10 Essential Steps To Maximize Savings

In order to max your savings you must have a plan.

This plan must be simple and achievable and serve as the foundation to save the most you can.

Step 1 - Create a Monthly Expenses Spreadsheet and Annual Cash Flow Budget

You can use Excel or Google Spreadsheets to track EVERY expense or you can search online for a free or paid budgeting tool to help you track and record your expenses and help you plan out your monthly cash flow as well. You need this to know your exact expenses being spent and your monthly cash flow. From here you can navigate forward to cut expenses and add income as needed to reach minimum savings goals to pay the bills on time and pay off credit card debt and to be able to plan a Savings Strategy to begin saving hundreds or thousands of dollars a month (which is achievable for any family once credit card debt and auto loans are paid off. Be sure to account for seasonal expenses like vacations, higher energy bills in the Summer and/or Winter, car and home insurance/taxes that you may only pay every few months or once a year. And always build in cost for maintenance for cars and the home to not underestimate your budget.

Now below are the listed the other essential steps, some of which are my articles written to help you save money on shopping and bills and create a plan to save and earn more money to reach savings goals. Follow these steps and make your own plan using this information.

Step 2 - Read S$U post "Saving 101 - Learn the Savvy Saver Building Block Basics"

Step 3 - Read S$U post "Learn Why a Penny Saved, a Penny Earned is Not True"

Step 4 - Visit the "Channels Page" here on S$U website to discover the Unofficial S$U Professors. Go watch their channels. Spend a few hours a week doing to reap their knowledge for FREE. Learn about Macro Economics, Real Estate Investing, Investing in the Stock Market, Finding a Side Gig and Saving Money on shopping, bills, travel and more!

Step 5 - Read S$U post "Is Now the Time to Buy Stocks or a Home? How Should I Invest Now?

Step 6 - Read S$U post "10 Ways to Slash Your Bills up to $20,000/Year in 2022-3

Step 7 - Read S$U post "Save $200-$400/Month on Groceries in Just 2-Hours/Week"

Step 8 - Read S$U post "How to Cut Your Cable, Internet and Phone Bill by $500 A Year in 15-50 Minutes"

Step 9 - Read S$U post "How to Save $100K in 3-7 Years and 1-Million Dollars in 7-17 Years"

Step 10 - Read S$U post "Discovering a Side Gig That You Can Enjoy or Endure To Save For Future" Bonus Step 11 - Once you have completed these first 10 Steps, check back in to see new posts and possibly guest posts and videos by experts in investing, small business or saving money. Never stop learning about saving more, investing smarter and earning more money.