Here’s how to save money in a very unique way and be all ready when Christmas gets here next year.
The plan is to save $1400 – well, almost. To be exact, it’s $1,378.00.
The idea is to contribute to your savings plan every week. Since there’s 52 weeks in a year, you’ll save $52 the first wee, and then decrease that dollar amount by exactly one dollar every week.
Some people do this in reverse order, saving $1 the first week, $2 the next and so on. We prefer this method because it gets the biggest part of the savings out of the way early. The other advantage is that if you have a week where you’re struggling and can’t quite save the full amount, you have the option to repay the amount much later, as the savings plan greatly decreases.
Check out the power of savings and how your money adds up by putting away a little money every week!