Savings Plan to help You save lots of money in 2022. Many people have set goals for themselves for the coming year. Some of those goals are centered on purchasing specific items such as furniture and appliances. While you may not have the funds to do so right now, I’ll show you how to save that money using a simple savings plan in this article. Here are all of the specifics.
Your Year Savings Plan
The one-year savings plan was created to help you save money without even realizing it. Here’s an example of how it looks.
All you need to get started with this plan is an empty jar and a printout of the above image. The plan requires you to deposit a certain amount of money into the jar each week, but that amount is increased by ten rands each week. So, while you put in ten Rand the first week, you will put in a hundred Rand the tenth week. This brings your total for the first ten weeks to five hundred and fifty Rand.
This tricks your brain into thinking you’re only saving a small amount of money when, in fact, your money is multiplying.
Tips that will help you save more money:
When it comes to saving money, your entire mindset must shift; you must consider the money you save as an expense, and make it a part of your monthly budget.
You must also consider the money you save as no longer yours, effectively forcing yourself to forget it exists. If you complete the plan successfully, you will have R13780 at the end of the year. That’s a lot of money you can put towards something important to you. However, if you do not believe that this is sufficient. You can then run multiple of these savings plans concurrently to double or even triple your money.
What do you think of this money-saving strategy? Will you try it? Tell me in the comments, and stay tuned for more lifestyle news as it happens.