I saw this last year and ended up doing the 52 week money challenge and it was so easy and fun! It’s always good to have a savings account set aside for emergency’s and this is the perfect way for you to deposit a good chunk of change without forking over your whole paycheck.
How it works
Starting on January 1st (or any week you want to call the first week) you deposit one dollar, then the second week you bump it up a dollar and so on (see chart). By the end of 52 weeks you will have saved a whopping $1,378!! By raising the amount every week by just $1 it will not throw you into something you can’t handle. It’s more of a gradual getting used to way to save and once you have started saving by using the 52 week money challenge you will wonder why you thought it would be so hard to do.
Here is a little secret
If the ending looks a little scary to you just flip it around a little bit and use your tax money to bank the last two months. That way when Christmas time rolls around you will already have completed the last month or two and you won’t be scrounging around to finish it off at the hardest time of the year.
All you need to do
All you need to do for the 52 week money challenge is print off the free sheet and every time you make a deposit just check it off. I keep this money in a separate savings account so that I don’t get it mixed up with my other money I’m saving and I’m less likely to grab money out of it on the fly.