When you have a plan when it comes to keeping all your bills tracked and organized, the next thing is how you plan to save money. If you have debt to pay off it may be hard to save money, but doing this in tandem to paying off your debt will make you feel better knowing your hard earned money isn’t just going towards debt.
I believe that even just saving a little bit each week makes a difference. A great way to be on track to saving is to always have a plan. The best way to do this is by using a savings plan chart. Savings plan charts are a great way to save money for a specific goal. The best way to do this is to break up the amount you want to save in small installments every week. That way, you can set aside that amount without making a huge dent in your budget.
How do you use these charts?
Most of them are done by week. It starts at Week 1 up until the last week of saving, when you have reached your savings plan goal.
You can create a savings account specifically for your savings goal. I use Capital One 360. It is super easy to create a savings account, and just like any bank, you can send transfers from you main bank account into the Capital One 360 account. It does take a few days, but it will prevent you from changing your mind once you initiate the transfer.
Start Saving With A Small Amount
I think starting with a small amount is better than nothing, which is great about using these savings plans. If you think of these small payments as a bill, you will make sure to “pay the bill” and the money will get saved. A good idea to make sure this is done is by setting a reminder on your phone every week to pay the savings account each week.
I have put together 4 savings plans that you can print out to keep track of your progress each week. The 4 savings plans included in this free download are reasonably do-able, and require you to save a reasonable amount each week.
- A savings plan to save $1,000 in one year where you start off by saving $1
- A Christmas Gifts Savings Plan where you can have a plan to start saving now and have over $1,000 by Black Friday
- A savings plan to save $5,000 in 52 weeks
- A savings plan to save $1,378 in 52 weeks
Get The Savings Plan Spreadsheet
This is a great way to keep track of your savings, and also very motivating to see your savings account grow!
What savings plan are you planning to start this month? I plan to start the Christmas gifts and $1378 savings plan this week!
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