A Little Bit Often Adds Up to a Lot

Are you having a difficulty saving money? If you answered yes; I will show you a way that makes it easy.

Most people know they need to save money. Yet, many people simply don’t have the mental strength and self-discipline to stick with it once they start. After all, putting away $50 this week isn’t nearly as much fun as an evening out with friends.

I’m not going to argue with that. Saving money in the early stages seems like deprivation with no reward. Saving money isn’t much fun if you haven’t developed the habit of doing it, and you haven’t done it long enough to reap the financial rewards.

I want to make it easy for you to save money. It will not require a great sacrifice or a major change in your lifestyle. I want to show you that saving a little bit often will add up to a lot.

Easy Steps to Start Saving

  1. Empty your pocket or purse of its coins
  2. Count out $1.75 and put the rest back in your pocket or purse
  3. Put your $1.75 into a ‘savings jar’ (any container will work)

Developing the Habit

Follow Steps 1 – 3 above every day for a year. The purpose of doing this daily is to mentally create the framework needed for you to develop a habit of putting money aside for future needs instead of financing those needs for money through debt.

After you have followed these steps for a year, you will have accumulated $1,003.75. These steps clearly demonstrate that saving money frequently, even if it’s a small amount, will add up to a lot over time without having to make any major changes to your life.

When was the last time you saved $1,000 in a year? For far too many people, it will be the first time in their life. That is something to get excited about and to be proud of.

The amount you accumulated after one year is a good start to building your Emergency Fund equaling 3 – 6 months of your net (bring home) income from working. Put your money in a savings account at a bank or credit union so the money you saved will start earning more money. As your money grows beyond what you need for an Emergency Fund, you can start investing so your money will grow even more.

This is the ‘secret’ of successful savers. They learned the value of developing the habit of saving some money … and doing it frequently. Nearly all successful savers started small. But once they could see the benefit of financial security; they got excited and increased their deposits to match their financial goals.

There is no greater sense of financial stability and security than when your money is earning more money than you earn from working.


Creative Commons License
This work is licensed under a Creative Commons
Attribution 4.0 International License.

Published by W. M. Brown

I am a retired U.S. expat living in Ecuador. I was a business owner for 32 years before retiring in 2012.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: