transparent_bg_top

52 Week Money Challenge for 2014

123 Flares Filament.io 123 Flares ×

52_Week_Money_Challenge.PNG

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.

123 Flares Twitter 18 Facebook 2 Pin It Share 34 Google+ 2 StumbleUpon 67 LinkedIn 0 Reddit 0 Buffer 0 Email -- Filament.io 123 Flares ×
The following two tabs change content below.
Toni is a professional lifestyle blogger living on the sunny Florida Gulf Coast. She has a passion for Disney, Travel, Fashion, Cooking, Tech, Family Fun Ideas, Reviews, Giveaways and loves being able to share that with her readers!

Comments

    Join The Discussion

    *

    CommentLuv badge

  1. 1

    What a great challenge. I think I may have to do this.

  2. 2

    I love your approach with the order you’re doing it in! This is such a great challenge.
    Shell Feis recently posted…After the Ball Drops: Tackling the #NewYearsClean with Mr. Clean Liquid MuscleMy Profile

  3. 3

    I’ve seen this on several different blogs and have been intrigued …. just can’t decide if this is the way for our family to save or not.
    Rachel recently posted…Favorite Recipes from 2013My Profile

  4. 4

    I saw this.. Ideally I think going backwards would work best for me.
    Stefanie recently posted…Mr. Clean Liquid Muscle Cleans Times Square #NewYearsCleanMy Profile

  5. 5

    What an easy way to save! I looked at it for a minute and thought, “Doubling that amount each week would save money that much faster!” Then I realized it would mean hundreds of dollars a month for the back half of the year. I don’t know if my budget would be ready for that. :)
    Julie recently posted…Friday I’m In Love: Lion King puppy, 6-Second Classics, Cardboard Box OfficeMy Profile

  6. 6

    This sounds like a very useful tool to get back on track with saving money. I’d like to try it.
    Theresa recently posted…GS Preschool Games for AndroidMy Profile

  7. 7

    I’m doing this too! I’d love to save enough for a huge family vacation we wouldn’t normally take.
    Mickey recently posted…YesVideo Giveaway – $75 Gift CodeMy Profile

  8. 8

    This is a great challenge, and totally doable!

  9. 9

    I am doing this this year. I can use the extra savings for sure.
    Kathleen recently posted…Easy Crockpot Bread RecipeMy Profile

  10. 10

    This is a great idea! Love it!

  11. 11

    I wish I could do this, but kind of hard right now when I have so many bills, mainly medical. :(
    HilLesha recently posted…Get Embellishe​d with These Stylish SweatersMy Profile

  12. 12

    What a great way to save a little money each week.
    Mellisa recently posted…The All New 2014 Toyota Highlander #2014HighlanderMy Profile

  13. 13

    I’m already a tightwad, but this is awesome for those who aren’t.
    Robin Gagnon recently posted…Beautiful Free City Guides from FIJI WaterMy Profile

  14. 14

    This is a good idea! I really can put a bit on the side each week if I think about it.
    Penelope (NYC Blogger) recently posted…The 2014 Kia ForteMy Profile

  15. 15

    I saw this floating around Facebook the other day. Great idea, and amazing how much it totals at the end!
    Kelsey Apley recently posted…Shop ModCloth’s Now or Never Sale & Get 70% Off 100s of Sale Items!My Profile

  16. 16

    Put it in the bank and you might even be able to ear 1% per year in interest. Not much, but more so than burying it in a hole.
    LyndaS recently posted…BBQ in a JarMy Profile

  17. 17

    It’s a great framework to follow for those that are just starting to save or have tight budgets due to the economy right now. We’re savers by nature (although some would just call us cheap LOL!).
    Tammy recently posted…Easy Cheesy Hashbrown CasseroleMy Profile

  18. 18

    Hi Toni,

    I really love this post, as I’ve been also finding ways on how to save money this year! For someone who is an avid traveler, I need to be able to save as much as I can. I also love your chart and how you broke it down into weeks and the total amount to save. At the end of the year, we should be able to have a substantial amount saved up!

    Thank you for sharing this with your readers! I always enjoy reading your posts and periodically I stop by to see what you’ve been up to :)

    Sincerely,

    Ruthie
    Ruthie Turner recently posted…6 Things to see at The Saturday Morning Market in Downtown St. Pete, FLMy Profile

Powered by Lagniappe Custom Development
123 Flares Twitter 18 Facebook 2 Pin It Share 34 Google+ 2 StumbleUpon 67 LinkedIn 0 Reddit 0 Buffer 0 Email -- Filament.io 123 Flares ×