Yearly Savings Schedule

With the New Year comes new goals. One for us as a family, along with using our Budget Binder to help us to stay on track and pay off debt, is to start saving money too.

To help with this, and so it would not seem like such a big task I came up with a weekly chart to help save a little at a time instead of trying to do larger amounts every once in awhile. I actually saw this idea float around FaceBook a year or so ago and am excited to try it now.

A savings plan would be great for the kids to get involved in too. At a young age it can teach them discipline and self confidence.

To make your own Yearly Savings Plan you will need the same items used for the Budget Binder, at the very least a binder and these free printables. You can also use dividers, page protectors, laminator {yes I'm a dork and love mine} with pouches, hole punch and pens.

The pages included in the Yearly Savings Plan are:
Binder Cover and Spin Slip {in 3 different widths}
3 Black and White pages
4 Colored pages

The first plan starts at $52 a week and every week decreases by $1. Total = $1378

Next, $25 each week {orange chart only}. Total = $1300

One for the kids that starts at $26 and decreases by $0.50 each week. Total = $689

Finally a blank sheet.

Pick a savings plan that works for you {in our case we are doing one for each of our girls as well}. Then decide on which day of the week you will put that money aside. There is a spot on the top to fill in a name on the charts, you know, incase you are doing more than one so you can keep them all straight. Follow the chart to create a savings for the end of the year. Right now we will be using ours to help pay of those yearly expenses that come up once a year or every few months.

If there is a certain amount you are trying to reach after a year of saving, use the blank form. For example, let's say you want to save $1500 by the end of the year. 

Simply take $1500/52 weeks = $28.846..... per week.

Fill in the cart and set aside $29 each week and that will be $1508 for the year.

I sure hope this helps you in coming up with a savings plan that will work best for you!

What are some of your goals this year? We seem to be focusing on financial and physical ones this year, yes I even got my husband to commit to it. Here is to a great 2016, I hope you achieve all you set out to do.

Here are some of my other binder printables

Our Budget Binder

Check out our Moving Binder

Here is my Checklist for Weathering the Storms 

Our Budget Binder

Since being married we have ALWAYS been college students. We both did our undergrad at Utah State University then Paul was accepted to UConn as a lighting design Grad student. He was able to get his tuition paid but fees and living expenses were up to us. As a new mom and in a new area with no contacts and babysitters we decided to have me stay at home.

After doing all that we could we still needed to take out some student loans. We have heard from others about what they owe, and oh my goodness! People it's OK to take out loans, when we use them as a tool to help us move forward, just remember to be smart. You WILL have to pay those back and they will be with you like a nasty cough until they are paid off.

Now that Paul has been working full time this last year and a half, it has been an eye opener. We can not just go take out $1-2K in loans anymore when we need it. This has really made me wish I had done better about our budget during school but grateful we were pretty frugal during that time too.

As we are trying to pay off debt and not go into more debt I have come to appreciate having a budget for the family and how much it can really help us. When we first moved to KY we met some friends {OK, basically I looked them up from our church and said we were moving to the area and when we were planning on being there} and they shared a website they use to track their budget. We really liked the idea behind it but it was a bit too much for us. And for some reason it kept counting the money from one of our accounts twice so the numbers were always off.

There are also some things I do better with when I can write it down and see it right in front of me. So I came up with a budget binder!!!

I remember growing up seeing my mom sitting at the kitchen table with their processed checks, bank statements, CC bills, etc and balancing their accounts. I really love math and numbers, in college I took extra math classes for fun, and so it was great to see everything balance out by the time my mom had gotten done. It made my little OCD heart happy! 

Now, I am no professional by any means, but I have put together these printable sheets to create our Budget Binder. They have been great!!!! Over the last two months we have been using this to keep track of our budget and I have made a couple of tweaks to the pages. If you have any suggestions please feel free to leave a comment, I would love to hear from you.

To make your own budget binder you will need at the very least a binder and these free printables. You can also use dividers, page protectors, laminator {yes I'm a dork and love mine} with pouches, hole punch and pens {you could even do colored ones to go one step further and color code your spending to help you see where your money is going}.

Here are the pages I have available with this free printable:

Binder cover and spine slip

Year at a Glance

Perpetual Yearly Spending

Perpetual Monthly Spending

Monthly Spending

Debt Tracker

Savings Tracker

We filled in the perpetual monthly and yearly expenses then laminated the sheets. This way as I continually handle them and look at them through the year, they won't get ruined. This is also great to keep in the back cover of the binder so I can take a quick glance at it when I need to see which bills are coming up.

Now, once a weekend Paul and I sit down and look over the accounts, making sure everything adds up correctly. Using a budget has helped us a lot, mostly in being able to keep from adding to our debt while also being able to start paying it off. Yippy! One step closer to financial freedom.

There it is. A few simple sheets, a little bit of discipline and we are getting our budget in order.

Start a Yearly Savings Plan with this printable

Check out our Moving Binder

Here is my Checklist for Weathering the Storms

I was FEATURED!!!