52 Week savings challenge
The 52 Week Savings Challenge is a fun money-saving idea that caught on big time on Facebook in recent years. It offers an easy-to-follow plan to save $1,378 in 12 months.
To read more about it, go to:
www.thesimpledollar.com/hacking-the-52-week-money-challenge/
To read more about it, go to:
www.thesimpledollar.com/hacking-the-52-week-money-challenge/
take the challenge!
The challenge is a simple idea: put away $1 for week #1, $2 for week #2, and so on. After 52 weeks, you'll have $1,378. Obviously, it's easy at first. Then you get to week #32, where you're supposed to put in $32. If it seems too difficult to put away big amounts week after week, try a different approach to the challenge...
The Random Approach
Another way to do the challenge is by crossing off weeks randomly. For example, did you get a $6 rebate check in the mail? Save it and cross off Week 6. Did you return something at the store and receive $12 cash back? Save it and cross off Week 12. Did your son pay you back the $25 he owed you? Save it and cross off Week 25. The practice helps you think more creatively about ways to save.
You can even come up with your own way to do the challenge. The point is to look for ways to save and put that money away...on a regular, weekly basis. Remember that small steps can add up to BIG change.
The Random Approach
Another way to do the challenge is by crossing off weeks randomly. For example, did you get a $6 rebate check in the mail? Save it and cross off Week 6. Did you return something at the store and receive $12 cash back? Save it and cross off Week 12. Did your son pay you back the $25 he owed you? Save it and cross off Week 25. The practice helps you think more creatively about ways to save.
You can even come up with your own way to do the challenge. The point is to look for ways to save and put that money away...on a regular, weekly basis. Remember that small steps can add up to BIG change.