Home & Leisure

Everyday Cheapskate: Broke? Can't Save? Oh, Yes You CAN!

Mary Hunt on

How's your health? Not your physical fitness, but your financial well-being. For most of us, how much we earn tells us how we're "feeling" financially. But your income is only one part of the equation. How much of your income do you actually keep?

Not very much, I'll bet. Your income is low, you say; you've got bills to pay. Rents are sky-high; grocery costs are through the roof. Who can possibly save?

My answer: You can. Yes, you can save money!


Want to save $1,000, $3,000, $5,000 or more? I'll help you get there. Every day, my mission is to encourage you in myriad ways to spend less and save more. I know that you can do this! So, let's get started.



Saying you want to save a million bucks is admirable, but let's face it: That is not reasonable. To reach a goal, you need to make it specific, realistic and measurable, something like, "I'm going to save $500 within the next five months by transferring $25 every Friday to my savings account." Much better.

Most experts agree you need an emergency stash equal to at least three months' income -- your net take-home pay. Does that seem impossible? For now, why not set your goal as the amount of one paycheck? That's an amount just about everyone can scrape together with enough determination. When you've done that, try for two paychecks and then four. Soon, you really will reach that three-months' goal.


Get visual and hang up a picture of the item or event you're saving for. If you'd just like to have some money in the bank, make a calendar to post on the fridge, and check off all your savings deposits. (You'll be amazed at how great you'll feel writing those down.)


swipe to next page
Copyright 2021 Creators Syndicate Inc.



Luann Candorville Bob Gorrell Chip Bok Dilbert Darrin Bell