Are you looking for a way to build up your savings and finally reach some of the financial goals that you have put aside for all those years? There are a ton of different ways that you can do it. Some people will just sit down with their apartment budget and figure out how much they have leftover after the rent and everything else to put into savings. But when you want to really challenge yourself and make sure that you are the one in control over your savings, then looking into a savings challenge is going to be one of the smartest decisions that you can make.
There are a lot of different savings challenges that you can choose to go with when it comes to your budget. But one fun one that can work well is the weather Wednesday challenge. For this one, you will stop for a moment on Wednesday and put the same amount of money into your savings account as the temperature outside. This means that if it is a warm day of 90 degrees outside, then you will take $90 and put it into your savings account. If it is a colder day and it only gets to 35, then you would put $35 into your savings.
This works well no matter where you live. For those who are in warmer areas, the amount that you pay in may be pretty similar from one week to another. For those who live in an area that has hot summers and cold winters, it can vary from one week to another. It is still a great way to save some money and make sure that you can challenge yourself to put more money back to help you reach some of your financial goals.
The biggest issue with this one is if you have some big temperature changes that will happen. If you are worried about having a whole month where it is 100 degrees or higher on Wednesday and you know that your current income and expenses won’t allow you to spend that much on savings right now, then set a maximum amount that you are comfortable with. This can be a small adjustment that takes some of the stress out of this and still encourages you to save and reach some of those big financial goals.
Our studio apartments in Buckhead are calling your name. These are the perfect solution to give you some space that is all your own, while still maintaining your budget and making you feel right at home. With the right location, amazing amenities, and plenty of space, you will be ready to move. Contact us today!