I don’t know about you, but I really want to start saving more money. I had hoped to do this 52 Week Money Challenge in last year but as the weeks went by our every other week pay made it hard. As the end of the year approached it got harder to do. However, this year I decided to take a different approach. I AM going to save $1378.00 by the end of this year and you can too.
As you can see in the 52 Week Money Challenge table above it, tells you how much to put aside each week. If you are like me and get paid bi-weekly then here is a solution to not make it hurt so bad. Instead of at the end having 103.00 come out of one check I decided to start week one a different way. Instead of using week one and two like I would if I went in order, I decided to use week 1 and week 52 so it’s only 53.00 out of that check. For the next check I will use Week 2 and Week 51 and continue that way until the last deposit which would be week 26 and 27 together.
If I did my math correctly (which it’s entirely possible I did not) each week should be $53.00, for me that is definitely more doable than $103 that last paycheck. So, this is a great way to set a goal. Also, to keep track, during the 52 Week Money Challenge, what I do is highlight the amounts I deposited and voila at the end of 2014 I have $1378.00 which means in 10 years of doing that I will have over $10000!!!
I’d say that’s one resolution I will work hard to keep up with.