Save More

Spend Less Earn More

To reach your Financial Independence number quickly, you’ll need to save aggressively. But where do you find that extra money?

Start by reducing your spending. You don’t have to be extreme if that’s not your thing. Just cut where—and how—it feels doable.

Set it aside

"If I see money, I can envision spending it." — Kevin

Putting savings into a separate account is a great way to avoid temptation. You could have a fixed amount automatically sent out of your paycheck, save what’s left over at the end of the month, or something in between—but get it out of the account you use for everyday spending.
  1. 1 Determine what to save. Set an amount you think you can safely set aside while covering your expenses.
  2. 2 Find a separate place for it. Open a new account if needed to hold that money.
  3. 3 Put it on autopilot. Create your system for moving money into that account—auto deductions from your paycheck or a monthly reminder to yourself.

Track and reflect

Mindful Spending

Kirra shares her philosophy on keeping her spending in line with her values—reflecting on what triggers her to spend money, and deciding whether purchases will get her closer to financial independence. She's 23, and already making progress toward Financial Independence.

"I associate FI/RE with being restrictive, but I’m still doing bougie things."

— Lucy

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