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Frugalistas Frugalistas

Easy Savings Plan: Save over $1300 This Year ~ Painlessly!

Posted by on Jan. 4, 2013 at 10:33 AM
  • 29 Replies
2 moms liked this

 A friend posted this on Facebook, and I thought I would share!  This looks so easy!

by on Jan. 4, 2013 at 10:33 AM
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Replies (1-10):
michiganmom116
by Rhonda on Jan. 4, 2013 at 10:53 AM
I LIKE this idea!
RoseWall
by Member on Jan. 4, 2013 at 11:07 AM
1 mom liked this
Hard to see this on my phone. What exactly is it?
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JakeandEmmasMom
by Silver Member on Jan. 4, 2013 at 11:40 AM

 

Quoting RoseWall:

Hard to see this on my phone. What exactly is it?

 In a nutshell:  The first week of the year you put $1 in your savings account.  Balance = $1.  The second week of the year you put $2 in your savings.  Balance = $3.  The third week, you put $3 in your savings.  Balance = $6.  So on and so forth until the last week of the year when you put $52 in savings, balance will = $1378.00, not including any interest earned!

matreshka
by Platinum Member on Jan. 4, 2013 at 11:46 AM

That is cool, but I don't think we couyld put the higher amounts of money in, but still, i would like to try this!

JakeandEmmasMom
by Silver Member on Jan. 4, 2013 at 11:49 AM
Even if you just saved the most you could in the higher weeks it would still really add up! I'm excited to do it!

Quoting matreshka:

That is cool, but I don't think we couyld put the higher amounts of money in, but still, i would like to try this!

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lillucky8
by Jen on Jan. 4, 2013 at 12:05 PM
Thats an easy way to save! I have my acct set to auto transfer on payday.
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ausomezombie2.0
by Member on Jan. 4, 2013 at 12:06 PM
Great info...I need to do this
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LovemyQ
by on Jan. 4, 2013 at 12:37 PM

it is a good idea, but when you get to weeks 20 and up, you are putting $100 a month or more. That is a bit much for me, but the general idea is good.

mybratsmom
by Silver Member on Jan. 4, 2013 at 12:41 PM
I saw this yesterday and started doing it. I'm not sure how I'm going to scrape all the money together later on in the year but - no excuses - I'm going to try really hard to do it!!
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JakeandEmmasMom
by Silver Member on Jan. 4, 2013 at 12:52 PM
1 mom liked this

 

Quoting mybratsmom:

I saw this yesterday and started doing it. I'm not sure how I'm going to scrape all the money together later on in the year but - no excuses - I'm going to try really hard to do it!!

 I was thinking earlier...when I get really diligent about stockpiling on groceries, I can easily shave $100 a month off of my grocery bill.  If I start now on the stockpile it should be pretty painless.

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