Want to save $1378?

Want to save $1378? I saw a status post, and subsequent conversation, on Facebook recently regarding how to save $1378 effortlessly in a year. I’m currently following the system and decided that the technique was worth sharing within this blog. Talk about The Slight Edge in action!

 

52 ways to save, 52 weeks a year
As you know, there are 52 weeks in a year, and this system leverages that fact, making  it deceptively easy to stay on track for an entire year and reaping the $1378 in the final week of the year. Imagine ringing in the New Year with $1378 at your disposal. Deposit the money in a high interest bearing account as you work through the system and you’ll have even more money because of the wonderful effect of compound interest.

 

It all starts with $1
The system starts on week #1 of the year with $1. Deposit the $1 in a checking or savings account (I recommend a high interest bearing account) or place it in a jar, stuff under your mattress or wherever else you prefer to store cash. At the end of week #1, you will have $1 saved.

The next week is week #2, so you will add $2 to the solitary $1 that you saved in week 1. By the end of week #2 you will have exactly $3 (i.e. $1 + $2). For the purposes of this explanation we will avoid trying to complicate the math with sample interest calculations or account for you “borrowing” from the growing cash stash.

The next week is week #3, so you will now add $3 to the account/jar/etc. By the end of week #3 you will have exactly $6 (i.e. $1 + $2 + $3).

 

Slow and steady
By the end of week #3 you will likely be disillusioned and ready to give up on the system because it will feel like you are light years from the $1378 goal but fight this natural tendency because things are about to start getting interesting! Just like the tortoise and the hare, slow and steady will make you a winner.

 

Week #4
The next week is week #4, so you will add $4 to the cash stash so by the end of this week you will have $10 (i.e. $1 + $2 + $3 + $4). At this point you have completed an entire month on the system, the financial impact to you has been negligible and you have $10 saved. Only $1368 to go!

By now you understand how the system works, so let’s extrapolate the numbers for the full year:

Week #

$ deposit

Balance

1

$1

$1

2

$2

$3

3

$3

$6

4

$4

$10

5

$5

$15

6

$6

$21

7

$7

$28

8

$8

$36

9

$9

$45

10

$10

$55

11

$11

$66

12

$12

$78

13

$13

$91

14

$14

$105

15

$15

$120

16

$16

$136

17

$17

$153

18

$18

$171

19

$19

$190

20

$20

$210

21

$21

$231

22

$22

$253

23

$23

$276

24

$24

$300

25

$25

$325

26

$26

$351

27

$27

$378

28

$28

$406

29

$29

$435

30

$30

$465

31

$31

$496

32

$32

$528

33

$33

$561

34

$34

$595

35

$35

$630

36

$36

$666

37

$37

$703

38

$38

$741

39

$39

$780

40

$40

$820

41

$41

$861

42

$42

$903

43

$43

$946

44

$44

$990

45

$45

$1035

46

$46

$1081

47

$47

$1128

48

$48

$1176

49

$49

$1225

50

$50

$1275

51

$51

$1326

52

$52

$1378

 

52 weeks of saving
As you can see, by the of week # 52, you will have saved a grand total of $1378 simply and effortlessly. And because you start on week # 1 with $1, you build the discipline of saving while the monetary values involved are small and easily put aside without breaking anyone’s budget. And because each week’s dollar amount to be saved rises by only $1 each time, it doesn’t feel overwhelming a task.

Is this money saving scheme something of interest to you? Have you ever saved money in this manner before? Comment below and let me know.

 

ABOUT ME
I’m an Independent Brand Partner of Nerium™ International, I’m eliminating my wrinkles and fine lines effortlessly with NeriumAD, and you’ll always find great information about NeriumAD and Nerium™ International at my website: http://shywitness.arealbreakthrough.com

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About Shy Witness™

My blog posts range from observations about current events to technology tips and the antics of my dog Sandy and her brother Morgan View all posts by Shy Witness™

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