Believe it or not, most people can start saving money with just one penny. The intuition is similar to Couch to 5K: Start with an insanely small amount and work your way up. Instead of nine weeks, this entire activity will take you a year to complete. If you follow the goals that I set for you, you will have saved over $1,700! The secret is simple: Literally start saving with just a penny. (more…)
Pictures like the one above try to get people to save money. This is great, but some people tend to think that it’s as simple as setting money aside. While it’s noble to help people save money, there are some smarter ways to go about it. I’m not saying that this 52 week money challenge isn’t a good way to get started. It’s just hard to remember something that is weekly like this. Here are some ideas that can be done monthly or even annually.