The school year has started. Though different schools have
different school opening--most have started in June; others, in July; still
others, this August yet.
Different challenges face the schools this year. (Not
surprising: every year is a challenge.) And teachers, being the frontlines of
every educational system, face the bulk of such challenge.
So, another challenge wouldn’t be any more daunting to
teachers. But I would like to call this an experiment. An experiment on the
self-discipline and economics.
Challenges of this nature usually trends during the new
years. But since we are teachers, let us begin this experiment on the new
school year.
There are three phases of the experiment. You choose which
one you think best suits your level of finances and discipline. But whichever one you choose, the end will be
profitable.
The first one goes like this: every payday, keep any amount
aside. Make sure that you set aside the same amount every time.
paydays
|
savings
|
cumulative amount
|
|
July
|
15
|
500
|
500
|
30
|
500
|
1000
|
|
August
|
15
|
500
|
1500
|
30
|
500
|
2000
|
|
September
|
15
|
500
|
2500
|
30
|
500
|
3000
|
|
October
|
15
|
500
|
3500
|
30
|
500
|
4000
|
|
November
|
15
|
500
|
4500
|
30
|
500
|
5000
|
|
December
|
15
|
500
|
5500
|
30
|
500
|
6000
|
|
January, 2016
|
15
|
500
|
6500
|
30
|
500
|
7000
|
|
February
|
15
|
500
|
7500
|
30
|
500
|
8000
|
|
March
|
15
|
500
|
8500
|
30
|
500
|
9000
|
|
April
|
15
|
500
|
9500
|
30
|
500
|
10000
|
The second goes: set aside a specific amount on the first
payday. Then every payday, increase the amount of cash you set aside by first
amount.
Something like this:
paydays
|
savings
|
cumulative amount
|
|
July
|
15
|
100
|
100
|
30
|
200
|
300
|
|
August
|
15
|
300
|
600
|
30
|
400
|
1000
|
|
September
|
15
|
500
|
1500
|
30
|
600
|
2100
|
|
October
|
15
|
700
|
2800
|
30
|
800
|
3600
|
|
November
|
15
|
900
|
4500
|
30
|
1000
|
5500
|
|
December
|
15
|
1100
|
6600
|
30
|
1200
|
7800
|
|
January, 2016
|
15
|
1300
|
9100
|
30
|
1400
|
10500
|
|
February
|
15
|
1500
|
12000
|
30
|
1600
|
13600
|
|
March
|
15
|
1700
|
15300
|
30
|
1800
|
17100
|
|
April
|
15
|
1900
|
19000
|
30
|
2000
|
21000
|
Or this phase can be done the other way around: we start
with the big amount first and then decrease the amount as time goes by. Something
like this:
|
paydays
|
|
savings
|
commulative amount
|
|
July
|
15
|
2000
|
2000
|
|
|
30
|
1900
|
3900
|
|
August
|
15
|
1800
|
5700
|
|
|
30
|
1700
|
7400
|
|
September
|
15
|
1600
|
9000
|
|
|
30
|
1500
|
10500
|
|
October
|
15
|
1400
|
11900
|
|
|
30
|
1300
|
13200
|
|
November
|
15
|
1200
|
14400
|
|
|
30
|
1100
|
15500
|
|
December
|
15
|
1000
|
16500
|
|
|
30
|
900
|
17400
|
|
January, 2016
|
15
|
800
|
18200
|
|
|
30
|
700
|
18900
|
|
February
|
15
|
600
|
19500
|
|
|
30
|
500
|
20000
|
|
March
|
15
|
400
|
20400
|
|
|
30
|
300
|
20700
|
|
April
|
15
|
200
|
20900
|
|
|
30
|
100
|
21000
|
The third one is a little more challenging: double the previous amount you set aside every payday. More like this:
paydays
|
savings
|
cumulative amount
|
|
July
|
15
|
50
|
50
|
30
|
100
|
150
|
|
August
|
15
|
200
|
350
|
30
|
400
|
750
|
|
September
|
15
|
800
|
1550
|
30
|
1600
|
3150
|
|
October
|
15
|
3200
|
6350
|
30
|
6400
|
12750
|
|
November
|
15
|
12800
|
25550
|
30
|
25600
|
51150
|
|
December
|
15
|
51200
|
102350
|
30
|
102400
|
204750
|
|
January,
|
15
|
204800
|
409550
|
2016
|
30
|
409600
|
819150
|
February
|
15
|
819200
|
1638350
|
30
|
1638400
|
3276750
|
|
March
|
15
|
3276800
|
6553550
|
30
|
6553600
|
13107150
|
|
April
|
15
|
13107200
|
26214350
|
30
|
26214400
|
52428750
|
So, you see, from the charts, the more challenging the
experiment is, the more the profit is, too. No pressure, though. You just
choose the phase of the experiment you want to try, and stick with it until
summer next year.
Good luck. And have fun saving.
