Hello All,
Has anyone heard of this? Is anyone doing a challenge?
This is what it is……….
The 52-week money challenge explained
The challenge is quite simple. Each week you put an increment of cash aside and watch the amount grow throughout the year:
In first week of the year, you save $1.
For week two, you save $2.
For week three, you save $3.
For week four, you save $4.
By the end of the year, you’re putting aside more money:
For Week 49, you save $49.
For Week 50, you save $50.
For Week 51, you save $51.
For Week 52, you save $52.
At the end of 2021, you’ll total $1,378 in savings. The appeal of this challenge is that the initial amounts are so minimal that it feels like you’re creating something out of almost nothing. It also gets you into the habit of saving, which is something that a lot of people struggle with.
Of course, there are variations and one can adjust the challenge to fit their own circumstance/wallet
https://twocents.lifehacker.com/save-money-with-the-52-week-money-challenge-1846002779
I sort of did a modified version of this challenge without knowing I was doing it last year. When everything shut down in NYC and I started working from home. I would still take out my weekly cash allowance and because I was not going out and most places were closed I wasn't spending as much. At the end of the year, I had saved $1671
The best way I found to save money is challenge myself, starting with a $2 daily challenge and adding a $50 monthly challenge to save over $1000 by the end of the year then I split it towards my emergency savings and paying off debt.
Let's do it guys I'm trying it out hopefully I don't want any challenges
I started saving $5 a week for 3 months before COVID hit and when I started working from home and not having to buy lunch everyday and put gas in my car I was able to save a little more each month and by the end of the year I had saved $2,100
I started saving $5 a week for 3 months before COVID hit and when I started working from home and not having to buy lunch everyday and put gas in my car I was able to save a little more each month and by the end of the year I had saved $2,100
@Elizabeth - it sounds like your savings tactic really paid off!
–SaverLife Moderator Team
Savings just a couple of dollars adds up and by the end of the year you can have a substantial a m mmout
