Wednesday, January 1, 2014

Save that Money, Honey!: $1,378 Savings Challenge

How does an extra $1, 378 at the end of the year sound to you?  You know what I hear? HA! LLELUJAH!

 It's actually such an easy task in terms of the planning, that I'm sorry I hadn't thought of it.  BUT, I'm glad someone did because now I get to jump on that bandwagon and share it with you!

Here's how it works: There are 52 weeks in the year, so for each week of the year you save that corresponding amount.  For instance, for week 1 you would put one dollar aside, for week 2, $2, etc.  OR you could work backwards by saving $52 on week 1, $51 on week 2 etc.  I prefer this approach since generally when we are gung-ho about something we are usually motivated enough to start with the harder aspects and we generally STAY motivated if each week gets "easier."

Here's a chart
Here's another savings challenge as an alternate to the one above- 
Instead of saving the amount of dollars= to the week #, you save the date.  Let me explain with a visual: 

 So depending on the date you get paid, that's how much you save.  If you get paid bi-weekly, I might multiply that number by two.  If you get paid monthly, I would multiply that number by four.  

So how about you?  Will you be trying any of these challenges?  Do you have any other savvy ways of saving money?  Please share!

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