The holidays always seem to catch me by surprise, and I find myself spending money uncontrollably. We enjoy time with family and friends, eat lots of delicious food, maybe even go on a family trip, and then… January comes along with the bill for all the fun moments we had over the past month and a half.
So this year I decided to do something different. I made a plan to plan ahead! I purposed to set aside $20 per week in a savings account. Online savings accounts are paying out a decent interest and in most banks and credit unions you can establish a bucket or a sub-savings account right in the original savings account. This allows you to separate your savings for different goals.
Choosing to only set aside $20 per week could result in over $1,040 when you add in the interest. Would you face the holidays with a different spirit if you actually had the funds to enjoy it? I know I would.
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If you would like help with preparing a monthly budget, please reach out to us here.
Thanks for all the info!!
Glad it was beneficial.