Growing up I witnessed the important in savings. My father was out of work for a few years when I was younger. If it was not for my parents savings, we would have not been able to live were we lived or get the education that was received.
I have always found myself to be a conservative spender. However, attending college, it has been a uphill battle to always be able to save. However, it is still very important to have something fall back on. So, I have come up with two different saving plans that can work for anyone!
The first plan that I devised is for a more structured individual. Ideally, starting a savings plan January 1st would, but there is never a wrong time to start saving! Your first week you will save one dollar, week one: one dollar. Each week you save the amount of money that corresponds with it. So, at week 10 you will put away ten dollars. Below is a chart that will help you keep on track. It shows the weeks and your total amount of savings that you will have at that week. So, after 52 weeks, you will have a total of $1,378.00.
If you are unable to give a certain amount each week, you can still save! My Jar Plan is the perfect plan for you. This is a monthly plan that deals with that pesty change every hates. The jingling and extra weight is just a nuisance, but it should not be thrown to the wayside; rather, it should be thrown in a jar. At the end of every day, empty those pockets out and place them in the jar. Then at the end of each week, empty your bag of loose coins. Also, you can clean out other places that might collect change, like your laundry room or car. At the beginning of each month, empty the jar by taking the change to the bank and turn it into cash! You can even make a game out of it by guessing! Every month you will have a range of amounts. Once the year of savings has come to an end, you will be astonished at the amount of money you received from change!
Both these plans have been able to help me save, what you do with your savings is completely up to you. I hope you invest it in something great!