What is the 52 week rule?

Match each week's savings amount with the number of the week in your challenge . In other words, you'll save $1 the first week, $2 the second week, $3 the third week, and so on until you put away $52 in week 52.

What is the 365 penny challenge?

The premise of the Penny Challenge is simple: You start by saving one penny on day one, two pennies on day two, three pennies on day three, and so on. Each day, you increase the number of pennies you save by one until day 365, where you will save $3.65. By the end of the year, you'll have saved a total of $667.95!

What is the 50 30 20 rule?

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings . The savings category also includes money you will need to realize your future goals. Let's take a closer look at each category.

What is the 30 day rule to save money?

With the 30 day savings rule, you defer all non-essential purchases and impulse buys for 30 days . Instead of spending your money on something you might not need, you're going to take 30 days to think about it. At the end of this 30 day period, if you still want to make that purchase, feel free to go for it.

What is the 3 saving rule?

This model suggests allocating 50% of your income to essential expenses, 15% to retirement savings and 5% to an emergency fund . This plan allows you to meet your immediate needs and plan for the future before you spend on anything else.

How do you save aggressively?

Immediately save your additional income so you don't spend it all. Another way that is more instant and makes it easier for you to save aggressively is when you get additional income, for example holiday allowances (THR) and bonuses from the company. Before you spend it, immediately save most of the additional income.

How much money is the 52-week challenge?

You'll end the challenge with over $1,300 saved If you successfully complete the 52-week money challenge, you'll have $1,378 set aside. You may have that earmarked for a specific financial goal —or you may choose to put it in a high-yield savings account as the start of emergency savings, if you don't already have one.

How I saved $10,000 in a year?

To reach $10,000 in one year, you'll need to save $833.33 each month . To break it down even further, you'll need to save $192.31 each week or $27.40 every day. These smaller chunks are much more realistic and simple to comprehend, making it easier to track your progress.

Simply Tasheena: 40+ Money-Saving Secrets You Need to Know to Save Thousands a Year (2024)

MoneySaving

by Simply Tasheena - 2/15/2017 08:01:00 PM

Today I'm sharing 40+ ways that you can save up to $1000 this year. For years I've always made the excuses of why I could not save from being overworked and underpaid to just living paycheck to paycheck. When you have a family and/or are living on one income. Just not enough money a year you have to be very creative with various ways that you can save for your family. Start now, it may not be much that you're saving but in the long run, a little bit adds up.

Six plus months have passed since my post on Money Saving Tips. Now it's 2017 and I really just couldn't wait to share with you guys some of the new tricks and tools I'm currently using.

By no means do I consider myself a financial expert even though I have taught this subject for many years in the past. What I do enjoy is your sharing with people how they can cut their bills in half or to put your money in better use. The information that I'm sharing below is stuff that I actually. These are apps websites products that I use on a daily basis and I really couldn't wait to share with you guys what I'm using because I get asked all the time what techniques I'm using for my family. I only use the products that work for me and my family. It very important for me to share with you guys the stuff that's actually working and implementing.

I plan on updating the list again as I do find out about new apps websites that are currently working for my family but right now these are the items that I'm currently using. If you have any questions on any of the products that I mentioned please feel free to ask them in the comment section if you also have any apps or websites that she would like to share please feel free to do so in the comment section is well.

Amazon Prime

Monthly free books
Amazon Music
Prime TV
Credits when you don’t do two-day shipping
Memberships pay for themselves. Because you’re not spending more to get free shipping.

Buying Cycle

It’s very important to know the best times to buy certain electronics, appliances, and home furniture. (consumer report.com)

Travel

Costco Travel (overall has the best rates, make sure to use eBates prior to checkout) Typically Costco will have bonuses that will make the offer better than other sites.
Delete cookies prior to doing your search online each prior to visiting the sites.
Kiwi- This app is great for showing you the best time to book your flight for travel.

Stop buying to just buy

I know I love a good sale. However, if you stop buying stuff because it’s a good price you will really save yourself a ton of money in the long run.

Entertainment/Restaurants

Groupon and Living Social to get discounted rates on activities or restaurants. Try to avoid the email updates just to avoid spending more money. Only shop when you actually want to purchase something.

Books

Buy books from your local library. If you go online it is easier to buy books from different libraries if your library doesn’t have the book. Some libraries have budgets to purchase books that residents want to read.

Gas

Tires-Make sure your tires have the appropriate amount of air in them.
Speed limit- Once you go over 60 mph you burn more gas.
When to pump gas?-Early in the morning. Try to avoid pumping gas when the gas is being filled.
Use the app Gas Buddy to check rates

Save on Home Energy Costs

Unplug items you’re not using-Having electronics plugged in a wall still, uses energy. when not using the electronics unplug them.

Laptop vs Desktop

I know for some people you may have a preference when completing work. However, reach for your laptop instead of your desktop. A desktop computer uses more electricity.

DIY

Make your own Laundry detergent-I started making my own Laundry detergent for several years now and it has saved me a ton of money. (You also might want to check out this post here)

Dishes

Air dry dishes instead using the dryer on your dishwasher
Try to avoid using cheap dish washing liquid that will end up costing you more in the long run because you’re using more of the product. Dawn is one of my favorite affordable dish soaps.

Washer/Dryer

Knowing when to wash/dry your clothing and run your dish water. Most electric companies have different rates for different times of the day. For example, the best time for me to run my large appliances is Monday-Friday 7 pm -7 am. Do a quick Google search to see when the best time is with your energy provider.

Wash your clothing in cold water.
Air dry your clothing whenever possible.
Add tennis balls (or purchase the dryer balls) helps the clothing dry a lot faster.

App Love

Receipt Pal-With this app you’re able to scan receipts to your phone and earn points which in return you can earn money or gift cards.

Ebates(for instore and shopping online)
Shop at Home-Shop at home is similar to Ebates however, check the percentage off daily to see which will be the best choice for that day.
Top Cash Back- Top Cash Back is similar to Ebates and Shop at Home. However, they all typically vary with the amount that they are giving back.

Target Cartwheel

When shopping at Target always have your cartwheel app handy. You do not have to worry about clipping coupons.
You can also use the extension Honey to assist with shopping online to apply the best coupon code that’s available. You can always do a google search on your own.

TV Shows/Movies

Netflix
Amazon Movie

Simply Tasheena: 40+ Money-Saving Secrets You Need to Know to Save Thousands a Year (2024)

Amazon Prime

Buying Cycle