The coronavirus pandemic significantly impacted the world in 2020. Millions of people experienced a job loss, paycheck cut or other financial hardships in addition to numerous difficult challenges. A key takeaway that we can all take into 2021 is the importance of saving money. When you have cash in a savings account, you’re prepared for the “oops” in life which helps keep you on the path to financial freedom. Follow This Chart to Save $2,021 in 2021:
Team Clark knows it can be hard to part with the money in your paycheck, so we developed a challenge to help motivate you to get started. If you follow it all year long, you’ll have more than $2,000 in your savings account in 52 weeks.
Here’s how it works:
Download the Save $2,021 in 2021 chart to your computer and print it out. Open a high-yield savings account (or use an account that you already have). Transfer each week’s set amount in the chart from your checking account into your savings account. Cross off the week in the chart after you transfer the money into your savings account.
To begin, you’ll transfer $21 the week of January 3, 2021, into your savings account. Then you’ll transfer $15 the week of January 10, 2021, into your account for a total of $36 after two weeks. After four weeks, you’ll have $100 saved. Worried about saving money when the holiday bills hit? Luckily, four deposits out of the first eight weeks are less than $25. And $65 is the highest amount you’ll ever have to contribute during this challenge. Keep it up through December 2021 and you’ll have $2,021 in your savings account at the end of the year!
P.S. Support from other people is a great way to achieve your money goals. Forward this email to a friend or family member and take on this challenge together!
