This isn’t the kind of stuff I typically write for Liberal America, and in fact, I deleted and changed that headline a dozen times before I felt it was OK. I’m not the best person to give money, savings, and investment?advice, but I’m actually pretty good with advice?about surviving with nearly nothing.
I’ve written a lot of articles about survival finance in my career as a workforce development professional working with job-seekers. Like way too many Americans, I’ve had my share of struggles, many of which I’ve shared with all of you. I’m going to give this a try and I hope it helps someone else who would love to try to find a way to save.
This image and article has?been on the web for a while. I can’t trace the original source to credit, but I found it on Lifehacker and they found it here.
From Lifehacker:
Here’s a really simple savings plan that anyone should be able to do and end up with $1,378 more socked away by the end of the year. It starts with saving just $1 the first week.
The next week, save $2. The third week, save $3…and so on. While these are tiny amounts, as the chart below shows, they add up to a big difference. Whether you’re still working on your an emergency fund or want to earmark these savings for something special, it’ll be gratifying to see your savings grow each week.
For even more savings, do it in reverse. Start with week 52 and go backwards, so you can take advantage of greater compounding in your savings account.
Here is a printable PDF you can use to track your progress in the 52 Week Money Challenge.
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Tiffany Willis is a fifth-generation Texan and the founder and editor-in-chief of Liberal America. An unapologetic member of the Christian Left, she has spent most of her career actively working with ?the least of these? and disadvantaged and oppressed populations. She’s passionate about their struggles. To stay on top of topics she discusses,?like her?Facebook page,?follow her on Twitter, or?connect with her via LinkedIn. She also has?a?grossly neglected personal blog?and a?literary quotes blog that is a labor of love. Find her somewhere and join the discussion.
