52 Week Money Saving Challenge
What would you do with an extra $1,378 in your bank account? You could take a vacation, build an emergency fund, or buy 1,368 lottery tickets! Ok…Scratch that.
There’s a super easy way to increase your savings by $1,378 before the end of the year with little effort involved! It’s the 52 Week Money Saving Challenge!
The concept is simple. Start by putting away $1.00 in the jar the first week, and then increase your savings by a dollar a week throughout the year. So, save $2.00 in Week 2, then $3.00 in Week 3, and so on, until you’re stashing away $52.00 in the last week. At the end of the year, you should have $1,378!
Energy Ogre COO, Laura Thornquist shares some tips on how to get started in the video below.
Unlike other ways to save, getting started with the 52 Week Money Saving Challenge isn’t too intimidating. Almost anyone with a job or income can start saving $1.00 per week. And then slowly move to $2.00, then $3.00 and so on.
Worried about setting aside $52.00 during Christmas? You can also reverse the challenge starting with the highest amount and working your way down. (Week #1: $52.00, Week #2: $51.00, Week #3: $50.00, etc.)
Feel free to change up the amounts any way you like to make it work for YOU. At the end of the day, savings is savings.
It’s never too late to start. If you are reading this after the beginning of the year, We challenge you to play catch up by doubling the 52 week Money Challenge saving amount. Alternatively, you can start the challenge whenever, and end it a year later. The possibilities are endless!
Not an Energy Ogre member yet? Visit our free Savings Calculator to see if we can help you save even MORE this year.