Queenie Tan: Financial expert shares her top tips to save $10k in one year
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The young finance guru reveals how to save an extra $10,000 in a year on top of your salary, and it’s a lot easier than you think
- Queenie Tan revealed that she needs to save $27.40 a day to save $10k
- He shared the four easiest ways to save.
A young financial expert has revealed exactly how much you need to save each day to earn $10,000 in a year and the four easiest ways to do it.
Queenie Tan, from Sydney, explained that you need to set aside $27.40 every day for extreme savings.
She recommends cooking and preparing all your own meals, canceling unused subscription services, shopping to lower bills, and bringing friends over instead of going out.
The 26-year-old has amassed a net worth of $500,000 thanks to her savvy savings and investments.
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Finance professional Queenie Tan, (pictured) 26, revealed exactly how much she needs to save every day to make $10,000 in a year — and the four easiest ways to do it.
She explained that she needs to set aside $27.40 every day to make the extreme savings. The expert recommends cooking and preparing all of her meals (left), canceling unused subscription services (right), shopping around to lower bills, and bringing friends over instead of going out.
“Did you know that to save $10k in a year, you would need to save $27.40 per day?” Queenie asked in her tutorial.
He broke down the calculations to explain that he needs to save $2,500 quarterly, $833.33 monthly, and $192.31 weekly.
Her first saving tip is to make all your meals at home.
The expert does this by preparing certain foods like overnight oats for the next week and by preparing dinners from scratch.
She predicts that she will save $15 per day with this tip.
He also recommended looking for cheaper utility plans, which can save up to $10 a day.
Queenie advised that every little help and canceling unused subscriptions can save an extra $1 each day.
His last piece of advice was to invite friends over to your house instead of going out looking for them.
She said that this would save $5 per day, making a total savings of $31.
He also recommended looking for cheaper utility plans (left), which can save up to $10 a day. His last piece of advice was to invite friends over instead of going out to meet them (right).
Queenie’s fans loved the tips.
“I started automating $27.40 every day in a savings account on January 1st, such an easy hack and I hardly know it’s missing!” said a woman.
The financial expert asked her fans what are their best tips for saving daily.
‘Eliminate one coffee a day. That’s a savings of $5 a day,” suggested one man.
Another person recommended cycling to work, canceling your gym membership and waiting for a better offer and renegotiating your credit card by threatening to go elsewhere.
They also recommended buying food with discount “use by” stickers at the grocery store, buying seasonally, buying only secondhand or at a minimum 30 percent discount, buying beer by the case, not in a small pack or individually. , and pay bills on time to avoid late fees.
Other people suggested participating in side activities like market research groups and online surveys.