My second New Year's Adventure for 2015 is one that I have been trying for a few years now and have been failing miserably at. I've always had a goal of putting more money in my savings account. At the end of the year, I want to add $500 to my savings.
As of now, I've only managed to put $300 in savings each year, but that gets taken out to cover my renter's insurance for the year. I have a little over one month's pay in savings, but I know that soon I will need a new car, so I need to start putting more money in savings.
There are many things that I spend money on each year that are unnecessary. I spend WAY too much money on fast food. I'm going to try to relive my Year of the Budget in order to add more money into my saving's account.
I found a saving plan on Pinterest and I look forward to trying this. The plan involves saving $1 per week, with the amount increasing by $1 each week. However, I like how this plan mentions starting at $52 a week and working your way down to $1 a week.
There are many places you can find this printable online, if you are like me and need a printable version to stay accountable, but here is an example:
The reasoning behind saving in reverse order is that is that most people lose motivation as the amounts get higher. This has been my problem. I tend to give up before April hits because I can't see how I can put that much money in savings. I think I'll stay on track better if I can see the amount that I'm having to put in the account decreasing each month. I'll feel that by the time I have enough free time to have a life, I won't be putting all of my spending money into my savings account.
Here's to getting thrifty, tightening the purse strings, and adding more money into my savings account in 2015!
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