Monday, January 14, 2013

How to Save $1400 in 52 Weeks!

We all know that a penny saved is a penny earned, right?  I'm also one that never passes a penny on the ground without picking it up and putting it my pocket

As a frugal shopper, I'm always looking for new ways to save, both for the present and the future.  You never know when your savings or rainy day fund will play a vital role.

 Every cent adds up...

Did you know that by putting a little money away each week that you could save nearly $1400 in just 52 weeks?  This is a simple and cost effective way to save for those unexpected emergencies, household or vehicle repairs or even your family vacation.


There is no better time to start saving... so don't wait! 

Do you have a rainy day and/or emergency fund?

13 comments:

Sam Buck said...

What a coincidence! My mom was just telling me about this over the phone. Every little bit adds up, what a great way to save for a rainy day!

Andrea Kruse said...

Sadly, we don't have a savings account yet but it is on the list for this year to get started. With kids, emergencies come up and a healthy savings would really help me feel more secure. Thanks for the handy chart!

Maria Long said...

this is so wonderful, I should encourage my kids to try this with their little jobs they have.

Sippy Cup Mom said...

We really need to try this!

Liz @ A Nut in a Nutshell said...

This is really a pretty genius method. It gradually trains you to save and starts out easy enough for everyone!

Tesa @ 2 Wired 2 Tired said...

I've seen this floating around and it's such a great idea. I'd love to do this for both of my kids.

Greta said...

I burned through most of my savings account last year due to unforseen circumstances. This is a great way to start building it back up!

Becca @ Our Crazy Boys said...

SUCH a good idea. I think I'm going to try it this year! We definitely need an emergency fund!

Alicia said...

That is amazing! Saving can seem so overwhelming, but your process makes it so simple. I need to try that!

Amy said...

This is a great idea. The last few weeks might be a little tough though since it adds up to about 200 for the month. You could easily spread out some of the $ over a few of the earlier weeks.

Kat Hoar said...

The military has been passing this one around since it shows you how easy it can be to save. Once you have the 1400.00 start back at $1.00 you should do this until you have 6 months of bills and food saved up. I almost never get to the full six months before something breaks and I need the money. However, at least I had the money when I needed it.

Ashley @MamaOfAllTrades said...

My husband has been sent this many times at work. We keep saying we're going to do this and never do. It's really a great way to save.

Frugal Expat said...

That's encouraging way to save.

This is actually on my priority goal this list - achieving our emergency fund which is equivalent to minimum of 9 months..