UPDATE: Check out the 2016 52 Week Money Challenge & Reverse 52 Week Money Challenge Schedule
now up on the blog.
I posted about the 52 Week Money Challenge last year and I’ve got to be honest, I didn’t do it. I don’t even think I made it past the 2nd week. In 2014, I want to give it another shot, a real shot. That’s where you come in…want to do the 52 Week Money Challenge with me? We can hold each other accountable (and I need that).
This year I will be posting the 52 Week Money Challenge on TeachMe2Save.com each week along with a 52 Week Money Challenge photo that will highlight the week we are on (trying to make it as easy as possible for us).
More about the 52 Week Money Challenge
Each week of the year (Hence the name 52 Week Money Challenge), 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 #19 $19, week #35 $35 and so on and so forth.
Want to Keep Track Of Your Savings?
Simply print out the chart and cross off each week as you go along OR you can check back here each week and we’ll keep track together (that’s why accountability is great!).
Make Things Interesting (or complicate things as my husband would tell me)
You could also work backwards and start with an initial savings of $52 so that it only gets smaller as the year goes on. Read more about the Reverse 52 Week Money Challenge. 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.
You could also consider putting in double the amount each week, so you have double the amount at the end of the year.
Let’s Do This
We’ll be starting week 1 on Sunday 1/5 with the last week (#52) ending on the week of 12/18 (Check out the 52 Week Money Challenge Schedule for 2015).
Are you doing this with me? Any questions?