Whether you’re trying to build an emergency fund or saving for a vacation, a Savings Plan is a useful tool for keeping you on track. Most yearly savings plans have you save $1 on Week 1 and work your way up to $52 on Week 52. This is definitely an option, but I find that I am pinching pennies even more than usual around Christmas.
I designed a Savings Plan that has you do the reverse. You allocate $52 on Week 1 and work your way down to $1 on Week 52. You still save $1378 over the course of the year, but it takes the pressure off of saving so much in December. Click the link below to download your free 52 Week Savings Plan. Let me know what you are saving for!
If you prefer to manage your savings electronically, check out Digit. I’ve been using the app for a month and have already saved $65.54 in my Rainy Day fund and $36.51 in my Credit Card fund, to be used toward extra payments to pay off my credit card more quickly. The app uses an algorithm to determine how much can be transferred from your checking account to the savings funds each day without affecting your budget. You can even set a limit on how much is transferred each day. This is a great option for hands-off savings. Use this link to get $5 just for signing up.