Saving Money on a Tight Budget!

How Many of You Are on a Tight budget {insert ME raising my hand}.

How Many of You Would Like to Save Money for a Rainy Day, Mini Vacation, New Glasses or What Ever Your Heart Desires.

 I’m re-posting since we can not leave comments after 30 days on the old post.

I’ve seen the “money jar” saving plan floating around all over the net for several months now, you may have see it as well. After mulling this over I’ve finally I decided (self “you can do this”).

The basic principle is putting a set amount of cash into a jar (any ole jar or container will work) every week for 52 weeks. At the end of 52 weeks (if you follow the guidelines) you should have $1,378.00 to spend on anything your heart desires. Sound good? I thought so too.

The standard lay out below starts with $1.00 on the first week. You will continue add to your jar with the amount increasing up to $52.00 on the final week.

I was thinking… the final payments during the last two months might be difficult or ignored because each payment will fall during the holidays. An we know everyone spends money during the holidays, along with the fact seriously who will fulfill these obligations during those weeks. I know in my heart if my grandchild mentions they desire a certain gift during this time frame. Grandma will be spending the money to bring a smile to their face and not adding large sums of cash into the savings jar. Maybe starting at the bottom of the list with week number 52 (pretend like your counting down until the final payment), paying in $52.00 the first week and then working my way up the list until I’m paying $1.00 on “my” final week.

Here’s another option. Print off the chart and then add the most amount of money you can on any said week. Then marking your print off with a star or pencil a line through the amount you paid each week. This would be great for those whom have a very tight budget. Maybe at the first of the month you have very little cash to add into you new savings jar. However at the end of the month you have a little more spendable/saveable cash on hand.

We can each find the perfect solution to fit our needs. Remember you should choose the right savings plan for you and your budget. An if you fall off the savings train, just jump right back on and try to make up any forgotten payments; if you can.

Some of you may even be able to start more than one jar, this would be great but don’t forget. If you should over extend yourself, don’t stop adding to your jar completely. Just jump back in and try to catch up any missed contributions if you can. If not that is fine too.

I started my saving jar last week at the first of the year. How many of you would like to join the savings train fun or maybe you’ve already started your own savings jar and would like to share your success or set backs with us so we can help support each other.

I would also like to toss this idea out there. I’ve been adding all the loose change I have at the end of each week into my jar along with my cash. I’m not keeping record of the coins at this point. I think this will bump up my saving a bit at the end of the year and I’ll never miss it. Especially the added weight from my billfold.

Week – Deposit Amount – Account Balance

1. $1.00 = $1.00
2. $2.00 = $3.00
3. $3.00 = $6.00
4. $4.00 = $10.00
5. $5.00 = $15.00
6. $6.00 = $21.00
7. $7.00 = $28.00
8. $8.00 = $36.00
9. $9.00 = $45.00
10. $10.00 = $55.00
11. $11.00 = $66.00
12. $12.00 = $78.00
13. $13.00 = $91.00
14. $14.00 = $105.00
15. $15.00 = $120.00
16. $16.00 = $136.00
17. $17.00 = $153.00
18. $18.00 = $171.00
19. $19.00 = $190.00
20. $20.00 = $210.00
21. $21.00 = $231.00
22. $22.00 = $253.00
23. $23.00 = $276.00
24. $24.00 = $300.00
25. $25.00 = $325.00
26. $26.00 = $351.00
27. $27.00 = $378.00
28. $28.00 = $406.00
29. $29.00 = $435.00
30. $30.00 = $465.00
31. $31.00 = $496.00
32. $32.00 = $528.00
33. $33.00 = $561.00
34. $34.00 = $595.00
35. $35.00 = $630.00
36. $36.00 = $666.00
37. $37.00 = $703.00
38. $38.00 = $741.00
39. $39.00 = $780.00
40. $40.00 = $820.00
41. $41.00 = $861.00
42. $42.00 = $903.00
43. $43.00 = $946.00
44. $44.00 = $990.00
45. $45.00 = $1,035.00
46. $46.00 = $1,081.00
47. $47.00 = $1,128.00
48. $48.00 = $1,176.00
49. $49.00 = $1,225.00
50. $50.00 = $1,275.00
51. $51.00 = $1,326.00
52. $52.00 = $1,378.00

You know I was just thinking, if you are a BIG Black Friday Shopper. Catching your jar up to co-inside with the week before Black Friday Sale begin would be pretty sweet!

In 2013 I was able to reach my goal by Thanksgiving, thus giving me a nice nest egg for holiday shopping. I plan on doubling up some weeks in 2014 and hopefully bumping up my finished total.

How many of you will make the commitment to join me on the money savings train? Let’s fill those jars!

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