52 - WEEK MONEY CHALLENGE.


As I always say, I'm not a financial professional, but I enjoy saving money and making sure things run smoothly in our household with regards to our finances. I love the challenge and I love to see other people/families winning too. That is why this topic is of a great interest to me on my blog. It's truly my lifestyle, so on today's post, I'm sharing an easy money saving challenge to help you start on a path of financial freedom one challenge at a time.


I know it's so hard to save, but it is doable and I have been doing it for years. Just because saving 10-20% of your income is hard for you, it doesn't mean you can't save at all. You can and every cent saved counts.


52-WEEK MONEY CHALLENGE:


Have you ever heard of the 52-week money challenge? Yes it's a thing and it can be done anywhere in the world. It was created by Kassondra Perry-Moreland.  The 52-week money challenge is easy and can be customized any way you want. If saving $1 in the first week, is too small, increase the amount to fit your budget and do the same for the subsequent weeks as well. It's totally ok as long as you follow the 52-week calendar. 


For anyone who finds it hard to save money using the traditional way, this one is for you! Ideally 10-20% of your income should go into savings, but not everyone can do that, so this is a great alternative. It's so important to save, and it should be a priority for everyone. I don't know about you, but the current pandemic taught me great lessons about the importance of planning for the unplanned. Read the blog post HERE.


Below is a picture of how the 52 - week money challenge calendar looks like. It's very straight forward.  The promise is simple, follow the schedule and you will save $1,378 by the end of the challenge. Do this for several years and you'll have yourself a hefty emergency fund, and a peace of mind. Imagine the possibilities if you increase the weekly amount? You will be able to save even more and be on your way to financial freedom, even sooner!


I do not own this chart, it's only for visual example.


LAST STITCH EFFORT:


I am not the one to give up on myself or people easily, if the 52 -  week money challenge is still out of your reach, you can still do something. You can save as little as $15/week (it works out to be about $2.15/day, which is way less than a meal at a fast food restaurant). A little is better than nothing. 


If you plan to save daily you might forget, so the best way to keep on top of these challenges is to set up automatic withdraw at the bank, either weekly, biweekly or monthly for the total amount. Preferably on Pay day, so the money can be debited to savings right away.


$15/week X 52 weeks = $780.00 per a year. It's better than nothing...you can start here and increase the amount as your financial situation improves.


If you have been struggling to get your finances in order, and you are ready for a change, below are some books you can read to change your mindset about your money and your spending habits. They are all available on AMAZON.



SHOP MY FAVOURITE FINANCIAL FREEDOM RESOURCE BOOKS:



I hope this helps, and if you have any questions reach out to me and I'll be more than happy to help anyway I can.


Medaase (Thank you) and until next time, S.M.I.L.E!


S - See

M - Miracles

I - In

L - Life

E - Everyday


XX

EMELIA




5 comments

  1. Wow,that was the best information ever thanks.

    ReplyDelete
  2. Thanks for sharing! Ive always wanted to do this but never started!

    ReplyDelete
  3. Thanks for sharing! This is something I’ve always wanted to do but never started!

    ReplyDelete