In Episode 104 of Ambitious Money Podcast, I’m sharing my tried-and-true tips for building a sinking fund and what a difference it can make in achieving your financial goals!
When we bought our home a couple of years ago, I knew our bathroom was going to need a major overhaul. I thought I could be patient and get by with the blue 70’s tile for a few years. I was WRONG! I couldn’t handle sharing one sink with my husband anymore so we pushed the renovation to the top of the priority list. The dated bathroom needed to go - but was I willing to go over debt over it? Not if I could help it!
We chat in this episode about the steps I took to structure an achievable savings goal after I got the quote from our contractor. We address how easy it is to set up an account exclusively with a goal in mind and the power of automation to get you to your goals as fast and painless as possible. Once you try these steps, you’ll never save the same again!
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My Favorite Millionaire Resources
IRS for 401K Contribution Limits
New to Investing? Beginner Investing Books I Recommend
Bogleheads Guide - Three Fund Portfolio
FIRE - Financial Independence Retire Early
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