Ridiculously simple way to save money

If you have all the money you ever wanted, DON'T READ THIS. But, if you have trouble saving, try this simple little trick I came up with.



For every day of the week, put away that day's denomination in dollars.

For instance, if Monday is "Day #1" for you, put $1 dollar away. For Tuesday, put $2 away, For Wednesday $3, and so on. Do this for 7 days. At the end of the week you would have put away $28. Now, when Monday comes around again, put $1 away and continue the same pattern.

Saving like this will not make you a multi-millionaire overnight, but it will help you save some extra cash. Who knows, maybe it makes the difference in whether or not you take your family on vacation, or maybe it helps you invest in that business you've been dreaming of.

Here is what your savings will look like,
After 1 week: $28
After 1 month: $112 (4 week month)
After 1 year: $1456 (52 weeks)
After 5 years:$7280
After 10 years: $14,560

These calculations do not include interest. Of course, you would want to put your savings to work for you to at least meet the rising cost of living, but that is a much more in-depth discussion. First, let's get over the hurdle of consciously saving.

 One of the most common reasons people do not save is simply due to a lack of discipline. This method is very easy and helps develop that habitual action. With this system, you will never have to put away more than $7 in one day. Most people can afford $7 a day without it causing any significant financial pain. By all means, if you can double or triple those numbers, do it! But this is not as much about the amount of money you will save as it is about the ACT OF SAVING itself. Go ahead, try it and let me know what you think. This is ridiculously simple and easy.

For more on saving, read the "Wealth" chapter in my book "Defining Success in America"


To your success!
Dan Wos - Defining Success in America