#Savings January 10

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I subscribe to quite a few blogs. One of them is 1000 Life Hacks. I wrote about this site back in November 2018. Here is the link to that post.

Earlier this month they posted a 365 Day Penny SAVING Challenge that will put over $600 in your pocket on January 1, 2021. Think about what you would do with that amount of money to begin the New Year.

This challenge starts out small and incrementally increases by one cent each day. Below is how it works.

Day 1 – Save $.01, Day 2 – Save $.02, Day 100 – $1.00, Day 365 – $3.65. By the end of the year you will have saved $667.95 and it will seem like nothing throughout the year.

Looking to save money then give the 365 Day Penny Challenge a go. Full disclosure you can catch up today by saving .54 cents and begin with .11 cents tomorrow.

One of the top books I read about finances and SAVING is the Richest Man in Babylon by George Clason. It has 7 Laws and the first one is that we pay ourselves first when we receive a paycheck. The link above will take you to a free PDF of the book. I have also posted a video summary of the book.

SAVING is a habit. You take on this habit you are going to have over $600 this time next year just by saving a few pennies a day for most of the year.