Congratulations to all of you who are sticking to your New Years savings goals. By week 5 you should be very comfortable with having money automatically deducted from your checking account. You should not really notice it at this point. You’ve made it through the hardest part!
Now, you’re starting to enjoy seeing your savings account build up week after week. It’s exciting isn’t it?
For everyone who doesn’t know about the Million Dollar Savings Club let me explain how it works. We’ve set some savings goals at the beginning of the year. You can choose to be one of three savers:
Bronze Saver – You will save $25/week. At the end of the year you’ll have a $1,300 in your savings account.
Silver Saver – You will save $50/week. At the end of the year you’ll have $2,600 in savings.
Gold Saver – This is for people wanting to make some serious life changes. You’ll save $100/wk, giving you over $5,200 by the end of the year.
Now, I’ve elected to be a Silver Saver and as of today I’ve already got a $250 in my automatic savings account. It’s fun watching the account grow each and every week.
Wondering what an automatic savings account is and how it works? Read my article where I show my account and how I set it up.
Once you’ve got your automatic savings account set up, just pick which kind of saver you want to be and deduct the right amount of money from your checking account. It’s that simple.
Then you can read along every week with the rest of us as watch our savings grow.
Worried that you started too late?
Don’t
It’s much better to get started late than never. So start saving with the rest of us today.
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