How Winter Can Help You Achieve Your Savings Goals

 

I don't know about you, but it seems that the general consensus on Winter is that there's nothing good about it.  I however, choose to look at it in a different way.  I like Winter because I can hibernate and decompress until I'm ready for Spring.  But financially, I like Winter a lot because it's the one time of the year that really helps me out with achieving my savings goals.  Here's how it can do the same for you!



You Spend Less

Think about it...you aren't able to do as many outdoor activities that cost money in the Winter so you are saving money on tickets for sporting events outdoors, Summer concerts, and other events.  There aren't as many Holidays after December so aside from any birthdays, you aren't spending all that much money on those things either. 

You Can Focus Better

If you are working on a specific financial goal for your savings like buying a new car, this time of year allows you to just steadily focus on that one thing you are working towards. All of the money you AREN'T spending should go towards that goal.  

You Can Get Creative

If you're going to be stuck in the house when it's cold and miserable outside, you might as well get creative with your goals.  Make a crafty chart to track your progress or even sit down and make a special spreadsheet to track it.  

You Can Get Motivated
There's no excuse not to motivate yourself by reading expert advice or taking personal finance training courses.  Now is the time, while you're inside the house, to read, watch, and learn as much as you can.

 

You Can Save for Spring and Summer

Now is also the time to start saving towards things that are a few months away, like a vacation, a wedding outfit, or even your own wedding.  You have months to work on this so you won't be frantic and rushing around when the time comes. 

 

So how can you work on your savings goals? Well, first take a good look at your budget, making sure you cut back and any costs you can, even if it's just a few bucks by reducing your cell phone data plan.  

 

Look for extra money in your budget at the end of every month and put that directly to your savings goal.  If you get any extra money along the way whether it's from selling something or doing some side work, pour that all into your savings goal.  And don't forget, any money you get at the holidays can really stack up towards your goals, so don't get too tempted to spend it just yet! 

 

What is one of the savings goals you're currently working on?

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