52 week money challenge

[Happiest mommy]

I couldn’t stand how close I am to having $2000 so I put another $25 in my vacation savings

WOOHOO!!!!!!!!

 

[monica9]

I like to do it random. I already save money the steady consistent way. This little gimmick isn’t the only way I save.

It’s just a fun little game to play with myself. In addition to regular reliable savings.

I’ve also seen it with cents. Do it daily. $.01-$3.65. Which could be fun for kids too.

great idea for the kids!

 

[sandam1]

I'm up to Week #28 and have a total of $1079 in the bank! Woo-hoo! Now that I'm passed the halfway mark, I'm going to continue adding $26 per week for the rest of the year (instead of continuing with the declining balance).

Of course, over the next few weeks, I'm going to start to SPEND some of my savings with airline ticket fees (fares are being booked on points) and race registration fees coming up quick. I'm excited to start putting the trip pieces into place, but am a little sad to know that the stash that I built up over the past 6 months is going to disappear pretty fast.

 

[Pumpkin1172]

I couldn’t stand how close I am to having $2000 so I put another $25 in my vacation savings

That is sooo great!!! Doesn't it feel good to have that much already.

I'm up to Week #28 and have a total of $1079 in the bank! Woo-hoo! Now that I'm passed the halfway mark, I'm going to continue adding $26 per week for the rest of the year (instead of continuing with the declining balance).

Great idea for adding that much each week! Your dates will come fast now. Before you know it, you will blink and summer will be over and we will be heading into fall.

We now have the money for the dd destination wedding, plus we have also saved the dh wages for when we are away ( he's in the trades in in Canada their holiday pay is paid out each paycheck, but we usually end up having to use that money for living expenses . We have had lots of huge changes over the past three months, and have been able to save plus pay down debt. So now we are saving for our excursions and extra spending money. After that, we will be saving for clothing for the wedding ( and ds graduation 2 weeks later ). Then my plan is to save for a graduation trip to universal for the ds graduation gift.

 

[Princess_Nikki]

The idea is simple:

1. deposit $1 into your savings account on week one of this year,
2. followed by $2 on week two,
3. $3 on week three, etc, etc,
4. until you reach week fifty-two where you make your last deposit of $52.

Your final balance at the end of the year is $1,378. It's a simple way to save almost $1,400. You can Download a printable spreadsheet to see how the numbers add up. I like to start at $52 and end with the $1.00 deposit

I see....so the idea is you are depositing money consistently EACH week. This is great.

 

[Princess_Nikki]

I did this last year and it worked great for me. I divided it by 2 as I get paid every 2 weeks. I also did it in reverse. Seems easier to start at the most amount and work down. I also round up to the next dollar. I am trying it also for vacation. I started that in October. This works for me as I also have another envelope for peoples birthday and money for Christmas envelopes.

I like this plan too

 

[virge]

Week 27 = $33

$940 total

I was able to deposit $145 from this challenge plus $230 from Ibotta, Achievement, & a yard sale in my vacation savings. I now have $1975 towards our Disney 2019 trip

Week 28 = $31
$971 total

 

[Happiest mommy]

I see....so the idea is you are depositing money consistently EACH week. This is great.

yes but a lot of us are doing it reverse starting with the larger amounts

 

[virge]

Week 28 = $31
$971 total

Week 29 = $30
$1001 total

 

[ashleyr409]

Week 11 $41
$299.00 Total

Been super busy...
Week 12 $49.00, Week 13 $51.00, Week 14 $7.00
$406.00

 

[virge]

Week 29 = $30
$1001 total

Week 30 = $29
$1030 total

 

[Happiest mommy]

Week 30 = $29
$1030 total

Virge you are on fire!!!!! keep going

 

[virge]

Virge you are on fire!!!!! keep going

Thanks! This challenge has really motivated me to do a little extra saving. I loved the suggestions to do it randomly & backwards. Marking off low amounts at the beginning of the year when money was still tight from Christmas helped get me going. Once money wasn’t so tight, I started focusing on doing it backwards. Seeing the amount grow has kept me motivated. When I have crossed off everything down from $52-$26, I’m going to try what @sandam1 suggested and stick to $26 for the rest of the year. I imagine things will get tighter in November & December, but it’s worth trying!

 

[Happiest mommy]

Thanks! This challenge has really motivated me to do a little extra saving. I loved the suggestions to do it randomly & backwards. Marking off low amounts at the beginning of the year when money was still tight from Christmas helped get me going. Once money wasn’t so tight, I started focusing on doing it backwards. Seeing the amount grow has kept me motivated. When I have crossed off everything down from $52-$26, I’m going to try what @sandam1 suggested and stick to $26 for the rest of the year. I imagine things will get tighter in November & December, but it’s worth trying!

I am hoping to do the same once I get to the $26 amount too, I am loving this challenge but haven't been able to do in over a week due to some unexpected house/car repairs

 

[Happiest mommy]

Week 9- $44
$477 Total

 

[sandam1]

I have now (sadly) reached the point where my stash of challenge cash is going to start declining. Last Thursday, I registered for the Disney's marathon weekend (half marathon for me and 5K for my best friend and myself). I had a $200 gift card from my Disney credit card which covered part of it, but I still wound up buying another $200 (or $190 after my Redcard discount) in gift cards from Target. I know that's what the money was set aside for, but I liked watching the numbers go up and not down.

 

[virge]

Week 30 = $29
$1030 total

Week 31 = $28
$1058 total

 

[Happiest mommy]

week 10- $43

$520 total

 

[virge]

Week 31 = $28
$1058 total

Week 32 = $27
$1085 total

 

[Happiest mommy]

Week 32 = $27
$1085 total

woohoo!! you are almost at the $26 week!