Money Saving Plan

Today I saw a money-saving plan that I really liked and thought may be usable. Because of this, I am going to share it with you.

It's actually very simple. It works on a 52-week basis. Every week you put back the same amount of money for the week that corresponds with it.

For example:
Week 1 - $1.00
Week 2 - $2.00
Week 3 - $3.00
Week 4 - $4.00
Week 5 - $5.00

And so on. On week 52 you put in $52.00.

The monthly break-out is as follows:
January (5 weeks) - $15.00
February (5 weeks) - $40.00
March (5 weeks) - $65.00
April (5 weeks)  - $90.00
May (4 weeks) - $90.00
June (4 weeks) - $106.00
July (4 weeks) - $122.00
August (4 weeks) - $138.00
September (4 weeks) - $154.00
October (4 weeks) - $170.00
November (4 weeks) - $186.00
December (4 weeks) - $202.00

By doing this, you can save a total of $1,378.00 per year! WOW! The hardest weekends are at the end of the year, so I may switch those to the middle of the year so I don't have to deal with that around Christmas and tax time, and put some of the easier weeks towards the end of the year. But what a great idea!!!

Here's another thought...if you use the same model with pennies, on a daily basis instead of a weekly basis, you could still save $668.72. The hardest day would be day #365....a total of $3.65. It's amazing how quickly small amounts add up!