Saturday, December 28, 2013
52 Week Challenge
Everybody wants to do better for this upcoming year! Many are starting early to get fiscally in shape! I hear lots of buzz about the 52 week Challenge and I'm getting SUPER excited!
How do you like this challenge! I'm LOVING it! Start small! Many of us have difficulty just getting started! Well now you only need $1 to get started! Watch that $1 turn into over $1300 by the end of the year! Who wouldn't want to try this? Get ready! For the first week in January, you only need to deposit $1! ONE DOLLAR! YEAH! You can do that! Next week, you only need $2! Whatever week you are in, is the amount of money you would deposit for that week! In that 52nd week, VOILA! You will have saved ALOT!
Some of you may want to deposit differently. Well let's look at this method! How many of you get paid bi-weekly! Here's your schedule! Follow it with ease!
I've also seen others participate in the 52 week challenge yet they put a little twist to it! I'm loving it! Instead of starting with $1, they start with $52! So this way, as the weeks approach, you are depositing smaller amounts yet your savings is still growing! U like this idea?
You even have some folks that really make it more fun and exciting! What else can one do, you may ask! The 52 wk challenge itself if interesting. Then you can make it applicable even if you get pd 2x a month! To add excitement, instead of starting with $1, you can start with $52. I thought that was the epitome of all the excitement! When did saving money become SO fun! Well, one more option is waiting for your approval! What about this----write $1 to $52 on different slips of paper. So, now you have $1 on a slip of paper, $2 on a slip of paper, $3 on a slip of paper, and so forth until you get to the last scrap of paper via writing $52. Then each week, you randomly pull one of those pieces of paper, and that's the amount you deposit for that week! WOOOOWWWWWWWWWWWWWWWWWWWW! How ya like THAT option!
For those of you that are saying, "I'm really liking this 52 wk challenge and I would love to save over $1000 in one year but I'm not sure I can do it...", Well, I've got a trick up my sleeve for you! Saving the amount of money equal to the week number isn't for you? It's OK! Starting in reverse doesn't even have a chance? Don't have time to write on 52 pieces of paper, find something to put the paper in, copy the chart, find a highlighter, etc? Well, here's your answer, FOLKS! All you need to do to participate in the 52 week challenge is .......SAVE $26.50 PER WEEK! Yep, that's all you will need to do and you will come to the same result as following the other options! Well how can that be? It's simple. $1378 divided by 52 is equal to $26.50. So you deposit the SAME amount for 52 weeks STRAIGHT! How simple is that! Voila! You're a winner with some CASH at the end of the year!
Well I can't wait to hear how well you are doing with this challenge! Be sure to let us all know. We are all eager to see how others are doing and which method works best for you. So, let's get a GREAT start for 2014 and get fiscally FIT!
Labels:
$1,
2014,
52 week Challenge,
deposit,
dollars,
finances,
fiscally fit,
money,
savings
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