52 Week Money Challenge

Have you seen this circulating around? I can’t take credit for it because it wasn’t my idea. But I LOVE it and I am all onboard to do it!

The concept is that you save a little each week, starting with $1 and adding $1 to it each week.  So week 1 you save $1, week 2 you save $2, week 3 you save $3, etc.  At the end of the first month you have $10 saved, at the end of the second month you have $36 saved.  Doesn’t sound like much, but at the end of 52 weeks (1 year) you have $1378 saved!

The most you ever put away on any given week is $52 and that’s not until the end.

Or you can start the savings plan in reverse.  Start with $52, then $51, then $50, etc.

I had meant to start this at the first of the year but we’ve been super busy.  But I’m going to pretend I did.  So now it’s the 4th week of the year, so I need $10 put back in my fund.

What am I saving for? Another Disney cruise of course!  We just got back from one it was WONDERful! I’m actually going to do this two-fold.  I’m going to put just as much in savings as I put back for our cruise. What are you saving for?  A trip?  A car?  A rainy day?  Share with us and we can encourage each other as we go! You can start this plan whenever you want and that would be your week 1.  If you want to play catch up like I am, then we’re on week 4 and you need to put $10 back this week. If you’re doing it in the reverse then you’re on week 49 and you need to put back $202. Week 4: Put back $4 for a total of $10 saved. Week 49: Put back $49 for a total of $202 saved. Don’t forget to let us know what you’re saving for!

*I did not create the graphic above and was unable to track down it’s origin.

Print Friendly, PDF & Email