It’s week 9 of the 52 Week Money Challenge and by now (without adding the $9 for this week) you should already have saved $36 (while that might not seem like a lot now, just wait and see). Plus, the fact that you have been diligent about saving means that you are creating a very good habit.
Being that we are currently on week 9, you need to add (or should have already added) $9 to your savings…as highlighted in yellow in the chart above.
- Week 9 Deposit Amount $9
- Previous Account Balance $36
- New Account Balance $45
If you haven’t done it yet, it is not too late to get started just put in the amounts for weeks 1-9 (a total of $45) or break it up into 2 deposits if you need to.
To keep track of where you should be, be sure to check out the 52 Week Money Challenge Schedule I created for you to reference.
If you missed the post explaining what the 52 Week Money Challenge is, here’s how the Challenge works:
Each week of the year (52) 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 7, you deposit $7. On week 22, $22, week 34 $34, week 46 $46 and so on and so forth. I suggest you print out the chart and cross off each week as you go along.
You could also work backwards and start with an initial savings of $52 (Reverse 52 Week Money Challenge) so that your deposit amounts get smaller as the year goes on. If you started backwards, then:
- Week 9 Deposit Amount $45
- Previous Account Balance $388
- New Account Balance $432
**Don’t forget I’ll be doing giveaway for the deposit amount sooner than later, so keep checking back!
What a lot of money you have saved by doing the 52 Week Money Challenge! This chart really shows how it builds up at the end and it does not look hard to do. I will have to do this. I like seeing how much money you are saving.