Could You Use an Extra $20,000.00 In Four Years?

Live a Dream in Four Years in Five Easy Steps

All of my life, I have dreamed of moving to New York City after my children graduate from school and move out of the house. With these goals and ambitions in mind, I am now looking at methods in which to cut corners on my budget so that I can prepare to move with $20,000.00 cash in the bank. While this may not sound like a whole lot of money to move with, it is important to understand that I have other assets which can be sold to provide the added income. This $20,000.00, I simply need to pay for moving expenses and to get the first month or two of living expenses covered while I make the transition. With only four years left to go, I've had to devise a method to my financial madness. As a single mom, finding $20,000.00 can be challenging. However, with a few simple tricks, I should be able to save $5,000.00 per year and carry $10,000.00, in cash, with me to New York. In terms of days and weeks, I have 208 weeks, or 1,456 days, to make this game plan work!

Trick #1: Reduce high-end coffee shop visits to once per week:
At present, I frequent the high-end coffee shop almost every day. As a "reward" to myself for being frugal, I believe I will allow myself one day per week to indulge in my favorite latte. With an average cost of about $2.50 per cup, I can save, over a week, a total of $15.00 per week, equating to $3,120.00 over the next four years!

Trick #2: Use Coupons:
I recently began to clip coupons and found the task to be rather time consuming and cumbersome. However, when I approached the coupon clipping task as an opportunity to save dollars towards my New York move, the whole coupon approach took on a new level of interest. Over the past few weeks, after clipping coupons, I have saved, on average, about $12.50 per week. By re-investing this $12.50, each week, back into my savings account, I will have $2,600.00 in four years.

By using Trick #1 and Trick #2, I've already reached one quarter of my goal!