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There is no better time than now to start saving. Use these 52 weekly money saving tips to Get out debt and crush it every single year. Even if you follow one tip every week, the savings will add up substantially.
Economy is getting uncertain. You don’t know when you will get your next job or next project. Rent is due in 2 weeks and you don’t know how you will pay it. Sounds familiar? Fret not. Use following tips to quickly save $1000.
Get out debt by knowing your income and expenses
If you are doing a job for someone else, you know your weekly or monthly income. However, it is surprising that many of us do not know our weekly or monthly expenses. If you use more than one credit card for regular expenses, it will be all the more difficult to have a clear view of your monthly expenses. If you are comfortable using a software to track your income and expenses, you can switch to Mint. They make it easy for you to view your monthly income and expenses in one single report.
If you do not like to use software like me, just a plain paper and pen will do the same job. We use this simple one page tracker every single month.
Automate the Saving to Pay off Debt early
Saving is a good habit. But automatic saving every week or month is even a better habit. Set it once and forget it. Just see your money grow earning interest in the high interest savings account. E.g Ally Bank
If saving regularly is difficult for you, start small. Just $5 a day adds up quickly. For saving your first $1000, you can set to save $100 a week for 10 weeks to be automatically deducted from your checking account every Friday or Monday. In less than 3 months, your first emergency fund is ready. If you can not wait for 3 months, just increase this automatic saving amount or read these top 15 tips to build your Emergency fund faster.