Saving up a set amount of money in a set amount of time isn’t really that complicated.
You just put away money every week or month, moving it straight over to your savings account the moment you get paid.
Simple. Except it’s not, because some of us have no willpower and just *can’t* prioritise the future when we could buy something exciting right now.
As with so many good habits, the trick is getting rid of all the thinking so you have no space to talk yourself out of doing it.
Enter a savings plan you found on the internet. It’s nothing revolutionary, but it tells you exactly how much to save each week so you have no excuse not to – you can’t dither or tell yourself you’ll save more next week or that you only really need to put away £20, because it says what you need to do. You just do it and voila.
This particular savings plan is adapted from an Australian plan by Tried and True Mom Jobs that’s been doing the rounds in a load of Facebook groups.
It encourages you to save a set amount of money each week – sometimes as little as £65, sometimes as much as £170 – that will mean you have £5,260 stashed away by the end of the year.
You could wait for the new year, sure, or you could get started now so you’ll have that lump sum with enough time to do your 2020 Christmas shopping.
Print it off or save the image to your phone, then stick to the plan for the next year. We’d recommend setting an alarm on your phone for every Sunday to remind you it’s time to make the deposit so there’s no chance you’ll forget.
Best of luck and do let us know how you get on.
Do you have some savings wisdom you’d like to share? Get in touch at MetroLifestyleTeam@Metro.co.uk.
MORE: How I Save: The 24-year-old blogger and consultant with £75,000 saved
MORE: The damaging repackaging of debt, from challenger banks to buy-now-pay-later
MORE: Debt Diaries: I lived in a van after getting into over £30k of debt
source https://metro.co.uk/2019/11/02/follow-easy-52-week-savings-plan-5000-banked-year-11031708/
0 Comments