a little bit adds up.

[Aunt Sponge]

It depends on how you look at it...I'm going over teh arrears my ex owes and I'm realizing that if I had saved this much money every week I would have a substantial amount in savings, right now.

Enough to purchase a vehicle outright - or a megga downpayment on a house and all sorts of other things.

So here are the numbers - and food for thought...

$72.00/week = $288 a month.
$288.00 a month = $3,456 a year.
$3,456 over 5 years = $17,280.
$3,456 over 10 years = $34,560.
$3,456 over 15 years = $51,840.

THAT is a lot of money saved...Even just HALF or a THIRD of that amount is quite a bit of money, saved, that just might be helpful in the future!

Just food for thought.

*edit*
Now - of course that's a lot of money to put back all the time and a lot of people can't do that routinely,we don't do that routinely, so we try to put back $25.00 a week...
That's $100/month - $1,200 a year. In 5 years that will be $6,000. In 10 = $12,000. In 15 = $18,000.
I say that if anyone even puts back $10.00 a week and successfully saves it (without dipping into savings frequently) then that's an awesome accomplishment.

[Berkley]

Oh wow!! Hmmmmmm I wonder if we can fit that in our budget. We are currently not putting much in savings at all.

[mraynee88]

Once I get my credit card payed off, I want to take 10% of everything I make and put it into savings.

[carolinagirll]

Thanks! Helpful

[BlueBird]

Thats what we do with the money I earn from my online job - a % goes straight to savings and a % goes straight to snowball debt!