How to Save for Big Expenses: Things you can start today!
In this article, I discuss how to save for big expenses. Do you know someone who recently got engaged and starts planning for the wedding? Or perhaps you need a new car or plan to buy a house. Indeed, these are some of the biggest budget killing expenses consumers face during their lifetime. Whatever the amount, you need to start with a plan for saving money when saving for a big expense.
When I was in my early 20’s, I remember (like yesterday) the day I wanted to buy my first home. When I was renting an apartment, and two doors down, another (much larger) unit went on the market. After making some phone calls, I got to visit the apartment with my Realtor. The condo needed a complete renovation. It needed to get nuked! I knew it would be an incredible investment opportunity, yet an expensive undertaking, and wondered, “How on earth can I make this happen?” How can I pay for it? Indeed, this would be my first investment in real estate.
The following discusses my very best ways to save money on big expenses, such as a new home. And, it’s essentially some of the very same methods for saving money I use today.
Let’s dig in.
