Savings are vital for peace of mind and growing your prosperity!
Having savings lets you make choices, but in these tough times that many people are experiencing, having anything left at the end of the week can be close to impossible.
Regular savings, even of the tiniest amount can bring a great sense of satisfaction, shows the universe that you are serious about taking control of your financial future and can provide a buffer for absolute emergencies.
No doubt you have seen this chart over the last few days, it has appeared on my Facebook feed quite a few times.
I am really in love with this idea, as it lets you start with small steps and slowly increase the amount each week, AND at the end of the year you will have well over $1000.00 in the bank. The trick is to just start and to NOT touch it. It will be very tempting when you see that gorgeous new pair of shoes that you just HAVE to possess and if you take the money out of this account you won’t even have to explain them too your partner.
I am definately going to take this challenge, and as it is the start of a new year, why not take it too, and enjoy having this cash nicely stashed away by New Years Eve.
I have savings accounts attached to my everyday accounts, so with the help of internet banking I am making Sunday – Savings Day. Every Sunday I will internet bank the required amount into my savings account, and I am choosing the one that charges a $2.50 fee if I make a withdrawal. A very good incentive for me to not touch it, as I find bank fee’s one of the biggest robbers and rip-off’s of my hard earned cash!
As we are in the second week of the New Year, today I am depositing $3.00 into that account so that I am up to speed.
Some of you will be saying – there is NO WAY I can find that cash to spare to put into a savings account.
A change of mindset to “I WILL” find a way, will help you discover the dollars you need to start successfully saving.
Here are a few ways that you can find the extra dollars to put away for savings:-
* Start by looking at your spending, is there a single item you buy every week that you really could do without?
* What can you sell on Ebay, Gumtree or in the Weekend Shopper that you really don’t need?
* A little part time job like delivering junk mail, walking dogs, selling craft you make, or baby sitting – can help increase the budget by a few dollars.
* Can you buy Homebrand products instead of big name items, the savings can be enormous.
* Can you walk instead of driving or taking public transport.
* Eat at home, not at restaurants or having take-away.
Use your imagination and desire to save to help you find ways to get the cash in the bank!
The other thing that is not taken into account with the above table is INTEREST!
My account pays interest when I make deposits, but not withdrawals, so I will have even more in my account by the end of the year. YAY!
Say YES to savings and start your account now!
ARE YOU GOING TO TAKE THE CHALLENGE?????????