A 52-Week Savings Plan
Money doesn’t grow on trees. And sometimes it seems like it is nearly impossible to save money. However, there are easy tricks to help us out.
Lisa Bedford*, the Survival Mom, wrote up an ingenious 52-Week Savings Plan that anyone can do. It’s found at her Survival Mom site. Follow her easy advice and at the end of a year you will have $1,378 squirreled away!
The 52-Week Plan
First, Lisa says to number up the weeks on a calendar. And that’s about as hard as this plan gets.
Follow the chart, below, for compound savings. Start by adding one single dollar the first week. Then, for every following week, just add an additional dollar – $1, $2, $3 … $10 … $40, and so on. The money starts to add up. In 52 weeks you will have $1,378 saved.
Lisa recommends involving the whole family. If two people follow the plan, in one year they will have $2,756. Amazing. And simple. So easy anyone can do it.
If things are a little tight, just revert back to a previous weeks amount. If you have a windfall, add extra. There are few rules and no wrong answers here.
As part of the Federal Reserve’s plan to impoverish the people, banks have effectively stopping paying interest on accounts. They charge it for loans but do not pay it out. Therefore, it makes sense to keep a little money at home just in case.
Follow Lisa’s simple plan and in a year you can have more than $1,000 ready for whatever comes along. This plan seems addictive. One might be tempted to increase the weekly amounts which will increase the savings. Get started today!
*About Lisa Bedford: I’m the original Survival Mom, and have been helping moms worry less and enjoy their homes and families more for 5 years. Come join me on my journey to becoming more prepared to handle everyday emergencies and worst case scenarios.
Perrin Lovett writes about freedom, firearms, and cigars (and everything else) at www.perrinlovett.me. He is none too fond of government meddling.