How To Save For A New Dream Bike

If you're constantly thinking of your next epic bike but don't have the cash read on to learn how to make your dream bike a reality.

Imagine ripping down scenic trails or conquering challenging terrains with the perfect ride. It's not just a bike; it's a gateway to adventure, fitness, and endless fun. But how do you make this dream a reality without breaking the bank? The answer lies in the power of saving money. It may seem difficult in this economy to even get ahead let alone save just $20 per week, but with the right mindset I can show you how to do it easily. In fact I have done this very thing and purchased not one, but two sweet bikes. It's all in how you play the game and I can assure you, the game is EASY if you just get in and do it! By the way, these are the things they don't teach in school so I'm here to give you free knowledge that can change your life.

I'm not here to yank your chain and fool around today. With the convenience of online tools and a little dedication you can get any bike you want. Let's break it down with a practical approach that worked for me, worked for my son, and works for ANYONE willing to just try.

Before I get into all of the details of this method I just want to share a real world story of how my teenage son listened to my fatherly advice and saved his hard-earned money from a part-time job and was able to buy himself a Mercedes Benz (definitely not a bicycle LOL!). I used to drive him to work 3 or 4 days a week. During each drive we'd chit chat about how much money he was making and how saving it up would be great to do and it would help him get his own car so he could drive himself to work. Every pay period (bi-weekly or every two weeks) he would take $100 and put it into a savings account. That's just $50 a week. The leftover money he had supported his teenager lifestyle easily. He pays for his own iPhone and fast food as he sees fit. Within just one year he had saved up OVER $2,500 and had easily hit his savings goal. He started asking me if this was enough to get a car and I assured him it definietly was enough cash to buy a nice used car. Sure enough we checked out the local classified listings and found a sweet deal on a used Mercedes Benz owned by a mechanic! If you know anything about cars you know a mechanics car is going to be maintained well. We met the seller and made a deal, for less than the asking price, and my son was on his way. He learned a lot of things, how to save and get what you want, how to live without spending every penny you make, and how to use online tools to his advantage.

Here is the deal: By setting up automatic transfers of just $20 per week from your bank account directly into a dedicated savings account, you're taking the first step towards your new bike goal effortlessly. In a month, that's $80 saved without even thinking about it. In six months, you'll have $480, and in a year, a substantial $960 ready for your bike purchase without even noticing! You may be saying, "But the bike I want costs $4,000! How can I save that in a year?". It's easy! Take the cost of the bike, in this scenario it's $4,000 and divide that by how many paychecks you get in a year. Let's say you get paid bi-weekly, that's $4,000 divided by 26 (your yearly pay period count), which equals $153.84. That's it! Automatically set aside $153.84 and let it grow for you. Plus you'll earn interest on your savings and this can help you get that new bike even sooner. Wise people with money understand one principal that many people never learn. You have to pay yourself first to get anywhere in life. Bills need to be paid, food needs to be purchased, but you have to pay yourself first. Your time is valuable and the money you make represents the energy you put out for your time. Once that time is gone, it's gone forever, so pay yourself and then pay your other commitments. Once you get this into a daily and weekly habit your new bike dreams will come to you much sooner than you realize.

Using online tools not only simplifies the saving process but also allows you to track your progress and stay motivated. You can watch your savings goals get closer to fruition, monitor your contributions, and watch your money grow steadily. It's like having a personal finance assistant guiding you towards your dream bike. This is the exact method I used to get two of my dream bikes in a 2 year period. It's really that simple.

But it's not just about the money. Saving for your bike through direct deposits and online tools instills valuable financial habits. It's about automating your savings, prioritizing your goals, and staying disciplined. Plus, with the convenience of a savings account you can make it easier to resist impulse spending on things you don't need and stay focused on your new bike dream.

When the time comes to purchase your bike, you'll have the funds ready and can make the purchase you've worked towards. You'll have the financial flexibility to choose exactly what suits you best without compromising on quality or features. In the chart below it shows a savings rate of just $153.84 every 2 weeks PLUS a modest 0.47% interest rate. This shows that you'd hit your goal at week 50! Imagine if you saved just a little bit more? You'd hit your goal sooner!

To get started towards AUTOMATED SAVINGS for a new bike simply click here and sign up easily, Acorns - Grow Your Savings. You'll be on your way in minutes. This is an affiliate link and I get paid a few pennies and it doesn't cost you anything extra. Remember this, it's simply math, you can start saving just $20 a week with direct deposits and these online tools today, and before you know it, you'll be riding off into an adventure on your dream bike. It's not just about saving money; it's about leveraging your time and energy to make your dreams a reality and embrace what you want out of life.

PS. If you want to up your game and really get started towards wealth creation do what the rich people do; get into the stock market with an app like Stash and build up even more money than a traditional savings account. If you sign up I make a few pennies, again, with no cost to you, and it will put you on the path towards even more bikes! My son started a stock market account using Stash and picked out a few stocks he liked and put in just $10 a week. He now has over $500 in there and is learning how to grow his cash into more cash! There is a risk of losing money in the stock market so it's up to you to gauge your risk tolerance and understand the the ups and downs of the market. It's not hard to learn, you just have to do it! What are you waiting for? Get signed up for Stash today and make it happen. You'll thank me later.

I'm not a financial advisor, I'm simply giving you real world examples of what worked for me and what can work for you. Your results may vary.

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