Part 4/9:
To achieve this savings goal, you might have to make temporary sacrifices. Cancel unused subscriptions, choose home-cooked meals over dining out, and cut non-essential purchases. If saving that amount in one month feels too challenging, extend it to two or three months but remain honest about your spending behavior.
Month Three: Focus on Debt Management
The third month is about tackling bad debt and establishing an emergency fund. A common mistake is trying to save while simultaneously paying off debt, which can lead to frustration. Prioritize paying off high-interest debt first, particularly anything above 8%. Once you've managed these payments, shift your focus towards building your emergency fund.