Here’s How Much You Could Have Saved in the 236 Days of 2017 so far

succulentPlants


Today is August 25, 2017. 

That means 236 days have passed so far this year.

How has your financial journey been this year? Have you saved a lot of money? Maybe more than usual? Or less than you had hoped?

Personally my net worth has increased by almost $40,000 so far this year. This is from a combination of (mostly) savings and investment returns. 

To put that in perspective, that means my net worth has increased roughly $5,000 per month. Or about $1,176 per week. Or $169 per day. 

Let’s see how much you (or anyone) could have saved so far this year by looking at some daily, weekly, and monthly savings scenarios. We’ll assume you invested your savings in an index fund like the S&P 500, which has returned 10.39% so far this year.

Daily Savings

2017dailySavings


Weekly Savings

2017weeklySavings


Monthly Savings

2017monthlySavings


I find that saving thousands of dollars (or tens of thousands) is a little less daunting when thinking about it in terms of daily, weekly, or even monthly savings.

If you have trouble saving money, start with tiny goals. Can you save $10 per day? Or maybe $100 per week? Or $1,000 per month? These savings turn into a money snowball as time goes on.

Short-term savings goals can help create long-term wealth. Let’s use the next four months of 2017 to diligently save our money and inch closer to financial flexibility and ultimately freedom 🙂


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6 Replies to “Here’s How Much You Could Have Saved in the 236 Days of 2017 so far”

  1. Awesome sauce! Our net worth has increased at least by $25,000 this year, mostly due to paying off my student loans. We’re also paying down hubby’s loans, as well as our mortgage and car. We’re not in the wealth-building phase of our own journey, but I can’t wait for that part, either. I’m excited to soon have a net worth of $0!

  2. Did a quick check and my wife and I are only $2,000 off!
    I’m sure we can make up the difference by year end!

    By the way, I prepare a lot of reports at work and wanted to know what do you use to do your visualizations? (Like how you did your “tiny blocks”)

    Do you use Excel or something else? (I’m thinking some python library since you’re a data science guy? Lol)

    1. I use Excel for 95% of my visualizations. It actually offers a ton of customization with the colors, layouts, font sizes, etc. I also use the Text Boxes for most of my titles and labels. I dabble around with R and Javascript for more advanced / interactive stuff which I hope to create more of in the future. Thanks for asking 🙂

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