How To Save More Money in 2021

If your New Year’s Resolutions or goals/intentions for 2021 are to save more money, I have a great suggestion for you that is how to save more money in 2021! Last week, one of my past podcast guests posted this graphic to her instagram story:

I had seen it before and enjoyed the idea, but for some reason, I had always found it in the middle of the year, and for whatever reason decided that I didn’t want to start something like that mid-year!

If you know me, you know that any sort of new beginning (week, month, year, moon, etc) is exciting to me, so that shouldn’t be a big surprise!

Anyway, since I saw it last week, finally, at the beginning of the year, I decided to go all-in.

The first thing I did was to join her in her accountability group on instagram, where she plans to check in on us quarterly with how we’re doing. The people in the group are so amazing!

The second thing I did was to share the image on my instagram page, facebook page, and in my personal development facebook group, to see if anyone else wanted in on the fun! Anyone who showed interest was welcome to choose to either join us on facebook (where I plan to check in weekly), or on instagram, where Daniela will be checking in quarterly!

The third thing I did was get caught up on my deposits!

Since it was week two (or week one, I guess, if you only count full weeks), I deposited $6 to my savings account, $6 to my Acorns account* (an app where they round up your purchases and invest the money, where I’ve saved thousands of dollars over the years, earned even more in interest, and haven’t noticed the “missing” money!), and $6 to my ChangEd* account (just like Acorns*, but to pay off my student loans)!

I have also recently signed up for an account with Robinhood* (which is where you trade stocks) and am thinking of maybe buying a little stock each week!

Now, I want to make sure you’re in on it if you want to be, too!

Next, I am going to share a couple variations of interpretations/ways to make this work for you, and finally I am going to add this to my blog so that people can always access it!

So… If you’d like to join us in the facebook group, click here!

If instagram is more your jam, hit reply (or DM me there) and I’ll add you to the crew!

Here’s something else interesting that came up when discussing this…

One person said she wanted to do this backward, because she has more income to spare in January than around the holidays.

Another said she was going to start with week 51, and first do all the odd weeks, then do all the evens.

As an entrepreneur, I hope to dramatically increase my income, so I am going to follow the order that is in the guidelines.

I think if you’re a freelancer or entrepreneur and your income isn’t always consistent, you could also make a game time/week-by-week decision on what you can contribute, and go out of order. If you have a big week finance-wise, skip to a later week # and get it out of the way! If you had an unexpected expense, or have clients who haven’t paid their invoices, go back to an amount from an earlier week!

Above all, I think it’s key to give yourself grace. If you’re new to saving money (or on a come-back due to the rough times we’re going through), remember that even saving a dollar a week that you didn’t before could make a huge difference and is an accomplishment that will eventually pay off!

Hope you’re having the best week!

Cheers,

Mandie