How to Save Money Fast for Large Purchases
PATIENCE & PLANNING CAN YIELD BIG SAVINGS
We'd all like to buy whatever we want with cash, without giving it a second thought. Of course, for most people, that's not possible. But that doesn't mean you can't have the things you want and need! All it takes to save money fast is a little planning and creativity.
Let's say you want to make a major purchase, like a new living room furniture set, all new appliances for your kitchen or a home theater system upgrade from Conn's HomePlus®. If you don't have the money right now and you want to make a major purchase with cash, you need to know how to save money fast. Your first step is to come up with a savings plan.
If you need to save $1,000, resolve to set aside $100 a month for 10 months (only $25 a week!), $200 for 5 months, or whatever works with your budget and plans. It might help you focus on the goal to post a chart on the wall to track your progress, somewhere you'll see it every day.
Now that you've outlined a savings goal, it's time to create a concrete plan. The best ways to save money fast are to earn more, spend less and save more, ideally all at the same time.