While saving money just to save is better than not saving any money at all, you could be missing out on opportunities to maximize your savings efforts.
When it comes to saving money, you’ll want to implement a strategy that sets you up for success.
You may already have that strategy, or it may need to be tweaked.
In this episode, I’m sharing 5 ways you can take your savings strategy up a notch and guarantee yourself the best results with your money-saving efforts.
Here’s a glance at this episode:
- [02:35] Naming your savings account to match the goal you’re saving for, you’re more encouraged to avoid spending that money.
- [06:29] Depending on what you’re saving for and how long it will take to reach that goal, you may want a specific type of account as you save for that goal.
- [10:14] High Yield Savings Accounts are great options for saving for any type of goal because you’ll earn more interest than with a regular savings account.
- [13:54] As you make progress towards your savings goals, make sure you reward yourself for wins along the way.
- [16:45] It’s so easy to want to do everything at once, but you could be spreading your resources too thin and delaying your progress.
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Resources mentioned in this episode:
Listen to CGS Podcast Episode 76 – Breaking Down My Savings Accounts and Strategies
Let Raya create a budget plan for you!
Learn about Raya’s Financial Focus Coaching Program
Follow City Girl Savings on Instagram, YouTube, and TikTok
Join the City Girl Savings Facebook Group
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