This happened a while ago, but this lady at Walmart was talking about how if you saved a quarter every day, you'd save over $10,000 in a year.

When I pointed out that didn't make sense, she was confused. 0.25*365=91.25. Not even a hundred dollars. She said she didn't remember what the math on the Facebook post was.

The Facebook post was dumb though.

It was basically save 25 cents day 1, 50 cents day 2, 75 cents day 3, etc. That means by the end of the year, you're putting away almost $90 a day every day of the week.

Which is kind of dumb. If you're making enough money that you can still put away $90 after expenses, you probably don't need a savings plan involving quarters....

When I pointed out that didn't make sense, she was confused. 0.25*365=91.25. Not even a hundred dollars. She said she didn't remember what the math on the Facebook post was.

The Facebook post was dumb though.

It was basically save 25 cents day 1, 50 cents day 2, 75 cents day 3, etc. That means by the end of the year, you're putting away almost $90 a day every day of the week.

Which is kind of dumb. If you're making enough money that you can still put away $90 after expenses, you probably don't need a savings plan involving quarters....