Unlock $1K Monthly Savings Secrets from Frugal Living Star Kate Kaden!
As we step into 2025, have you found yourself wishing you had a solid emergency fund? If so, you’re in good company and now is the perfect time to set ambitious savings goals!
You’re definitely not alone in this journey! A staggering 81% of individuals surveyed reported having no emergency savings, as highlighted in a recent report. It’s a wake-up call for many, but don’t let these statistics discourage you!
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Frugal living guru Kate Kaden believes you can save a whopping $1,000 each month, and she recently unveiled her secrets in a must-watch video. Here’s a peek at her game-changing tips!
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Financial experts like Dave Ramsey and Suze Orman often stress the mantra, “Pay yourself first.” Kaden champions this strategy, sharing how she learned from her own missteps.
“I used to have it all backwards,” she shared. “I would pay bills, indulge in some fun, and then save whatever crumbs were left.”
Now, she’s flipped the script — putting her savings at the forefront, then tackling bills, and finally treating herself. “When you treat your savings like a bill, you safeguard that amount,” she emphasizes.
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As you gear up to build your budget, focus on a clear savings goal.
Start by deciding on your year-end savings target, then break it down into manageable monthly amounts. For example, if your goal is to stash away $12,000 by the end of 2025, that translates to $1,000 each month.
Alternatively, you can adopt the 50/30/20 budget rule, allocating 20% of your income for savings, 50% for necessities, and 30% for discretionary spending.
Regardless of your chosen method, treat your savings amount as non-negotiable. “If you’re serious about saving, this figure should be unwavering,” Kaden insists. “Your budget should revolve around it.”
Saving $1,000 each month might feel intimidating, especially if your income averages around $1,165 per week or if you have hefty rent or mortgage payments consuming over 30% of your paycheck.
If your current savings target feels unrealistic, start smaller. “Once you prove to yourself that you can stick to your budget, gradually raise your savings goal,” Kaden advises.
As you begin to inch your savings upwards, take a hard look at your budget for additional ways to cut costs and boost your monthly savings rate.
