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Jan 7, 2016

ONE Small Thing = BIG Changes in Finances.

Happy New Year 2016

We made it! We made it! We made it! If you’re reading this post, you and and millions of other people have so much to be thankful for. Starting with you are alive and well enough to be on a technology device. Next you actually want to read what I have to say about the New Year and how you can make it better in key areas such as : Health, Home, Relationships, Finances, Business, Career, Personal, Spiritual, etc. Finally, that you have desire to take action in any or all of these areas.

As you and I have undoubtedly read, heard and seen the various reports on New Year’s resolutions; they can indeed become so overwhelming that they end up being like “white noise” in our head and actions. Do this, don’t do that. Eat this, don’t eat that. Drink this, don’t drink that. Yada, yada, yada – white noise and we remain pretty much in the same size, financial, health, spiritual, etc. messes we were in the year before.

 

ONE Small Thing = BIG Changes

But ONE thing that has stuck with me – really before the new year and confirmed with several occurrences in the past week, was the idea of doing ONE small thing in a committed and consistent basis in order to yield BIG changes.  Makes sense, right?  Rather than getting overwhelmed with ALL the things you want to do to improve your life – ALL at one time, let’s focus on just ONE SMALL THING at a time in order to yield BIG CHANGES over time.

To help us along, I created this ONE Small Thing Worksheet.  Feel free to make copies and complete for your desired focus area.  Keep them in your “Atta Girl/Boy file so you can reflect on your successes as the year goes on. The first area I’m focusing on is “One Small Thing = Big Changes in Finances!”

I first came across this type of Savings Challenge a few years ago on the internet.  I was intrigued by the systematic and simple approach to saving nearly $1400 over the course of a year.  This was done by saving small amounts based on the weeks in the year.  For example you would save one dollar the first week, two dollars the second week ending with $52 the last week of the year.  I’ve done this successfully for the past three years.  Here’s my video from a previous challenge.  Rhonda’s 52 Week Savings Plan 2014.

52 Week Savings Plan 2016

There are many variations of the 52 Week Savings Plan across the internet.  Some stick to the “original” method and others change it up a bit – even aiming to save $5,000 in a year.  In my 2016 version, the major differences are that you save the larger amounts in reverse to get them out of the way.  Perhaps you got a bit of extra cash for Christmas.  Maybe you noticed the savings at the gas station and can put those to work for you in the Savings Plan.  How about returning some of those things you bought during the holidays that you never used or perhaps didn’t “need” in the first place.  Put that money towards the challenge too!  With the larger amounts going up front, you’ll see your savings add up more quickly and are encouraged to keep going.

In the later half of the challenge, you build on your positive habits and save a consistent amount of $25 per week.  At the end of 52 weeks, you’ll have a tidy sum of $1,678; a $300 increase over the original challenge.  What a difference that will make in Holiday expenses!  Or an even better idea is to use it to fund/increase a stock account, IRA or 401K Plan, where you can see your money compound and grow over time.  Here’s my new 52 WEEK SAVINGS PLAN 2016.  Let’s check in with each other during the year for accountability, encouragement and tips to stay on track.

Next week, we’ll take a look at ONE small thing we can do to improve our health.  See you at the table then!

Rhonda

 

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wife, mother, sister, friend. Business owner, writer, photographer. Yes, it's a lot but life is full of opportunites and we should take full advantage of them.
Scripture Memory Verse:
SMV: Commit your actions to the LORD, and your plans will succeed. Prov 16:3