Belmont Buzz

Save by the Week!

posted on
Save by the Week!

Are you looking for a simple way to tuck away some cash? Maybe you want to save up for a trip, or a larger purchase, or even plan ahead for Christmas! This year, try adopting a “save by the week” strategy.

How does save by the week work? It’s super simple. Each year there are 52 weeks. You simply tuck away the same dollar amount each week for the corresponding week. So, for instance, week 1 is one dollar, week 2 is two dollars, week 3 is three dollars, etc etc etc.

If you can stick with it, by the end of the year you will have saved $1378.00. Granted, once you get into the higher weeks, it can be a bit more challenging, but you could get creative with the saving: week 52 on a pay week, then week 1 on a non-pay week. Or make a deposit on your pay week, to include two weeks! You could just space everything out evenly as well… in which case your bi-weekly deposit would come to $53.00.

One of my New Year’s Resolutions is going to be giving this a shot; it’d be a great way to budget for Christmas 2018!

I’d love to hear from anyone who is going to give this a try, and how it works for you! Also, if you have any other suggestions I’d love to hear those too!

| Categories: Wealthy Ideas | Tags: budget, save, new year | Return
You need to login in order to comment



Search the Blog

Filter by Category

Dartmouth Office

Belmont House 33 Alderney Drive, 7th Floor Dartmouth, NS, B2Y 2N4

1 888 235 6169

Saint John Office

133 Prince William Street Suite 605, Saint John, NB E2L 2B5

1 800 565 7050

  • Back to top