Click here for update and a “remix” to this MONEY CHALLENGE! Can we say…so much easier to save, than the original!!
Today I was introduced to the 52 Week Money Challenge by a fellow blogger, DLWinfrey from Pretty Girls Rock Dresses (PGRDresses). The challenge is to make a weekly deposit that reflects the number of weeks of the year. For example on week one you deposit $1.00 and on week 27 you deposit $27.00 and so on. It sort of reminds me of when I was little and my big brother would give me money that corresponded with my age ($5.00 for my fifth birthday and $10 for my tenth birthday). This is week one of 2013, so if you are interested, you better put your dollar to the side. I plan on using the money saved throughout the year for holiday purchases and paying down credit card debt. Just think, by this time next year, I could have saved $1,378 just by participating in this challenge. While I don’t know who came up with this challenge, I do thank them. It’s easy, it’s fun, and it won’t break the bank. Plus the remix of this money challenge makes it so even easier.
What Will You Do With Your Savings?
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I love the 52 week challenge..Its really easy and you really don’t miss the money you put aside…looking forward to the end.
So true. How long have you been doing it? I’m going on year 3 this January.
Someone mentioned to me that going backwards is an option as well, depending on what your financial situation is. I guess some people like to start out high and pay lower weekly amounts as the weeks go by. Great post!!
That’s an excellent idea! I think I may even like it better b/c it will get easier as the weeks go back….sort of like reaping the benefits of your financial accomplishments!
It’s Jan 30th and I just found this! I’m totally doing it! I did start saving in January… still a little bit of money here and there… a little rainy day fund… I already have about $200.00 in the pot. So I am going to start with this week and build on my already saved money. Thanks for the idea… I will use the money for Christmas.
Just came on to post this and saw that you had posted it. Great minds!
LOL… that’s awesome. #greatminds