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!
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!