Wednesday, January 09, 2013

52 Week Money Saving Challenge

A friend on Facebook posted this challenge. I thought it was a great idea and we have decided to give it a try.  I already have a jar in my baking cabinet for change so I decide to use another jar for this challenge. 
 
 
The first week was only a dollar so that was the easiest part of this challenge.  As it progresses that is when it will take some planning.
 
 
Currently the plan is to use part of my babysitting money.  I haven't crunched all the numbers yet as this week we will be getting our first paycheck with the new tax increase and yearly insurance increase.  Most likely it will come from the grocery/eating out budget. 
 
Here is a copy of the chart the if you decide to do this.  Some people suggested doing the challenge backwards since the end of year brings many expenses with Christmas shopping. 
 

Let me know if this is something you decide to do.  Maybe we can encourage each other.

May your day be filled with joy and contentment!

17 comments:

Tracy said...

I love the idea as well! Although either I'd have to combine two weeks worth or take twice as long to save up since my husband only gets paid twice a month. I do like the idea of going backwards too, this way the saving will get easier as you go forward and that's not just good for end of year expenses but for when the enthusiasm for it starts to wane a bit.

Sandra said...

I'm thinking of doing this as well, have that list saved on my computer since last week, but haven't done anything yet.

Love the jar idea instead of depositing into the bank :)

LynnMarie said...

WOW, this would be so cool. Since Hubby is retired, he gets a monthy check and I get paid every other week, so this would have to be adjusted a bit but I just may join you. Thanks for the idea.

*carrie* said...

That's so neat--I hadn't heard of that before!

donna www.merryheartcrafts.com said...

This is a great idea and so simple. I love it. I pray you have success doing it. Keep us updated. Enjoy your day and God bless.

Amber said...

Hmmm... Very interesting. Never heard of this before. But it would be a good way to save up some cash!

angie said...

It may be neat to explore ways in which you saved x amount of money each of the weeks. For example, this week was easy, but on week 20 how did you sock away an extra $20? Good luck on this endeavor. Any ideas on how you will use the ~$1300 at the end of 2013?

Jill said...

What a neat idea for savings! I may have to try this too. Have a wonderful new year, I wish you all the best!

Blessings,
Jill

Rhonda said...

I looked at that one but changed mine a bit. I am saving for Christmas 2013 and plan to add at least $10 a week. It should be about $500 by then.

Mary Ann said...

I think this is a great idea! And a hefty amount of cash can be saved doing this.

I agree with Angie about how you are able to save the money each week and what creative things you do throughout the year to accomplish your goal. I love reading blog posts about things like this!

Linds said...

What a great idea!

Debra said...

I love this idea. I had been thinking about putting aside $50 a pay period for Christmas which would be roughly about the same amount but I like this idea- it's kind of like a game for me. :) I am definitely in!

Blackberry brambles said...

Windy, this is a great idea I do think I will try this.... also thank you so much for your visit and I will be glad when the rain stops have a good night in your household :)

Blackberry brambles said...

Windy, this is a great idea I do think I will try this.... also thank you so much for your visit and I will be glad when the rain stops have a good night in your household :)

Lynette Peete said...

This would also be a great way to save up for buying Christmas presents each year.

The Red Tipped Raven said...

I could do this but stop around Thanksgiving because the holidays get expensive and then the money could be used for Christmas.

Rhonda said...

My husband gets paid 2x a month. I think I will alternate - first, week 52, 2nd week - week one and so on.