Saving money is so hard! I’ve always been the type of person that wants a big savings, but then something comes up and it goes to stupid car problems (I swear I’m cursed with the worst cars) or I simply don’t have the patience and the will power!
Why can’t I just have a money tree growing in my backyard? Actually no, just a bank account that never gets to zero no matter how much you spend. Why is money so annoying but so glorious at the same time? I only need like 500 million dollars and I’d be set. Is that too much to ask??
One of our family goals is to take our children on a big vacation every year. We are planning to go on the Disney Cruise next year with all my siblings and our children. Disney Cruises are not cheap, (anything Disney is NEVER cheap) so I knew that we needed to start saving for our vacation fund now!
I was searching through Pinterest trying to find a budget that was detailed and told me the exact amount of money we needed to save a week. The more detailed the better, because I can get lazy when it comes to sticking to a budget. And frankly I hate it with all my heart!
But, I found this budget and it is EXACTLY what I was looking for! Each week is different, which makes it seem like you are not putting away a ton of money. One week your saving $20, the next its $150. It’s very reasonable and a perfect way to save $5000 in a year.
We’ve been doing it for a few weeks now, and it’s been working great! It’s getting me so excited for our trip and that we will be able to have plenty of money by the time we need to pay for it! Seeing the money build up in our savings account is exciting and I’m actually not procrastinating! It’s a miracle!
This chart is great to save for anything! A vacation fund, down payment for a home, emergency fund, college fund, debt, or a shopping spree 😉
I thought these were some interesting facts from AmericaSavesWeek.org about saving money.
- The U.S. Treasury says that Americans hold about $15 billion in loose change.
- The typical amount Americans spent last year on unexpected expenditures was $2,000. Surprisingly, lower-income households cited the same amount.
- Two-thirds of unexpected expenditures are related to medical care or motor vehicles.
- If family incomes are the same, families with a plan save about twice as much as those who do not have one.
- The only free money for savings that is available to many Americans is an employer’s match to a contributory workplace retirement plan such as a 401(k).
- In 2006, 25% of individuals age 65 and older relied 100% on Social Security payments for their income.
- The easiest way to save money is to have a set amount automatically deposited into your bank account each pay period.
I’m interested to hear other types of way to save! What has worked best for you?
Let’s SAVE more & SPEND less…who’s up for the 52 week challenge?!