To save $5,000 in a year, you can calculate the amount you need to save each week by dividing the total savings goal by the number of weeks in a year. There are 52 weeks in a year. Here’s the calculation:
Weekly \, Savings = $5,000 / 52 \, weeks
Weekly \, Savings ≈ $96.15
To save $5,000 in a year, you need to save approximately $96.15 per week. Keep in mind that this calculation assumes you save the same amount each week consistently. If you want to save more or less during specific weeks, you can adjust your savings plan accordingly.
