How to Save $2000 in One Year

How to Save $2000 in One Year

This post is particularly written for people who have a regular income, are ‘bad’ with but desperately want to save money for a holiday or any other things they ‘want’ (related post: How to Tell the Difference Between Your Wants and Needs).

With 2000 dollars (in Australian Dollars or in US Dollars) you can have a nice, fun holiday. For Australians, a holiday package in Bali with $2000 is comfortable enough for two people.

This package, for example, only costs $799 including airfare, hotels, and breakfast for 5 nights.

So how do you save $2000 in a year?

First, you’ll need to have self-discipline, where you follow the chart (below) and put the money away according to the numbers in whichever box you cross off every week.

You’ll need to put the money away to an untouched savings account or a simple piggy bank and simply not touch it until the end of the 52nd week. To help with this type of self-discipline, you’ll need to be able to pretend that once you put the money away, you don’t have the money anymore.

Here is a chart that you may want to print or write down your own and stick it to your fridge. It has 52 boxes, each box has a different amount of money you’ll need to save to achieve the $2000 goal. I’d suggest you start with the largest numbers first so it feels lighter by the end of the year.

To help you with saving money, do consider changing your lifestyle. A no-spend weekend is a good start. Here are some ideas on how to have a no-spend weekend indoors and outdoors.

I hope this post helps you reach your goal effectively. Please let me know if you have any additional or different ideas on how to save a certain amount of money in a year.

Share