Build a $1,000 Emergency Fund in 10 Steps: Financial Freedom, #82

By Joshua King

Saving is something that we don't learn naturally. It actually takes a lot of documentation to make saving a routine habit.

 

Inside, I list my process of identifying and documenting all of your expenses on a spreadsheet.

 

Then, over time, you reduce or eliminate these expenses and turn them into payments to your savings accounts.

 

It's the same money, but it goes to different places. Eventually, you will force yourself to save significant amounts of money. I used this technique to go from -$77,000 to +$290,000. Good Luck!

 

• Language: English
• Publisher: Joshua King
• Release date: Dec 10, 2022
• ISBN: 9798215015476

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Table of Contents

MILITARY FAMILY INVESTING | Home of the Free PDF

Build a $1,000 Emergency Fund in 10 Steps

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All Right Reserved Military Family Investing | 01  Build a $1,000 Emergency Fund in 10 Steps

02  Just Rewards: Credit Cards vs. Debit Cards

03  The Magic of Cash Flow

04  My Recession Investing Plan

05  The Magic of Having (Budgeted) Fun

06  High-Yield Saving Accounts Hit 3%

07  Saving & Investing with $400/month Available

08  Series I Bonds vs. 30-Year Bonds

09  Life as an Income Investor

10  7 Reasons Dividend Growth Investing Is For You

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Build a $1,000 Emergency Fund in 10 Steps

Budget Your Way to Success

01  Build a $1,000 Emergency Fund in 10 Steps

02  Just Rewards: Credit Cards vs. Debit Cards

03  The Magic of Cash Flow

04  My Recession Investing Plan

05  The Magic of Having (Budgeted) Fun

06  High-Yield Saving Accounts Hit 3%

07  Saving & Investing with $400/month Available

08  Series I Bonds vs. 30-Year Bonds

09  Life as an Income Investor

10  7 Reasons Dividend Growth Investing Is For You

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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it.  I have no business relationship with any company whose stock is mentioned in this article.

All Right Reserved Military Family Investing

01  Build a $1,000 Emergency Fund in 10 Steps

Saving money is a process that most of us need help understanding. If you want to save a large amount of money, your system will need to operate like clockwork.

You’ll need to visualize your money before you can save consistently. You can see your money best by using spreadsheets and following a budget.

You must also check your money daily to prevent random things from happening in your account. Today, I will show you the exact steps I took to go from -$77,000 to over $290,000 in the bank.

Step #1: Open a Google Spreadsheet and write down all of your current expenses. As you can see from my picture, I wrote all my expenses in a column going down. I have many more expenses, as this is just a tiny preview.

Write the expected amount of each bill next to the type of expense. This helps you create a working ghost budget that you can follow.

It may take 3-4 months to find all of your bills. Ensure you document every single expense from your debit and credit cards. You must annotate everything.

Remember that HULU, Netflix, Amazon Prime, etc., are expenses. Ensure you write them down as well.