Every year, I say I'm going to save up some money by the end of the year. When the end of the year comes around, I'm no closer to saving money than I was at the beginning of the year! Seriously! I saw this great idea that can be quite feasible for almost any budget!
The chart below should be used as a guideline. The idea, put away $1 for week 1, $2 for week 2, and so on, for each of the 52 weeks of the year. You'll never have to put more than $52 a week into your savings account, which to me, makes it pretty feasible! I know I spend AT LEAST that much eating out each week. The first few weeks will be pretty easy for us. If you are paid bi-weekly (like we are in my family), then on week 2 of January, I will put $3 in our savings account. Then on week 4, I will put $7 in our savings account. Get the idea? Adapt the schedule and make it work for your family!
I would like to modify this to place money into my childrens' savings accounts as well. Since I have 4 children, I know that realistically I can't afford to put $52 in 5 separate savings accounts in one week at the end of the year (which will be right after Christmas when I'm typically broke!). I will set a goal for each of their accounts for the end of the year, and divide that amount by 26, and they will each get the same amount every pay day.
If I am only able to stick to one of my goals for the new year, I hope this is the one! Happy saving everyone!
|From the Stuckathome.com blog|