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Easy 52 Week Money Saving Challenge

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Powered by Mom is doing the 52 Week Money Challenge

I can’t believe I haven’t done this since 2014! 2017 is up next I’m going to do the 52 week money challenge again. Whose with me?

It’s quite easy to do and the amounts are small so there’s no reason not to do it. I have no excuse as to why I didn’t do it in 2015 & 2016 but it’s time to do it again.  What I’m also doing is scheduling my deposits via my online banking so I don’t forget to do it. If you don’t have online banking put it in your Outlook or Gmail calendar (any electronic calendar) or hard copy calendar so you don’t forget 🙂

Below are some more details but I want to know who wants to join me? I know several of you on Powered by Mom’s Facebook page the other day said you were going to do it so let’s do it together!

money saving challenge

I love this money saving challenge chart and of course I had to make my own that had a bit of purple in it but was still easy to read so mine is above and you should be able to print it too! You can either right click it and print it as a picture or you can print this 52 week money challenge  and you will have a handy hard copy 🙂

Info on the 52 Week Money Savings Challenge

I’ve already done my first week’s deposit for 2014 a whopping $1 :). Whether you’re making new year’s resolutions or not this is a great way to save a bit of money that for the most part should’t be to hard on the wallet.

How It Works

Obviously the 52 Week Challenge is based on 52 weeks in a year so you start with putting $1 into your savings account, then $2 on week two, $3 on week three etc just like the picture above indicates. Doing it this way you will save a total of $1378.00.  Some of you on our Facebook discussion mentioned that you’re going to do this backwards starting with $52 as some find money much tighter near the end of the year right after Christmas. I think either way is a fabulous idea.

So who wants to join me? Leave a comment below and let’s encourage each other. I will be posting either here or on Facebook once a month to say how I’m doing and we can all check in and encourage and support each other!

Comments

  2. What a great idea! I don’t think I’ll be able to do it this year, though, since we’re trying to close on a house and every dollar needs to be accounted for. Maybe I can start at the six-month mark, which would still be something.

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  5. at the local credit union they gave us this idea i love the end result but im just not sure i have the will power!

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  6. I;m going to do something similar – instead of adding addition $1 per week – I’m going to do a set amount per month when hubby is paid into my savings and my kids savings accts
    might be a little less at end of year but will definitely increase our savings!

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  11. Saving money for a year by breaking it down into 52 weeks of much more manageable blocks is a wonderful idea. I’m in, but am a little behind, so I will have to start out at a dollar and save more each week. Thanks for sharing and for providing support.

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  13. I’ll join you. Will share with my husband so he can help keep me on track. Thanks for the inspiration!

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  21. This is very appealing to me. I would like to try it. I know that I could do it for awhile, at least.

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  22. Even though I’m a few days late to get started (it”s easy to catch up during the first week) I’m taking advantage of this EASY chart AND looking forward to having SAVED those $$$ at the end of this year.
    Thanks for the chart !!!

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  27. I think instead of putting it in a savings account i’m going to do the challenge on one of my debts for repayment. Great idea and will help me knock my debt down!

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  29. This is a great idea. If I happen to find a job, I will be playing catch up. (I just got laid off last week from both my jobs)

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  32. This is a great way to start the habit of saving! My husband and I started saving years ago with $20 per paycheck. Every time he got a raise we increased our savings instead of spending it. We also set it up to be automatically taken from checking when he got paid and transferred to savings.

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  33. we are doing this but were worried that we might not be able to do the larger amounts in Nov and Dec of next year so what we are doing is taking the amounts and writing them on slips and then each week we will pull a slip with the amount we are comfortable saving. This allows for some flexability if we have an unexpected bill during the year or a smaller paycheck. We started with the largest amount $52 on Friday.

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  34. I love this idea and seems easy enough to do. I wanted to try new things this year, so this was just added to my list. Thanks!

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  37. I have a friend who is doing this challenge along with a meal list for 3 months. I may try this to save for a vaca!

    Reply

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