Kevin Ngo and Kailyn Linh Truong started the 52-week savings plan when they had their baby boy, Kyle. Then on his first birthday, they opened an account at The Bank of Missouri and deposited more than $1400 they had saved!
I fully admit I’ve seen the 52-week Savings Plans on Pinterest and other sites. I’ve probably even pinned it a time or two. However, I didn’t every fully implement it. After meeting this family and snapping their sweet picture, I got inspired. I started the reverse 52-week savings plan myself. The summary is you put back more money at the beginning of the year, and then as the year winds down in December, you’re putting back less weekly. (Hey, I have a daughter, two nephews, one niece and a grandmother all to buy birthday gifts for in December on top of Christmas gifts for the rest of the family! A girl has to plan, right?!)
The bottom line is when I met the Ngos, it’s like things just clicked for me. They are real people with the real goal of savings in mind. With some planning, you, too, can take small steps to put back some extra money each month. At the end of the year, you’ll have a nice little chunk of money saved. Every little bit helps. That’s my thinking, at least. I’ll let you know how I’m doing with the Reverse 52-Week savings plan throughout the rest of this year.
Have you tried a savings plan like the Ngos did? Tell us it about and click here for other printable plans to help you get started saving money.