It begins with 1 cent a day on day one, then 2 cents a day on day two, 3 cents a day on day three, 4 cents a day on day four, and so forth, until on day 365, you save the grand sum of $3.65 on that last day.
So, literally, you are putting aside mere pennies that add up to $667.95 by the end of the year. This is a nice tidy sum to save using a method that anyone can follow.
This is NOT to be confused with the "doubling a penny" every day math problem where you end up with a huge, huge amount of money.
This approach is a realistic, modest way to get started on savings that anyone can do.
The key is to remember to do it every day and to physically put the money aside in a jar or piggy bank or any designated container.
Post Reminders to Yourself
I recommend putting reminders - sticky notes work well - in plain sight around the house, on your wallet and/or purse, the bathroom mirror, etc. to jog your memory. As with anything else we do regularly, it will soon become a habit.
I also suggest making periodic bank deposits of the accumulated savings to avoid the temptation of spending it, and to keep it from becoming too cumbersome to handle.
An Alternative Approach
As an alternative approach, I've also heard of starting the savings out in reverse, so you get the "big" amounts out of the way first. In other words, begin with $3.65 on day one and work your way down to 1 cent on day 365.
Either way works. Give it a try!