Part 5/7:
If the calculated amount feels unmanageable, explore ways to find extra money. Throughout the year, you might encounter opportunities such as tax refunds, birthday gifts, work bonuses, or even extra gigs. Recording any anticipated additional income can be entered into the spreadsheet to reduce your monthly savings requirement, making the goal more achievable.
Starting Your Contributions
The next phase is to begin contributing to your savings regularly. As you make monthly contributions, ensure you're keeping track of them in the spreadsheet. If you have a slow start and want to get a jump on your goal, consider contributing extra in the month prior (like December of the previous year) to lessen your monthly burden going forward.