Money Peach

EP122: Save More, Pay Cash, Rinse & Repeat: The Formula to Saving for Big Purchases

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Sinopsis

Well, are you about to freak out yet? Why? Because we are about a week away from Christmas and the spending is in full force right about now. In fact, did you know the average American family will spend over $845 in 2018 and closer to $1,000 in 2019?! I am not saying you shouldn’t spend that much this Christmas. I say if you have the money and want to spend it - by all means, go right ahead! But what if you don’t have the money? What if the holiday season sneaks up on you and the only option is to put it all on a credit card? If you remember from last year, this means you’ll be making credit card payments for Christmas in July. The Solution: This week I am sharing with you our little SAVINGS HACK for the big expenses in life. Christmas, vacations, emergencies, new cars or any other big expense you can anticipate. If you start what we are talking about this month, you’re going to really enjoy spending money this time next year because you’ll have the money set aside. And when the vacation comes up you want to