Thursday 10 January 2013

52 Week Money Challenge

I've seen this photo circling facebook quite a few times and I was intrigued. Since one of my Day Zero Goals is to have $500 in a savings account, I talked it over with my boyfriend and we decided to go ahead and do it.

The 'Amount' column shows the total you will have in your account each week!

Every week you deposit (or put it in a piggy bank) the same amount of money that the week number is, make sense? For example, the first week of the year you put in $1, the second week of the year you put in two dollars... The last week of the year you put in $52! At the end of the year you end up with a total of $1,378!

I'm planning on using this money for Christmas shopping so I'm going to stop at week 48 and I will have $1,176. I'll have plenty of money for Christmas plus a little extra to use for groceries and donating!

The best part is at week 31 I will have JUST under $500 and have one of my Day Zero Goals completed!

3 comments:

  1. I love this!!!! Thanks!! What an easy way to wean yourself into saving!

    Dawn

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  2. my bf and i are starting today, but we putting in 10 for the 4 weeks we missed. thanks!!

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