Let’s not dawdle now, its the 3rd week of January and there’s still time. Let’s do the 52 week money challenge together. You can save a fixed amount $20 a week and save over a $1000, or save the dollar amount the week of the year you’re in. Since we’re only in week 3, that’s $1 for the first week and $2 the second week, by the end of this week you will have $6. If you keep going, you will have $1378 at the end of year.
Okay, let’s rewind a bit, do we really need a jar? Can we really do this? Here are some fun ways to save.
- Go backwards. If saving only a couple of dollars is too slow for you in the beginning, flip it around. Save $52 and $51 the first two weeks and work backwards. You’ll see the savings sooner and only have to save $1 for Christmas when you’re buying tons of gifts for family and friends.
- Automate it. Banks are smart so you can set up a recurring transfer to a savings account. Why think about it, when you barely have to lift a finger and get $1000 for it?
- Make it special. It could be a weekly withdrawal from the bank that just happens to have a cute dessert place next to it or some good ole Starbucks. Starbucks probably knows to build itself next to a bank for this reason. Every time you save, you can also reward yourself with something special and look forward to doing it again next week.
- It’s not how you save, it’s that you save. You can save a million different ways, but the most important thing is that you do. Maybe you may want to go on a trip, buy something cool or just save for a rainy day. At the end of the day, the money is there for you.
So who’s with me to becoming a little richer?!!? Until next time, Happy Saving!