Monthly Archives: January 2014

EASY SAVINGS PLAN

Many people struggle with saving money for one reason or another, and I happened across an easy to follow savings plan that I would like to share with you.  Especially since this is the first week of January 2014.

Savings Chart

As you can see from the chart above the plan is broken down into 52 weeks (since that is how many weeks are in a year); and all you have to do is save the exact dollar amount that coincides with the actual week.  This simple act will not only help you save $1,378.00 by the end of the year, but you will subconsciously learn how to continually grow your savings by being disciplined enough to repeat the act on a weekly basis.

PLAN CHANGES…

Some of you might be wondering if you can make changes to the savings plan, and the answer is yes, of course you can. The actual amount one chooses to save is an individual choice, and this is simply a guide; albeit a good one.  However, if you are serious about increasing your annual savings, you must be diligent in your efforts if you intend on reaching your goal.

In my opinion, if you must make changes, perhaps you might consider one of the following as options:

  • Reverse the order of the amount you are supposed to save.  If you find your funds are more readily available at the beginning of the year, you may choose to save the higher dollar amounts first, which would allow you to come up with less out of pocket at the end of the year as the holidays are approaching.
  • Go ahead and put up additional funds on a week you feel you are able to do so.  You can always apply the extra money saved to one or more of the coming weeks…and still stay on track.

Save for 52 Weeks

The important thing to remember here is that you should do this on a weekly basis, without fail.  I would even suggest marking off each week as you put the money away.  As a rule, people tend to feel a sense of accomplishment when we are able to visualize our efforts, and this will happen two fold by checking off the list, and watching your savings grow.

 

UP FOR THE CHALLENGE…

I feel certain those of you that are up for this challenge are going have an amazing sense of satisfaction at the end of the year, because you made a conscious effort to save, instead of fretting over how much money you are spending.  In fact, I would venture to say this will become an exercise many of you will continue to use for years to come.

Are you ready to get started?  If so take a moment right now and print a copy of the chart above.  (Please Note:  You might have to save the file to your computer first in order to be able to print it).  Next, get an envelope and mark it SAVINGS, and start stashing away your cash.  By the end of the year you’ll be glad you did.

Until next time, this is me Living 2 Be Free…come join me!

“Self-discipline is often disguised as short-term pain, which often leads to long-term gains. The mistake many of us make is the need and want for short-term gains (immediate gratification), which often leads to long-term pain.”
Charles F. Glassman, Brain Drain The Breakthrough That Will Change Your Life