Ok, so a few days ago I posted my $20 challenge to save money. This is my personal way that I save money through out the year for big ticket items and our emergency fund, as disclosed in my recent blog post Don’t Budget Your Money, “Bucket” Your Money. I challenge you to do the same.
On the same note, I wanted to showcase another challenge if the $20 challenge wasn’t aggressive enough for you. You don’t want to run the 5k, your a marathon runner. Ok well let’s take it up a notch. How about we save the same amount of money as you were doing in the $20 challenge, but let’s do it in half the time with this fun little exercise!
Instead of 52 weeks to save $1000, we will do the same thing in 26 weeks and here is how.
We will start by depositing $26 into an account in week one. For each following week, we will add a whopping $1 to the deposit amount each week until we reach our 26 week mark. At 26 weeks, you will have collected over $1000. Pretty amazing huh?
This is a fun way to up your game each week as you progress to your goal at week 26 of $1001. It’s just another way to keep things fun and interesting as you make it to your goal.[Read More…]