# If You Save \$5 a Day, Week, or Month What Is It Worth?

So you want to save \$5 every day, week, or month. But what will it be worth in the long run if you save \$5 in various increments?

The more frequently you save \$5, the more money you will have saved in the long run. For instance, saving \$5 a week will net you four times more than saving \$5 a month.

This can add up quite a bit when calculating how much \$5 a week is over 5, 10, 20, or 40 years compared to saving \$5 a month.

Below you will find how much you could have by saving \$5 after various amounts of time. We will go over the calculations for saving \$5, not accounting for interest.

Additionally, you will also find out how much you could have if you were to invest your savings with an average interest rate of 7%.

The average interest rate of 7% is assumed by looking at how the stock market has performed historically and taking into account inflation.

So the \$5 you save each day, week, or month could easily be much more than you were expecting.

## How Much Will I Have If I Save \$5 a Week For a Year?

If you save \$5 a week for a year, you would have saved \$260. You will have a total of \$260 if all you do with your money is put it in a savings account or keep it in cash.

If you factor in interest from investing the money you have saved, at 7% interest, your \$260 will turn into \$269.

## Table of Saving \$5 a Week

Here is a table of how much you would save over time if you save \$5 a week.

## How Much Will I Have If I Save \$5 a Day For a Year?

If you save \$5 a day for a year, you would have a total of \$1,825. This is if you keep your money in a low-interest savings account or keep it as cash.

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Instead, you were to invest it. You could earn around a 7% annual interest rate, meaning that the \$1,825 you saved would be worth \$1,884 after one year.

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## How Much Money Will I Have If I Save \$5 a Month For a Year?

If you save \$5 a month for a year, you would have saved \$60. Assuming a 7% annual return on investment from the money you save, the initial \$60 would be worth \$62 after just one year.

## How Much Will I Have If I Save 5 Dollars Every Two Weeks For a Year?

If you save 5 dollars every two weeks for a year, you would have \$130. With a 7% interest rate, you would earn \$135 after a year. Saving 5 dollars every two weeks will allow you to save twice as much money compared to saving 5 dollars every month.

We can figure out how much saving 5 dollars every two weeks for a year is by multiplying \$5 by 26 weeks (saving \$5 every other week) and getting a total amount of \$130.

## How Much Will I Have If I Save \$5 a Week For 6 Months?

If you save \$5 a week for 6 months, you would have a total of \$130. By multiplying 26 weeks by \$5, we get \$130, which is the total for saving \$5 a week for 6 months.

## How Much Will I Have If I Save \$5 a Month For 6 Months?

If you save \$5 a month for 6 months, you would have \$30. This is found by multiplying 5 by 6 to get \$30. The 5 stands for saving \$5 every month and 6 representing 6 total months.

## How Much Will I Have If I Save \$5 a Month For 5 Years?

If you save \$5 a month for 5 years, you would have \$300. You can find how much \$5 a month is over 5 years by multiplying 12 by 5 and 5. The 12 representing 12 months, the 5 standing for \$5, and the other 5 meaning 5 years.

Accounting for a yearly average interest rate of 7 percent, the initial \$300 you save would be worth \$358.

## How Much Will I Have If I Save \$5 a Week For 10 Years?

If you save \$5 a week for 10 years, you would have \$2,600. By multiplying \$5 by 52 weeks and 10 years we get a total of \$2,600.

That \$2,600 you initially saved up can be invested each week. With an annual average interest rate of 7%, your \$2,600 would be worth \$3,719.

## How Much Will I Have If I Save \$5 a Month For 10 Years?

If you save \$5 a month for 10 years, you would have \$600. To find out how much \$5 a month is for 10 years you multiply \$5 by 12 months and 10 years.

If you were to go and invest the \$5 you save each month for 10 years, your \$600 investment would be worth \$860 with a 7% interest rate.

## How Much Will I Have If I Save \$5 a Week For 20 Years?

If you save \$5 a week for 20 years, you would have \$5,200. We can find out how much saving \$5 a week for 20 years by multiplying 5 by 52 and 20. The 5 standing for \$5, 52 meaning 52 weeks, and 20 representing 20 years.

By investing the \$5 you save each week with a 7% interest rate, your money would be worth \$11,035.

## How Much Will I Have If I Save \$5 a Month For 20 Years?

If you save \$5 a month for 20 years, you would have \$1,200. When calculating how much saving \$5 a month for 20 years is, you multiply \$5 by 12 months and 20 years.

If you invest the \$5 you save each month, your initial \$1,200 would be worth \$2,552 after 20 years.

## How Much Will I Have If I Save \$5 a Month For 40 Years?

If you save \$5 a month for 40 years, you would have \$2,400. To figure this out, we need to multiply \$5 a month by 12 months and 40 years.

You would have \$2,400 if you only save \$5 each week. If you went and invested it into the stock market with an average annual interest rate of 7% when accounting for inflation, your money would be worth \$12,427 after 40 years.

## Conclusion

Saving \$5 a day, week, or month is one of the best ways to invest in your future. There are many ways you can use the \$5 you save. You could stash the \$5 away in a savings account, invest it, or use it to start a business.

Investing the money you save into the stock market historically will result in an average interest rate of about 7% on your money after being adjusted for inflation.

Of course, there are other ways to potentially get a much higher rate of return on your \$5. One is starting a business. Anyone can start a business at any age, and it is possible to start one with as little as \$5.