Saving For A Rainy Day

Saving For A Rainy Day

Everybody needs money. That’s why they call it money. – “Mickey Bergman”, Heist

Every year as tax season starts peeking its head around the corner I look at my business financials and have the same thought, “Where on earth did I spend all of my hard earned money!?!”

This year, I am determined to know the answer to that before the year is done. With the help of my journals and my desire to constantly make lists, I have my financial goals for the year written down and I have a plan for saving some extra cash!

I have a couple different goals. One is to pay off my credit card, and one is to save up some emergency money (again). In my defense, I did have some emergency funds saved up already and then had to use it on an emergency.

I went on Pinterest and found a ton of ideas for a 52 week savings plan. There were so many! I looked at several of them and decided on one that starts out with a high amount at the beginning of the year and ends the year with just a few dollars a week. I like this idea because the holidays are a crazy time to try to save money, so the less I am trying to save the better. It ranges from $52 to $2 throughout the year, and I created a savings jar in my journal to help me track how much I have saved up.

The idea of an emergency fund comes from Dave Ramsey. I know firsthand how important having an emergency fund is, so that is my priority. However, I have to pay my credit card every month anyway, so I am planning to pay a bit extra in order to bring that down faster at the same time and coloring in a swirl everytime I pay extra to show how far I have come. I realize that I am working on 2 steps at the same time, but I am going to do it anyway.

Wish me luck!

Resources for saving some extra cash:

My weekly savings plan for anyone interested:

Week 1: $52
Week 2: $51
Week 3: $50
Week 4: $49
Week 5: $48
Week 6: $47
Week 7: $46
Week 8: $45
Week 9: $44
Week 10: $43
Week 11: $42
Week 12: $41
Week 13: $40
Week 14: $39
Week 15: $38
Week 16: $37
Week 17: $36
Week 18: $35
Week 19: $34
Week 20: $33
Week 21: $32
Week 22: $31
Week 23: $30
Week 24: $29
Week 25: $28
Week 26: $27
Week 27: $52
Week 28: $50
Week 29: $48
Week 30: $46
Week 31: $44
Week 32: $42
Week 33: $40
Week 34: $38
Week 35: $36
Week 36: $34
Week 37: $32
Week 38: $30
Week 39: $28
Week 40: $26
Week 41: $24
Week 42: $22
Week 43: $20
Week 44: $18
Week 45: $16
Week 46: $14
Week 47: $12
Week 48: $10
Week 49: $8
Week 50: $6
Week 51: $4
Week 52: $2

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