Sunday, 17 January 2016

52 Week money challenge!

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This year I have decided that I wanted to do the 52 week money challenge to save some extra money that I may have spent on useless things.  I want to document my journey in doing this challenge and cannot wait for the reward at the end ($1378 to be exact). In my opinion, this has to be one of the easiest ways to save money.

How does it work?

Every week you are required to put a certain amount of money into a piggy bank of bank account. The amount of money you are required to deposit depends on the week. For example if it is week 1, you would deposit $1. In week 2 you will put in $2 giving a total balance of $3. This continues every week until week 52. 

Save the following chart and join this journey to save $1378. My main reason for doing this is to save for a car... yours may be different. 



There is also an app that can help you track your progress. Just search '52 week money challenge' in the app store and download. 

It is currently week 2 and I have a grand total of $3 in my piggybank. Slow and steady wins the race. 

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