When you find yourself with extra income or financial wins, do you save or do you “reward yourself”? Depending on where you are in your budget, perhaps more money means you make your budget. Hopefully, more money means you can accelerate your savings.
As a part of the America Saves Week campaign, I want to encourage you to make is a goal to save any unexpected money that come in. This could come from a host of sources including:
- Getting a tax refund
- Getting a raise
- Selling something you have laying around the house
- Birthday gifts
- Getting a bonus
- Side hustle income
You get the idea. The reality is that if you were not expecting that money to make your budget, you can use it to get ahead in your savings. I don’t know about you, but I love to save and I love to watch my savings grow.
Here are two opportunities for you to win some extra money to boost (or start) your savings.
First, we are offering our Fiscally Sound audience the opportunity to win $100 simply by taking the America Saves Pledge. In addition, you can enter to earn up to $750 by telling your savings story and sharing it via social media. What better way to start your savings plan than by winning money? Click here to take the pledge and learn about the contest.
Second, if you are getting a tax refund, America Saves had an initiative called Save Your Refund, where they are giving away 100 prize of $100 each and they are having a grand prize drawing for $10,000.
Feel free to share your thoughts in the comments below about what you like to do with the extra money that comes your way.
Stay Tuned for the next (and final) America Saves Week post where I will discuss saving as a family.