Ive decided - today! - to do a the 52 week savings challenge. Have you heard of it? Theres several ways to do it - theres a link to a finance blog to show you - but heres a shortened version: 1. Save the same amount of money as what week it is in the year. i.e. week 1 save $1.00, week 2 save $2.00....ever increasing amounts.... 2. Do it in reverse i.e week 1 save $52.00, week 2 save $51.00, week 3 save $50.00.......ever decreasing amounts.... 3. Print out the planner (on the blog) and tick off a particular week when you can save what you can that week. i.e. if you can only save $15.00 that week - cross off week 15. If you can save $52 that week - cross off week 52. This is the MOST FLEXIBLE way. 4. Do a mish-mash of all 3 when you can ! EITHER WAY - you end up with $1378.00 excluding interest at the end of the year. Whos up for it? We can support each other through the year !!! thesimpledollar/thoughts-on-the-52-week-money-challenge/
Posted on: Thu, 08 Jan 2015 02:40:33 +0000
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