52-Week Savings Challenge

This simple savings plan went viral last year on Facebook, I have never seen anything like it and decided to give it a try come January 2014. The 52-Week Money Challenge have been started by Kassondra Perry-Moreland, in her Facebook group and why she started it.

“I am a single parent, and I have worked at my job for 22 years. I just worked 53 hours alone in this payperiod and do this all of the time. I decided that this is the year that I will have something to show for working all of those hours instead of just bills left over at the end of the year.I work better if I am held accountable, even in my personal life, so I decided to see how many of my friends would be honest and say they needed help with a structured savings plan, and even if they don’t would they help me. I had no idea that it wold turn into what it has in just the last two hours."

The budget plan looks easy on the first few months but I think I can make it till December. A large number of people want to save but are dealing with the reality of tight budgets. It's pretty simple, beginning with Week #1, the saving will be $28 but it all depends on you. If you find yourself with extra cash, add it to the pot and you will end up with more than the $1378 total by the end of December.

You can do it backwards too so you start with the $52 and work your way down to $1 by the time the holidays roll around, you will be putting the finishing touches on your savings rather than the bulk payments.

Another way to do it is to put aside $50 out every week, in other words or $200/month into your savings box or container.

There are plenty of ways for a painless way to save money for a year. We may not save a lot of money but this amount, no matter how much can help us for the Christmas season.

I am going to try it and hope you do the same too. Starting is easy, finishing is the challenge. So good luck to us.