning. It feels like a lot at times but I know it will pay off. Thanks for sharing this insightful article…it brings me some confidence that I am on the right track. It absolutely sounds like you are on the right track!

Best of luck on saving for your new home! Great advice! Makes such a difference. Investing in your health is important while your young so you can save on medical costs later.

This is a great list of things to save up for! Great list! Having an emergency fund is super important! Short-term goal is to save up a fund to build my own desktop though! Great tips on saving for all areas in life. And a post worth bookmarking too, comes up as a valuable reminder.

Great list, wish I had had better money sense when I was younger. Am much better now I have ditched the very expensive ex husband?. Oh yikes! I think we all have regrets when it comes to money. Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed. Skip to content By Nikki September 3, Saving Money. Want to save money and travel the world? Unsubscribe at any time. I totally agree! If you want something, you pull out the plastic and then pay it back with payments over who knows for how long. If you can afford the monthly payments, everyone does that; what's the big deal? The unfortunate thing is that this sort of thinking is making sense to too many people these days.

The measuring stick for being rich is different depending on who you talk to. Calling your own shots, financially speaking, means having the freedom to make choices in your life separate from earning a pay cheque. If you are relying on your credit cards to afford your lifestyle, break your expensive credit habit by saving up for your purchases ahead of time. With savings, you can buy things when they are on sale and take the time to make better spending choices.

People with savings can also stockpile groceries when they are on sale items that are non perishable or which can be frozen. You must have this money saved up or have someone give it to you—and not lend it to you. Savings is what will open the door to owing a home. When you want or need to buy a new car, you will need to have a down payment in order to get a car loan at a reasonable interest rate.

Zero percent financing is reserved for great customers, so a car loan is bound to cost you something—and it could be a lot. The best thing you can do is save up as large a down payment as you can afford, and then consider your options.

Maybe buying a quality used car rather than a new one will be what it takes to get you the vehicle you want. If you ever want to get out of debt, you have to have some money saved. Sounds ironic, doesn't it? Even if you are an awesome planner, stats show that half of us experience at least one totally unexpected expense each year and half of those will be unexpected car trouble.

Then when unexpected things come up, you can pay them out of your reserve fund rather than put them on your credit cards. For more tips on getting out of debt, click here. If you want to have a good, relatively stress-free financial life, you need to save for annual expenses.