How To Save $5000 In 3 Months! | Clever Girl Finance
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- เผยแพร่เมื่อ 2 ส.ค. 2024
- A big part of financial wellness is setting-and meeting-financial goals. Setting a savings goal is one of the most common types of financial goals.
For example, you may want to learn how to save $5000 in 3 months. Perhaps you want to save it toward a home downpayment, for a vacation, or to add to your emergency.
What would you do with $5,000 if you could save it over the next 3 months? Let us know in the comments.
Check out these ideas to save 5000 in 3 months and go over actionable tips you can use today.
#save5k #save5000
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This depends on how much you earn per month, not every one earn that amount of money
If I had $5000 extra, I’d either put it into my brokerage/retirement accounts or add it to my emergency fund - I’m trying to get a full year of expenses in there 🤞🏽
I would put $1000 towards debt payments, $100 on a solo dinner date, and the remainder in my high yield savings account 😊
If I had 5k right now my husband and I would be travelling to try and maximize our time before I lose the most of my vision. 😊
That would be amazing to do. Hope you can make it happen.
Thank you so much for these videos! Cutting on smaller expenses is extremely important. I embraced minimalist and intentional living, my money now serve my goals and purpose especially those ones that invest in my future
Huh…🤔.. am I the only one that would have to live in a box under a bridge if I took $1600 a month out of my check? As a single person clearly I’m not making enough money.. 😫
Right now, I'm saving for my son's braces that he's getting in 6 months. I'm determined to pay cash and not go into debt for it. It's so expensive!!
I would split it between debt payments, business investment and savings boost.
Saving $5000.00..IS HARD!!! for most people!!
I would save $5000 and make a one time principal payment to my mortgage. ( I’m really trying to pay off my house ASAP)
I would add it to my emergency fund
This is actually my 3 month goal. It will put my last credit card at 25% usage.
This is amazing. Well done. 25% usage is good.
If I have extra $5k, put into Roth IRA or high APY checking/saving account and keep building emergency account.
Great ideas. When we get paid we have a money transfer automatically to our savings account because I know if it was in the checking account I would probably spend it. We also have a specific amount that we never go under in that account. We have a list of things we want to do or purchase. We research the item and then save for it so we can pay cash like when I needed a new washer and dryer. Sometimes we surprise the grandkids 18 and 21 and transfer some money to their accounts from our savings.
Thank you for sharing, Bola, I always love to be educated in finance and how to improve my financial journey and goals to become better at saving, budgeting, and investing. I want to get better so I can teach my kids what it takes to save and how to save effectively.
If I had $5,000 cash available I would stash it in my housing savings bucket. I am in NYC it's better to buy than rent.
Hello I look at your channel all the time starting in Jan I start saving 900 a month I would love to try to save another 700 a month to start that budget for three months thank u so much to show us how to try
You can do it! Well done. Keep going.
I'm so glad your video got recommended to me. I loved it. Great tips/reminders!
Glad it was helpful!
If I had an extra $5,000 right now, I would pay my tithe, invest, pay myself and start budgeting.
10 percent Tithe , 10 percent save, 80 percent live.
If you buy something give something away.
Can you do that now with the funds you currently have...
Paying your tithes is probably why you don’t have an extra $5,000 right now.
There are different ways to tithe. Support your community, help another family,, its all on your heart and personal relationship w Christ.
@@dijaworldworld3895 Is Christ a White person?
$5,000 would go towards the money I’m saving for renovations
I would keep $5000 saved in my Ally savings acct which I believe is at 3% yield now.
3.30%!
@@so.many.obstacles you can save in a fixed annuity for 3.84% and can help you with that
I would add it towards my home deposit (down payment) 😃 😊
Great idea!
Put in my emergency fund👏👏
I know it was my ancestors and spirit guides that made me stop scrolling and review this video. I grew up in a household that showed me at an early age how to save. My mother is a great teacher on how to save,but I haven't done a great job at saving. I am 52 and looking for ways to save more money. Well, I am starting a job that is paying weekly and more money. Also, I applied for and will get the part-time job that will help me save even more money. Thanks for this video,its very helpful.
Thanks for sharing! You are most welcome. Saving money is definately a skill that you can learn. Start by immersing yourself in all things financial literacy , keeping watching our content and take consistent baby steps. Overtime as long as you are committed you will see progress.
If I had an extra $5000 I’d put it towards my car note because my emergency savings has 3 months worth of expenses for me and my car debt is all I have left
Another great goal! Do it.
Good job!
Nice tips!
I would put it toward an emergency fund
I'm actually $2,000 into saving $5,000-$6,000 to pay my taxes this year.
Thank you for these tips! 🙏🏾
You're so welcome!
Put it toward a house
If I had 5k now, I would place into me Emergency Fund which is in gold
Interesting. You would have sell your gold to access your emergency fund. Emergency Funds are usually liquid, which means they remain as cash asset and are accessible for when you need it.
I would get current on past due bills, put a portion into my emergency fund, and pay up as many bills as I can with the rest
Family Vacation 😅
amen
House downpayment
You are amazing 😊 thank you
Put in my high interest savings account
I'm currently 1/3 of the way to my emergency fund so I would put an extra $5k towards that
Whoop whoop. This is such great news. Well done.
I'd put it in a high yield savings account and use as a sinking fund
If I have an extra 5000$ right now, I would throw it to my car. My goal is to pay it off this year.
