Saving $50 per week from the age of 20
Start saving $50 a week when you're twenty, and by the time you're the age in the left hand column, you'll have saved the amount in the right hand column. And look how the power of compound interest makes your savings grow!
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Age
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Capital
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Interest*
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Total*
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*rounded to the nearest $50
User Comments 
Sorted.org.nz repliesAccount Structures
The best number of accounts to manage your finances is 3. This is on the assumption you are not self-employed where you have the added complication of business expenses to manage also. You need to separate your monthly bills into one account, your discretionary spending into another, and the third account becomes your savings account where your surplus income builds up. But first you need to be very clear on how you spend your money and this is the trick. Most budgets people do are flawed and can be misleading.
Posted at 02:05 pm on August 12, 2008 In response to budget allocation
Have three jars. Your safety net, your growth net, and your dream net. Safety is the safe growth such as bonds etc. Growth is your higher risk, dream is what you pay out of your profits from the first two. Lets say your growth makes $100 profit, break that into three and fill the different buckets with an equal split. Don't fill the dream bucket though until you have made from the other two. Remember though, to pay yourself first!
Posted at 02:58 pm on October 03, 2008 
budget allocation
I have done 1000 budgets over the years but have never figured out how to allocate the funds every week/year. Do you have a recommended number of set accounts, jars, envelopes for all the different expenses. It is too tempting to lump everything into one account and expect it to pan out.
Thanks
Elaine