This year, one of my goal is to challenge myself to save money and be frugal. I know that if I do this in the long run it will benefit me and my family. One of the Savings Challenge that I want to do is the 52 Week Savings Plan. I saw this first from one of my friend and I immediately got interested. If you will look at the chart below, you can see that it’s something realistic. Unlike other money savings plan with this Savings Challenge you only have to save little amount each week and after 52 weeks you’ll have $1378!
The concept of 52 Week Savings Plan is very simple, you just have to save and deposit the amount that corresponds to the number of the week into your account. What I love about this plan is it’s not intimidating and even kids especially teens can do this. By saving small amounts, at the end of the challenge, you’ll have extra money.