Are you constantly looking for simple, easy ways to save a buck here and there? These two methods aren’t only easy-breezy, but they’re also fail-proof!
It’s now 2018, and it’s once again time to reinvigorate our minds, bodies, and spirits. The whole “New year, new me,” you know? While these little cheats I’m about to show you won’t necessarily help you lose weight, eat healthier or have a ton more patience, they will make you feel better, boost your self-esteem, and maybe even help you enjoy life a little more.
If you’re anything like me, you’re always looking for quick and easy ways to save a buck. And I don’t mean to save a buck at the grocery store (although that one, too), but I mean to actually put a dollar in your piggy bank. Whether it is your 401k, stocks account, kid’s 529, or even under the mattress, putting money away for a rainy day or self-indulgent treat is never a bad idea.
“But how will I do that? I already live paycheck to paycheck!” Yes, saving is tough, and that’s why most of us avoid it altogether. As a result, I’m going to share with you the two easiest ways of saving money that I know of. And the best part is that once you do it for a whole year, you’ll be excited to do it again, and again, and again!
1. Saving one dollar per week will earn you $1,378 bucks
Yes, you read that right. There are 52 weeks in one year, and if you manage to save only $1 dollar for every week of the year, you’ll end up with $1,378 by week 52. Think of how easy it would be to save one, two, three, or even twenty bucks? As Mr. Money Mustache explains in his “Eliminate Short-Termitis” blog post, skipping the $4 daily coffee or snack can save you $15,000 in ten years!
2. The $50 Annual Challenge
Has 2018 given you enough energy to conquer the world? Well, let’s start by conquering your spending-to-savings ratio first. Much like the one-dollar-a-week challenge, the $50 Annual Challenge works on a weekly basis, but it involves a much higher amount. Oh, and you’ll walk away with a whopping $2,600 bucks in 52 weeks. That’s almost twice as much as plan #1! WARNING: This challenge is only for highly-motivated savers, and starting-off strong only to run out of steam (or money) by Valentine’s Day will not only suck, but it could ruin your chances of continuing any sort of saving habit for 2018. In other words, only start this if you legitimately think you can keep it going for 52 weeks.
Print your $2600 savings planner!
So, which one will you pick? Will you be a dollar-diva/king, or will you join the high-rollers club by December 31st?
Let us know in the comments!