I know what you're probably thinking, how the heck am I going to do that with the limited amount of resources that I currently have? I, too, was once a nonbeliever! At one point in my life, you couldn't tell me that I could save $20 in one month, let alone $500! Once I buckled down and actually tried to save using the method that I'm going to share with you, I was super successful with reaching my goals. So here's how you save like the true boss that you are.
Everyday for the next 30 days, you're going to save a certain amount of money. This may sound a little aggressive to some, but trust me, it's not that bad; all you need is a little self discipline and the desire to accomplish this goal.
Before you begin on this savings spree, you need to determine how you are going to actually stash your cash. Saving actual cash can be good, but there are some better options out there. With physical money, it's easier for you to get tempted to stick your hand into the honey pot. Because of this, you should look into stashing away the savings into an account that you don't have easy access to. There are some awesome online savings accounts out there, but here are my faves:
So now that you've determined how you are going to stash your cash, it's time to save! On day 1, you are putting away $1. On day 2, you are putting away $2. You continue this for the remainder of the 30 days by saving the amount of whatever day it is. So on day 30, you should be saving $30. At the end of the 30 days, you should have a total of $465 saved! As long as you didn't cheat and skip a few days, you should have this amount.
Now, I know you're probably wondering where all of this 'extra money' is going to come from right? Well, if you make a few small changes in your daily routine then you should have no problems at all during this 30 day period. For instance, instead of going to Starbucks every morning, try making coffee at home or drinking the free stuff in the office. I know it may not taste as good as Starbucks, but you should train your mind to believe that it does!
Additionally, bring your lunch to work instead of ordering out everyday. Step away from that vending machine. Walk or ride your bike to some of the places that you need to go to instead of driving. Say no to going to happy hour with your crew for once in your life. The point that I'm trying to make is that there are plenty of opportunities for you to cut back and save once and for all!
So there you have it, almost $500 in 30 days. Make sure you're either using that money to actually stay in your savings account (don't spend it) OR use this extra cash to pay down one of your debts. Trust me, you'll be thanking me later.