Saving money on your list of resolutions this year? Try one of these 2 money challenges: 52 Week Money Challenge or the Reverse 52 Week Money Challenge for a quick and easy way to save money! (Plus, scroll down for some more saving money resources below)
52 Week Money Challenge
Each week of the year, you save a designated amount (based in the week #) and by the end of the year, you will have saved $1378.00 (that doesn’t include any interest it may accrue if you deposit it into a savings account).
So on week #1, you deposit $1. On week #2, $2, week #13 $13, week 24 $24, week #35 $35 and so on and so forth.
Reverse 52 Week Money Challenge
Another way of doing this challenge is by working backwards and start with an initial savings of $52 so that it only gets smaller as the year goes on. Instead of starting with a low amount, you start with the highest amount and work your way down (Week #1: $52.00, Week #2: $51.00, Week #3: $50.00, etc.). Plus, with that initial amount you could deposit it immediately into a savings account since you need a certain amount to get an account opened.
Consider putting in double the amount each week, so you have double the amount at the end of the year.
Money Challenges Schedule
If you are doing the 52 Week Money Challenge or the Reverse 52 Week Money Challenge this year. Here is a schedule for you to reference and print out (simply click on the image below).
If you want to keep track of your savings, simply print out the schedule (by clicking on the image) and cross off each week as you go along.
More Saving Money Resources…
- FREE Printable Daily Expenses Tracker
- FREE Printable Monthly Budget Sheet
- FREE Printable Monthly Bill Organizer
- FREE Printable Annual Bill Organizer
Yes, I will be trying once again to stay on track. Will you be doing a money challenge? If so, which one?