the 52 week Money Saving Challenge. According to the creator, every year he does this to save up on something really nice at the end of the year. This could be buying a new gadget or having a vacationsomewhere. You can also build up your emergency fund or retirement fund from here.
The 52 week money saving challenge is certainly a great way to save this year. After all, you are compounding the money in different intervals making it simple and cost effective. To get you started with this challenge here are a few items that you need.
• A goal. This will keep you motivated to save and save. Simply imagine getting your most coveted gadget by the end of the year. Or perhaps buying gifts for your family and friends. Simply pick an item that you normally don’t splurge. From there, break it down in terms of your weekly amount to save. Thinking of the item I would want to buy made me giggle and happy. I simply can’t wait to get started.
• A piggy bank. The original poster has a clear bottle where he puts the money. I prefer a covered one though so I won’t see the money stack in there and count how much I already saved. You can use a plastic container, a bottle, a jar or just about anything. This will be called a grownup piggy bank.
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