The ideal savings method for compulsive spenders

When it comes to saving, the important thing is constancy; However, if we try to save every day, rather than form a habit, being so demanding and not very flexible could get tired, especially if you already have problems handling money.

 

Spend money easily and who need a small goal

Spend money easily and who need a small goal

The 52-week method is ideal for those who usually spend money easily and who need a small goal. How does it work? First, you should be clear that with this strategy your savings range will be one week. That is, you will save all week and on Monday you will deposit the money in the bank. For this, you need to open a new account in a bank. This account should be used exclusively for this challenge and the ideal is that it be in a bank that pays you good interest, so your money will grow even more (if you want to compare the different banks, use web comparators such as Major Major).

Week one, your challenge is to save a thousand pesos. Week two, two thousand. And so consecutively until you reach week 52, when you must collect 52 thousand. It may seem a bit difficult once we look at the end, but don’t be discouraged without having started. Once the first ten weeks have passed, you will see that money begins to accumulate and that you will be excited to see what you can save.

 

The first few weeks you may not want to deposit what you save to the bank

The first few weeks you may not want to deposit what you save to the bank

After all it will be a small amount, but the recommendation is that from the fifth week, yes or yes, deposit the money. Do not forget that for the amount of deposits you will make, the ideal is to locate a bank that offers several channels to make deposits without extra costs (compare banks here).

By the end of the 52 weeks, you will have saved an average of 1,378,000 pesos, not counting the interest you will have been paid throughout the year. That money could easily be used for vacations, spare parts at home or to invest in a DPF, which next year will generate even more profits.

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