January 3, 2016

Saving money in 2016

Are you like us, once you have a bit saved up, there is always something tempting you away from your hard earned saved cents?  We have tried for years to get on a a steady plan to save more each month, but there is always that new gadget pulling us in like a magnet field.  This year, the 2016 year, we have decided to shun the pull toward wants, and focus on needs.  As hard as it may seem, it really comes down to the fact of living with less.  Most of the (and I will say) "crap" people think they need, they just don't.  Try living without your phone for a week.  It's doable, if you really want to do it.

There's a lot of hype that the needs we think we "need" we just don't.  Try the minimal living approach to less and see how much you really don't need.  The best part, you will be happier.  Trust me.

Here are a few ways to get started on putting back the 'Almighty Dollar' and using it for things we really DO need.

• The first one here is a 52-week money saving challenge from Goods Home Design.  They suggest putting a small amount in at the start and increasing it as the weeks go.  They devise that at the end of the 52 weeks, if you stay on task, you will have put back $1,378 by the end of the year.


• Secondly, this is a 365 day penny challenge.  The concept here is to put pennies in for each day that passes.  For example:  Day one would be one penny and day 23 would be 23 pennies, and so on.  At the end of the year, since there are 365 days in a year, you should have $667.95 when it's all said and done. 


• This savings plan is a plan in reverse of what you think you can do later in the year.  The next three come from 4 Hats and Frugal.  The first two are a savings plan on how to save $1,378 in a year.  The first one starts off with saving more in the start and ended the year with putting less back.  Of course, you can adjust this plan to suit your needs and also adjust the amount each month to put more or less back on what suits your income each month.   


• A kids' savings plan.  This one is from 4 Hats and Fugal as well and offers a great way for kids to put a little back over the year too.  By counting backwards from $12 on the first month and ending on $1 by December.  At the end of the year kids should have $340 to add to their little piggy banks or their bank accounts.  


These are all great ideas for saving a big of money each year.  If you stick to the plan, you should be well on your way to saving a lot of great cash and having it for a rainy day.  If you are looking to purchase something larger, or pack some dollars away to help with bills, or retirement, start NOW!  Put more and more back as you can and you will soon be a money-saving expert!


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