So, if you’ve read tips on saving money on groceries or dining, hopefully you’ve committed to saving at least $20 a week. This is relatively easy on nearly any budget. Below is a chart of what $20/week can do for you. The first table is just the saving. The second is a simple savings account. The third table is a higher earning Roth IRA.
| Dollars Saved | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
| Month 1 | $ 80.00 | $ 1,120.00 | $ 2,160.00 | $ 3,200.00 | $ 4,240.00 |
| Month 2 | $ 80.00 | $ 1,200.00 | $ 2,240.00 | $ 3,280.00 | $ 4,320.00 |
| Month 3 | $ 100.00 | $ 1,300.00 | $ 2,340.00 | $ 3,380.00 | $ 4,420.00 |
| Month 4 | $ 80.00 | $ 1,380.00 | $ 2,420.00 | $ 3,460.00 | $ 4,500.00 |
| Month 5 | $ 80.00 | $ 1,460.00 | $ 2,500.00 | $ 3,540.00 | $ 4,580.00 |
| Month 6 | $ 100.00 | $ 1,560.00 | $ 2,600.00 | $ 3,640.00 | $ 4,680.00 |
| Month 7 | $ 80.00 | $ 1,640.00 | $ 2,680.00 | $ 3,720.00 | $ 4,760.00 |
| Month 8 | $ 80.00 | $ 1,720.00 | $ 2,760.00 | $ 3,800.00 | $ 4,840.00 |
| Month 9 | $ 100.00 | $ 1,820.00 | $ 2,860.00 | $ 3,900.00 | $ 4,940.00 |
| Month 10 | $ 80.00 | $ 1,900.00 | $ 2,940.00 | $ 3,980.00 | $ 5,020.00 |
| Month 11 | $ 80.00 | $ 1,980.00 | $ 3,020.00 | $ 4,060.00 | $ 5,100.00 |
| Month 12 | $ 100.00 | $ 2,080.00 | $ 3,120.00 | $ 4,160.00 | $ 5,200.00 |
| Total | $ 1,040.00 | $ 2,080.00 | $ 3,120.00 | $ 4,160.00 | $ 5,200.00 |
| $ Saved w/Interest – Compounded Monthly @ 1.75% | |||||
| Dollars Saved | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
| Month 1 | $ 80.00 | $ 1,129.66 | $ 2,197.57 | $ 3,284.06 | $ 4,389.44 |
| Month 2 | $ 160.12 | $ 1,211.28 | $ 2,280.73 | $ 3,368.78 | $ 4,475.75 |
| Month 3 | $ 260.35 | $ 1,313.02 | $ 2,384.01 | $ 3,473.62 | $ 4,582.19 |
| Month 4 | $ 340.72 | $ 1,394.91 | $ 2,467.44 | $ 3,558.62 | $ 4,668.78 |
| Month 5 | $ 421.21 | $ 1,476.92 | $ 2,550.99 | $ 3,643.74 | $ 4,755.49 |
| Month 6 | $ 521.82 | $ 1,579.04 | $ 2,654.65 | $ 3,748.98 | $ 4,862.33 |
| Month 7 | $ 602.57 | $ 1,661.31 | $ 2,738.47 | $ 3,834.37 | $ 4,949.32 |
| Month 8 | $ 683.43 | $ 1,743.70 | $ 2,822.41 | $ 3,919.88 | $ 5,036.44 |
| Month 9 | $ 784.41 | $ 1,846.21 | $ 2,926.47 | $ 4,025.52 | $ 5,143.68 |
| Month 10 | $ 865.54 | $ 1,928.86 | $ 3,010.68 | $ 4,111.31 | $ 5,231.08 |
| Month 11 | $ 946.79 | $ 2,011.64 | $ 3,095.01 | $ 4,197.22 | $ 5,318.60 |
| Month 12 | $ 1,048.15 | $ 2,114.53 | $ 3,199.46 | $ 4,303.25 | $ 5,426.25 |
| Total | $ 1,048.15 | $ 2,114.53 | $ 3,199.46 | $ 4,303.25 | $ 5,426.25 |
| $ Saved w/Interest – Contributed to a Roth IRA @ 5% | |||||
| Dollars Saved | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
| Month 1 | $ 80.00 | $ 1,147.87 | $ 2,269.60 | $ 3,447.92 | $ 4,685.69 |
| Month 2 | $ 160.33 | $ 1,232.58 | $ 2,358.93 | $ 3,542.09 | $ 4,784.94 |
| Month 3 | $ 260.99 | $ 1,337.65 | $ 2,468.62 | $ 3,656.65 | $ 4,904.61 |
| Month 4 | $ 342.06 | $ 1,423.15 | $ 2,558.77 | $ 3,751.68 | $ 5,004.76 |
| Month 5 | $ 423.47 | $ 1,509.00 | $ 2,649.28 | $ 3,847.10 | $ 5,105.33 |
| Month 6 | $ 525.21 | $ 1,615.20 | $ 2,760.17 | $ 3,962.91 | $ 5,226.31 |
| Month 7 | $ 607.36 | $ 1,701.83 | $ 2,851.52 | $ 4,059.19 | $ 5,327.79 |
| Month 8 | $ 689.86 | $ 1,788.83 | $ 2,943.23 | $ 4,155.87 | $ 5,429.68 |
| Month 9 | $ 792.70 | $ 1,896.18 | $ 3,055.33 | $ 4,272.95 | $ 5,552.00 |
| Month 10 | $ 875.95 | $ 1,983.97 | $ 3,147.89 | $ 4,370.51 | $ 5,654.81 |
| Month 11 | $ 959.55 | $ 2,072.13 | $ 3,240.82 | $ 4,468.47 | $ 5,758.05 |
| Month 12 | $ 1,063.50 | $ 2,180.64 | $ 3,354.14 | $ 4,586.84 | $ 5,881.72 |
| Total | $ 1,063.50 | $ 2,180.64 | $ 3,354.14 | $ 4,586.84 | $ 5,881.72 |
