1. Figure out where your money is going — and where you can cut back. <\/strong> 2. Distinguish and automate your savings.<\/strong><\/p>\n Create a dedicated savings account for your small business, and de-link it from your checking and other accounts so you\u2019re not tempted to dip in.<\/p>\n 3. Try lowering your “fixed expenses.”<\/p>\n The phrase \u201cfixed expenses\u201d implies they\u2019re just that: fixed. On the contrary, items such as utility bills and credit card interest rates are often negotiable. First, make a list of your regular recurring expenses (usually charged monthly). You can do this by highlighting them on a printed account statement.<\/p>\n 4. Make your money work for you.<\/p>\n When you do build up a savings stash, it\u2019s important to make sure you\u2019re storing it in the right place. For example if you know you won\u2019t need your savings stash for at least one year, you can store it in a certificate of deposit (CD) — a savings certificate with a fixed maturity date, on which you can withdraw your deposit and the interest it\u2019s accrued.<\/p>\n","protected":false},"excerpt":{"rendered":" 1. Figure out where your money is going — and where you can cut back. The first step to saving more money for your goal: figuring out exactly where your current earnings are going, dollar-by-dollar. 2. Distinguish and automate your savings. Create a dedicated savings account for your small business, and de-link it from your […]<\/p>\n","protected":false},"author":1,"featured_media":3638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[27,30,28,29],"tags":[],"yst_prominent_words":[],"_links":{"self":[{"href":"https:\/\/investobrainsacco.co.ke\/wp-json\/wp\/v2\/posts\/2186"}],"collection":[{"href":"https:\/\/investobrainsacco.co.ke\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investobrainsacco.co.ke\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investobrainsacco.co.ke\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/investobrainsacco.co.ke\/wp-json\/wp\/v2\/comments?post=2186"}],"version-history":[{"count":0,"href":"https:\/\/investobrainsacco.co.ke\/wp-json\/wp\/v2\/posts\/2186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investobrainsacco.co.ke\/wp-json\/wp\/v2\/media\/3638"}],"wp:attachment":[{"href":"https:\/\/investobrainsacco.co.ke\/wp-json\/wp\/v2\/media?parent=2186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investobrainsacco.co.ke\/wp-json\/wp\/v2\/categories?post=2186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investobrainsacco.co.ke\/wp-json\/wp\/v2\/tags?post=2186"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/investobrainsacco.co.ke\/wp-json\/wp\/v2\/yst_prominent_words?post=2186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nThe first step to saving more money for your goal: figuring out exactly where your current earnings are going, dollar-by-dollar.<\/p>\n