A $25 Trick That Can Help You Save More Than $1,000 in Just a Few Months
When it comes to saving money, there are plenty of simple plans where saving just a little bit at a time can help you save a fortune in the long run. In fact, with a starting amount of just $25, we’ve come across a plan that will help you earn thousands of dollars in barely a year!
We at Bright Side love to find new ways to save money and the only thing we love more, is sharing these tips with you!
For this trick, you just need to learn the value of saving money. Before you get too discouraged, you just need to save $25. Once you find a way to save $25, you start the first week of this one-year plan.
Now, divide the year into 52 weeks. Each week, save another $25. Maybe you can immediately deduct it from your paycheck and stash it away or maybe you can develop your own way to save $25 each week.
After 52 weeks have ended, you will have saved up over $1,000. If you want a little more, you might want to think about keeping your money in a bank to help you earn some interest.
The best part about this idea is that you’re collecting money at its base value, so you can apply this to any form of currency. Start with saving 25 euros, rubles, or pesos, and you will still earn over 1K of whatever currency you start from.
Obviously, you will need to slowly make adjustments over the year to help add to the pile. But that’s part of what helps: during this time, you will probably slowly learn new ways to save at your own pace and learn to figure out what you are willing to live without!
What are some other saving plans you’ve heard of? Please share with us in the comments!