Have you see the 52 Week Money Challenge Savings plan? It is a fun way to save a little extra money this year and this time in 2015 have an extra $1378 in a savings account.
The idea is to deposit a little money each week into a separate savings account. OR you can do an account for each of your children, this will help get them saving too!
There are 3 ways you can do this:
1. The basic 52-week money challenge – On week 1, you save $1. On week 2, you save $2. On week 3 save $3 and so on. When you end on week 52, you will have saved a total of $1378! Try to deposit your money on the same day every week to make it easier for yourself.Can you set up a direct deposit each week? My bank will let me and I just scheduled mine out for the entire year!
2. The backwards plan – If you are broke during the holiday season and can’t imagine the biggest chunk coming out during November and December, start backwards! The first week of January you will be depositing $52 and so on.
3. The BIG TIME Saver – Have some extra money but have a hard time saving it? Try doing this same idea DAILY. That means each day you deposit the same amount of money as the date of the day. For example, Jan. 1st you deposit $1, Jan. 15th it is $15 and the 20th $20 and so on. At the end of the year, you will have close to $6000!!
There are so many ways to save a little extra money that can really add up! Remember Paul’s Walmart savings plan? He rounds up his totals and adds the money to a gift card every time he buys something at Walmart. Hey! It works!
You can print off a 52 week challenge HERE to get you started!
Part comedian, part Dad, part athlete. He will boss around your children while they play ball.
Just as angelic as she looks, this girl could easily raise a Village by herself, and all the children would grow up to be President.
Self proclaimed, she would be a webkinz dog. Because, "they're cute, and puppies are too. And they're sweet and they always get along with other puppies."
This mini-Martha Stewart can handle ANY craft you send her way. She isn't all bows and rainbows, she's got karate kid moves!
Not "Pick-Me-Up" like caffeine, she wants you to pick her up! AND NOW!
Anything that can be destroyed WILL be destroyed!
Practically Perfect in Every Way for now! Nicknamed "The Panda" she is rolly polly and lives by the motto, "the little one, is KING!"
The resident Labradoodle, Miller got his name because Mom won and got to name the baby! Need something chewed up? He'll take care of it. Especially if it's expensive..
I did the $52 first and had it go down. It was so nice to have extra money at the holidays and when you get closer to Christmas it becomes a countdown to the holidays.
I start mine the Friday following Christmas so that I finish the total by Christmas.
This year I’m doubling the amount, not only for holidays, but to have more in savings.
I totally agree, I was going to make the$52.00 in the Summer so it wasn’t so close to either the beginning or end of the year!
I’m going to attempt this challenge backwards. I’m actually pretty excited about this. I think is a fun way to save money. Good luck everyone and have fun! 😀
I love this idea and I’m also doing it backwards!
I did this last year and even though I only made it part way through the year still had a little saved to use on Christmas. Especially nice with my husband out of work. This year I’m doing it backward so it will be easier as the year goes along!
I have done everytime I saved money at the store that is what I put into savings cuz that is what you would of spent anyway if you hadn’t of used cpns etc. EX…OOP 93.26 saved 28.00 I would put that saved 28 in jar…
I did this saving plan this year…started backwards….I did it x3…as I have a savings account for my son, my daughter, and myself. The year ended with $1500 in each account !!! I never would have saved this much without this plan. We are “trying’ to go to the UK this summer (2016) as we have extended family there. These saving accounts will pay for the trip (at least part of it). I will be continuing this throughout this year, too !