It was last year when I started doing my 52 weeks money challenge. After I read a blog post about saving money weekly for the whole year, I immediately tried and see it for myself. I’m so happy by then because it really works for me. I used the money I saved and put into another savings/investment. Doing this kind of trick, you can probably buy new gadget or have a vacation somewhere. You can also build up emergency funds, retirement fund or investment funds if you want to.
The 52 week money saving challenge is certainly a great way to save at the start of the year. And to get you started with this challenge here are a few items that you need.
• A goal.
• A savings bank.
As I’ve said, I started my 52 weeks money challenge since last year. So here’s my quick DIY piggy bank for this challenge. I find my nephew’s old piggy bank and cover it with the template which I downloaded on the internet. You can use a plastic container, a bottle, coin bank, piggy bank, a jar or anything in shape as long as you can keep safe your savings. I prefer a covered one though so I won’t see the money stack in there and count how much I already saved. When in fact I even know how much money I kept by just looking at the template. LOL
This challenge has an existing template that you can print out and tape in your savings bank. However, I have two things to offer. Its up to you which way is more convenient or much likely doable on your part. Well I guess, depends on the budget and income isn’t it?
Basically, the left side of the photo is the original pattern of this challenge. (More doable to those who are working). And for those who are just starting to save and trying hard to make savings a habit and to those who are not yet earning (student). Template on the right is a better way to start for you.
• As you proceed with the saving up process, you can crash out weeks that you already fulfilled. This is like crashing out dates in your calendar. This will make you feel giddy inside.
• If there are months that you are paid more than your usual salary, Let’s say for instance getting half of your 13th month pay, tax refund or bonus, you could do advance savings. You can deposit more in order to cover the other weeks.
If you have a trouble saving 50php per week, try it out first with 10php per week. You need to have a concrete plan for saving. As what they say, goals have to be SMART (Specific, Measurable, Achievable, Relevant and Time bound).
Imagine being able to save as much as 68,900Php or 13,820.00Php for the whole year. That is enough for a brand new laptop and more than enough for a brand new phone. Perhaps you can buy both, a phone and a laptop. I’m thinking of buying an iMac to be used in blogging or better yet put my money into an investment as what I did last year. Whatever rocks your boat; I am sure the amount will be able to help you achieve what you wanted.
Here’s the golden rule: “Do not touch this.” Since you know just how much you already saved, do not be tempted to get or even borrow from here. You may also open up another bank account for this purpose alone. Again, do not get money from here.
I hope this would get you pump up to save for the year. This is also a better way to start 2015. So start saving! Let’s do the 52 week money saving challenge today.