#BudgetMom – Debt Free and Investing

I will admit, it’s an odd time of year to suddenly jump on the ‘debt free/saving all my moola’ train… Christmas is a few weeks away, and brokeass-January follows hot on its tail, but hey, if not now, then when…right?

Let’s start with my weekly savings plan… For the next 52weeks (1 year), I will be putting away a certain amount each week. I read about this savings plan in a book once, and it stuck with me. The formula is pretty simple to follow – you start with R10, then add another R10 to the previous week’s total, and follow that formula for 52 weeks. So eventually, in your last week,you would be saving R520 when you started by saving R10. Below is a preview to outline it, in case my explanation doesn’t make sense:

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