I saw this very interesting way of saving in one of the wall post on facebook and gives me an idea to to try for myself. We know that there are 52 weeks in a calendar year. On a weekly basis, we can keep an amount equal to the # of weeks. Like for example, on week 1, you save $1, week 2 $2, week 3 $3 and so on and so forth until the last week, 52 weeks, you save $52. If you think the end of the year is more costly to stash about $50 a week, then you can reverse the process. Start saving $52 on week 1 and in December you will have enough cushion since you will only save $1 on the last week.
Another way is to make a chart with all the weeks and the amount you need to save. If you have the opportunity or enough money then you can go save the higher amount and then just scratch it off the chart until you finish at the end of the year.
Since this is the start of the 3rd week of the year it is not yet late to start. I will try this method of saving aside from keeping all of our loose coins in a jar. My kids are very prompt in reminding me whenever we have loose coins in the house to put it in their piggy banks. This is also a good way of teaching them about money at their tender age.
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i can't forget how the loose coins saved us on one occasion:) i do agree, weekly savings help a lot!
visiting you from 14/365 BPC
That's great, i did that and it really works. Savings help a lot in case of emergency.
wow, this idea is really nifty mamiBless...this is definitely a great way of teaching our kids to save.
murag parehas galing ta ug coin back...ehehhe...imo hapit na mapuno.
BPC hop!
I have to try this weekly saving plan. I may have big amount saved at the end of the year.
My co-worker share this saving tips too and I think it is pretty nice.
Our two kids keep all our change at home. They put it in their piggy banks and at the end of the year, we deposit them in their personal savings.
We have a little jar here too filled with coins. :) Totally agree with you.
that's really a great way to save money. I love that bottle bank you have there. I should get one like this for my kids.
good and smart choice! I should have done the same thing to save some especially my blogging money.
I have those on my art room but already save a bill one time. I started again but sometimes it will be in used for my kiddo...Anyway, its a big help when you have savings...
savings realy help a lot.. i'm into savings too
oh i saw that 52weeks saving plan in facebook. that is really cool pero pagka dugay murag lisod na. pero ako naa ko every month. i take $200 sa money na ginahatag ni hubby sa akoa every month for groceries na sya, tapos i try to budget what was left of the money. so naa ko savings 200. kada bulan. usahay makupitan nako. hehehe... pero naa na koy savings na 1,400. pwede na pang plane ticket. =)
BPC!
wow! so how much na ang na-save nato diha bless? lami na ba pang-pocket money sa pinas! :D i haven't done this. what i did is save up the capital of my business (atchara) kay mao akong target pang-pockey money sa pinas. i hope makaabot sa target amount lagi. :D
Thanks for linking this to BPC! Doing my late hops here!
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