It is crucial to break the goal into smaller sections to achieve the savings goal of getting to $10,000 in one year. Break the biggest goal into monthly, weekly, or even daily goals to not seem so overwhelming.
A famous quote says that the body follows where the mind goes, and the same is true where your finances are concerned. To save $10,000 in one year, you will need to have a mindset that you can do it, and it is achievable.
Most times, we spend what we earn, then we save what has remained. However, to save your set goal of $10,000, you will need to get into the habit of saving before you have spent any money.
4. Save Before You Spend / Pay Yourself First / Automate
A simple budget will enable you to track your average income, your living expenses and help you find where you can get the money to save.Budgeting will give you a clear and concise picture of your financial situation so that you can see how to save the target amount.