1. Participate in a 52 week money challenge. What could you do with an extra $1,378 next year? That’s the amount you will save when you participate in our 52 week money challenge. You start the challenge by saving $1 in Week One, $2 in Week 2, etc, until you reach the last week of the year, Week 52, when you will save $52. By then you will have collected a total of $1,378 in your account.
|Week||Amount Saved This Week||Total Amount Saved|
2. At the end of each week, put all your loose change in a savings jar. Pennies make dollars! For even more savings, try saving all your $1 bills or all your $5 bills every week.
3. Save automatically. Set up allotments or automatic transfers to your savings account.
4. Open a Thrift Savings account. Sign up for the Thrift Saving Plan at MyPay. To learn more about TSP, read Save for the Future! Become a Knowledgeable Investor, or watch the video below.
Remember, even small savings add up!
Are you looking for more in-depth financial advice? Your local Personal Financial Management Specialist (PFM) can assist you with creating a spending and saving plan. Click here to locate a PFM near you.
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