I simply learn a statistic that over 70% of Individuals have lower than $1,000 stashed away for emergencies. That’s extremely stunning, BUT whenever you’re a single Mother like myself, barely making it, you are likely to don’t have any cash left over on the finish of your paycheck, however nonetheless a number of days till the subsequent pay interval. Saving cash, at that time, appears subsequent to unattainable. Nonetheless, with the 52-Week Financial savings Problem, it doesn’t need to be!
The directions to this are easy: there are 52 weeks in a single 12 months, so Week 1, you set $1 in a jar or a separate checking account. Week 2 you insert $2, and so forth. It does get just a little tough towards the tip of the 12 months, with the bigger quantities and the vacations. You can begin this at anytime, making the bigger quantities come throughout tax time or the summer season, when there are much less bills. Simply ensure you verify off every fee, or mark it out, and persist with it! When the 12 months is up, you’ll have $1,378 saved for emergencies! Go you!!! Doing this yearly can actually assist A LOT!
