11 min

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

    • Education

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 go on, you’ll have the money set aside.
Or when the hot water heater goes out, you’ll have the money set aside.
Whatever large expenses you have, you’ll have the money set aside.
Mentioned in the show:
Best Online Banks:
CIT Savings Builder - 2.55% APY when you save $100/month OR have a balance of $25,000
https://www.moneypeach.com/citsavingsbuilder
CIT High Yield Savings - 1.55% APY when you open an account with $100 minimum balance
https://www.moneypeach.com/citsavings
**The links above are affiliate links. This means Money Peach is a partner with CIT Bank and they can send a commission for using one of the above links. It doesn’t cost anything more or less for you but allows Money Peach to fund this podcast. Thank-you for your support!

All the show notes, links and anything else I mentioned can be found at https://www.moneypeach.com/session122

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 go on, you’ll have the money set aside.
Or when the hot water heater goes out, you’ll have the money set aside.
Whatever large expenses you have, you’ll have the money set aside.
Mentioned in the show:
Best Online Banks:
CIT Savings Builder - 2.55% APY when you save $100/month OR have a balance of $25,000
https://www.moneypeach.com/citsavingsbuilder
CIT High Yield Savings - 1.55% APY when you open an account with $100 minimum balance
https://www.moneypeach.com/citsavings
**The links above are affiliate links. This means Money Peach is a partner with CIT Bank and they can send a commission for using one of the above links. It doesn’t cost anything more or less for you but allows Money Peach to fund this podcast. Thank-you for your support!

All the show notes, links and anything else I mentioned can be found at https://www.moneypeach.com/session122

11 min

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