It is never too late or too early to start saving!
Seeing it is still in the first week of the year, I thought I would share a 52-week savings challenge.
I started mine this morning with $1 in dimes and a mason jar.
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Just about everyone can use a little bit of extra savings. Whether you are saving up for a vacation, a down payment for a new house, or just building up an emergency fund, savings don’t have to be complicated.
This is the first year I am trying the 52-week savings plan, and I am so excited to stick with it over the next 52 weeks!
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A simple savings plan
Seeing this plan is so simple to get started, I even challenged my 14-year-old daughter to do it with me. She started working a few months ago and has been less than great with savings. Let’s just say she has quite a few new pairs of shoes since she started working.
I have brought up savings to her a few times but am trying not to nag on her about it. I know she has been taking about $10 per paycheck ($20/month) for the last couple paychecks and putting it in her savings, which is a great start.
However, as with just about anything else in life, I think it is easier to stick to something if you have a solid plan.
Hence, the 52-week savings challenge.
52-week savings challenge
If you haven’t already seen the 52-week savings challenge floating around Pinterest, the basic concept is to put aside the amount of money in conjunction with which week of the year it is.
Therefore, in the first week of the year, you put aside $1. The second week of the year, $2.
However, you don’t necessarily need to start on the first of the year to start saving. Even if it is in the middle of the year, you can just go by the week you start. So if you start on the 26th week of the year, you can put in $26. Or, start at the beginning.
The first week you start, put in $1.
I made two different 52-week savings challenges, one that is filled in with the amounts to save and another blank one.
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