I’m quickly writing this post up late tonight so I can share it all with you…… Today on Instastories I shared a new technique that I’m using to help me save £671 in a year which is really simple. I showed a spreadsheet that I’m using to help me track it and loads (and I mean loads) of you asked me to share the spreadsheet, so here we are….
The concept is really easy to follow. It works by putting £0.01p away on the 1st January (Ok, I know I’m a day late telling you this) and adding an extra £0.01p every day, so that your saving matches the day of the year.
Day 1: Save £0.01p
Day 2: Save £0.02p
Day 3: Save £0.03p
And so on…… so on day 100, you save £1.00 and finally on day 366 (it’s a leap year this year) you save £3.66. This means in total you save £671.61!!
The spreadsheet I’ve made also breaks it down monthly so you can see how much a month you need to save. If you want to, you could break it down weekly, or do it in reverse, so your most biggest month to save would be January – making December your lowest amount to save, as that’s usually an expensive month for a lot of people.
So if you want to give it a go just click on the link below to my excel spreadsheet:
HOW TO SAVE £671 IN 1 YEAR
By the way, I just want to caveat that I did not invent this saving system – I read it somewhere a few days ago and thought it looked like a good idea. There are also banking/ saving apps out there that do this automatically for you too, which take the money from your bank account and save it for you so you never have to think about it.
Anyway, I hope this helps you – I know that £671 at the end of 2020 will definitely help me, and I think by saving a bit away each day it will become a habit and I shouldn’t notice it too much.
Please feel free to share this with your friends/ family too!