One of the principles of minimalism states that when you focus on what matters to you, it becomes easier to say no to the things that don’t.įinding your why, your raison d’etre, can keep you going even when times get tough. Identify your “why”īefore starting this money challenge, take the time to sit down and reflect on why you want to save money.
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READ MORE: 10 Best Vision Board Supplies to Manifest Like a Boss in 2022 How to do the 52-week money saving challenge 1. This simple printable can be customized to your weekly savings goals just write in your savings each week!
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If you want to make this money challenge a success, why not download a printable 52-week money challenge PDF like the one pictured below?Ī visual tracker like this will help you track your progress and stay motivated throughout the year. Studies show that people who write down their goals are 42% more likely to achieve them, and visualization is a powerful tool that everyone, from Olympic athletes to billionaire businessmen, swear by. Total savings = $10,000 in one year.Īre all of these numbers and dates making your head spin? Hey, I get it – I’m a visual person too! You’ll need to think hard about saving more money, ways to make extra money, and maybe even passive income ideas.
Save $5,000 in 52 weeks: The more money you want to save, the harder it gets this challenge is suitable for advanced savers, or those who want to do more extreme spending freezes or side hustles to increase income.
There are a lot of ways to break down this money challenge, but I like to keep it simple and target $250/savings per month, which means saving in increments of $25 + $50 + $75 + $100 for weeks 1, 2, 3, and 4, respectively. Save $3,000 in 52 weeks: This money challenge works well for people who already save a little but want to challenge themselves to save even more.To reverse the money challenge, simply flip the weeks instead of starting with $1 on Week 1, you save $52, then $51, on Week 2, and so on until you save $1 on Week 52. Reverse 52-week money challenge: This works well for people who find it harder to save money the closer they get to the holiday.It might take some number-crunching on your part, but there are an almost infinite amount of ways to break down, modify, or reverse the money challenge to suit your income, budget, and schedule. No hard and fast rule says the 52-week money challenge has to be done one particular way! If it’s not you can always up the amount to try and say more! Here are a few ways to modify the 52-week money-saving challenge If you’re ready to start saving money, read on to find out how to do a 52-week money challenge and kickstart your journey to achieving your goals this year.īE INSPIRED: 30 Life-Changing Minimalist Blogs to Follow in 2022 How much money do you save in the 52-week money challenge?Īs mentioned before, the standard 52-week money-saving challenge allows you to save $1,378 a year that’s not chump change!ĭepending on how much money you make and how much practice you’ve had with frugal living or no-spend challenges, this particular method might not be enough of a challenge.While the start of a New Year is a great time to begin this challenge, you don’t have to wait until January 1st to begin.Īfter all, it doesn’t make sense to put off your goal of paying off debt or saving up for a downpayment on your dream home. When is the best time to start a money challenge like this? and so on until in Week 52 = you save $52 that week.There are different variations of the 52-week challenge, but the standard savings challenge is to start with saving $1 in the first week, then increasing the savings amount by $1 each week so that by the end of the 52-week challenge, you’ve saved a total of $1378!
The 52-week money challenge is a way to save money by setting aside a certain amount of money each week. Read on to find out how to do this money-saving challenge and save more in 2022. You are not alone saving more money is the second most popular New Year’s goal after losing weight – but how to get started? If you’ve made it a goal to save more money in 2022, then this 52-week money challenge is just what you need! This popular money challenge helps you set aside a certain amount of money each week so that by the end of the year, you have an extra $1,378, $5,000, or even up to saving $10,000 a year or more!
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