If I had 5000 right now I’d put 3000 towards home renovations and 1000 in my savings account and 500 in investments and 500 on spending. Idk huuuh. This is why I’m watching this lol
YAY!
I'd use it towards paying off my car loan
$5000.00..put it in Emergency fund!!!
I would buy much needed supplies for my business..
I would pay off my credit card and a small loan or just put it on my principal.
With an extra $5,000 - I would keep it in savings as I am a contract worker. If there are any gaps in my contracts, I can use that to cover my expenses.
That's a smart financial decision! Having a solid emergency fund in place can provide a valuable safety net in the event of unexpected income gaps or expenses. Keep up the good work and continue to prioritize saving for your future.
very practical steps keep up the good work 👏👏👏👏👏
Glad you liked it
I would add it to my home deposit
This is such a great idea. Do it and keep up posted on your progress.
I would invest it
I’m happy I found your channel great info thanks
We are happy you found us too
I was looking for a savings challenge - perfect timing! Thank you so much for sharing this great breakdown with us, Bola! 💰
Buy new washer and dryer as well as the floors done
This sister is so helpful❤
Thank you for being a part of our community. We appreciate you.
I would open an index fund
definitely not responsible of me to say but if I had 5k right now, I would pay my 1k debt first, or at least half of it, and then save some for studying abroad and then distribute what's left for my upcoming bills!
That's a good plan!
Great tips
Thank you for tuning in.
If I had an extra $5k right now, I would get a new driveway poured.
Use the tips on the video to create a plan and work towards it.
If I had an extra $5000 I would pay off my credit cards,$800, and start a $1000 emergency fund!
My goals for 3 months is more than 5000 Dollars which I aim for 6000 in MYR (Malaysian Ringgit) or strive more than that💸
Debt & emergency fund
You are the best!!
I'm trying to build my emergency fund.
Have you worked out how much and how much you need to set aside each month as an amount or percentage to meet your goal by the desired date you have?
Its great tips to increase cash flow. But I think 1000$ not realistic for most yet alone 5000. It has be more broken down into smaller amount like 1000 in 3 months. And again it's hard when we have er additional expenses that can interfere with putting money away. But it can be achievable with 1k than 2k. Once organized
I would put it toward my emergency fund.
I would build up my emergency fund.
Pay down debt
Pay off debt and start my sinking funds including my emergency fund
You can do it.
If I had $5000 I would buy a car cash
I would clear my kids school fees debt
If I had 5k I’d put have to my savings and invest 2500 in low risk investments match S&P.
Such a great goal to work towards! You've got this!
Pay off my tuition or save it for my Master's
I would take a trip to Africa!!!!!
It's hard when you get paid monthly?
It just means you'll need to make a bigger savings deposit.
I would put $5000 towards debt
If I had $5000 I'd move out. 😊
Do it!
Not so easy!
Put it on a place to rent
Emergency Fund and pay down debt
I’d focus on investing
If I had 5000 I would just save it.
smash remaining debt
If i had 5k I would definitely purchase my first car with it I really need a car because it’s a inconvenience to have to ride a public bus in order to go to work but i also need a license 😂so I got things to do let me get on my zoom
I would get new tires on my car and pay off credit card debt and add the rest to my 401
This is a great goal to have. Especially where car repairs costs can add up.
I have 5k and I never had this much money and I don't know how to invest it
Thank you for sharing 🌷
pay towards debt
You can do it
When I save my extra $5000 this year, it will go towards emergencies! Fun fact, I saved $5000 last year in three months bi weekly. We can now have new exterior doors install on our home😊
Bi weekly do you have any tips
My goal is to put 30k a yr in the stock market I have 20k going out by automation
I love this!
where are you from? i hear a bit of a caribbean accent
Purchase a much needed car
I would pay off my credit card
I haven't gotten any notices from you in awhile
Tithe and pay my down payment assistance program back.
I'm funding my retirement account
You've got this!
If l had an extra $5000 l was going to inject all of it in my business and throw my head away. Then after 3 months I'd branch onto another City or Country
If I had extra $5000k I would put 300k jnto masters program, then put 1500k jnto my investment portfolio, and 500 into my savings
If I had an extra 5K, I would put 2600 in my emergency fund, then I would use 1000 towards a trip abroad; the remainder would be split amounts my sinking fund categories! Boy would that be nice…
Well I hope you live in Europe and “abroad” is just another European country bc if you’re leaving from the US $1k is just going to cover the flight and not much else.
@@cornellcornell1 I’m well aware… but I wouldn’t use extra money to blow on vacation, it would simply supplement what I’m already planning to spend.
Emergency..a cushion..I have NOTHING
Start saving where you can. It will build up
If I had FiveThousand Dollars write now I would pay the fee towards my Green card for doors to open in plasent plasent places for me
My goal has been to save 500.00 a month for the entire year, I did save for this month and I will be honest I spent it on a what I felt was an emergency. I am able to put it back when I get paid but I think I am gonna up it to one month 500.00 one month a 1000.00. I know that I can do this and I believe in my and my husbands goal to be credit card free this year. Thanks for sharing and I am cheering everyone else on too, no matter the amount you can do it!!!
An extra 5000? I would pay off my credit card and buy tickets for my family to go travel abroad for two weeks. That is my goal