With the new year upon us, I have made the decision to increase our savings. We are hoping to go to Disney World again next January and while we have some money set aside already, I don't want to deplete our bank account for the trip.
I saw this great thing on facebook today - it tells you that if you save the amount of money per # week of the year (from 1 -52) at the end of the year you will have saved $1378.
Check it out for yourself! For me, I looked at what I was going to transfer into my savings account today anyways, and it brought me up to week 15. This way, I figure it gives me a little wiggle room if things are tighter one week - but I still plan on making my weekly contributions for weeks 1-14.
So, if I don't need to skip a week, my total contributions by the end of 2013 should be $1618.00 - this will be in addition to what we already contribute.
What about you - do you have any monetary goals for the year?
I just received a great tip on this too - if you start with the highest amounts first (so reverse the weeks) you will earn more interest, and be "saving less" closer to Christmas!
Do you have a savings goal for the year?