Have y’all ever noticed that 52 week saving challenge that floats around the internet at the top of each year? Have you ever tried it? Well I have been doing it for the last three years and that ish works!
You start off during week one of the year saving $1, and each week you increase your savings by $1. So in week two you save $2, week three you save $3, week four $4 and so on.
I love this challenge because it’s low pressure and the amount saved each week is so minuscule you probably won’t even miss it, or even realize that by the end of year you have saved $1,378! That’s enough for a vacation, Christmas presents, or a YSL bag—for my ladies and fellas that are bad, boujee and on a budget.
If you put the money into an interest bearing account you will end the year with a little more than $1,378. If you really want to maximize your interest though, try completing the challenge backwards. Start off week one with $52 and decrease by $1 each week.
The most challenging part about this challenge is remaining consistent. I love to travel and use this challenge to save for travel expenses. I created a savings account that is linked to my checking account and each Sunday I transfer the money directly from my checking to my savings. I buy a new planner each year and write out the dollar amount I need to transfer each Sunday on the calendar pages. If you are not a paper fan like me, try setting up alerts on your phone calendar or email.
Now I know this blog post is probably going to go up well into the year, probably past the half way point of the year…but you can start at any point. For example if you start on week 30, just save $30 and proceed from there. You won’t have the full $1,378 by the end of the year (you’ll still have $943) but you will develop a habit and can reset at the top of next year.
