Want a really easy way to save at least £1,000 this year? The 52 week challenge

I’m taking the 52-Week Money Challenge, which gets a lot of interest online at this time of year.

This can be one of your New Year’s Resolutions!

cropped-cash_pic11.jpg

It’s very straightforward. You simply start by saving £5 in the first seven days in January (so, five days to go!) and you build up the savings by saving a larger or smaller amounts each seven days over the 52 weeks.  You can start with £52 the first week and then work down to £1 by December, when the festive season means money is a lot tighter.  I find the summer and autumn are best to do the bigger saving amounts.  The most you would have to put away in any week is £40, everything is less than that.

The variety in the saving pattern means that you can build up in a way that suits you!

To make it something everyone can take part in, why not make it a joint family goal.  Would be great to get comments on the tips for saving the amounts each week

… I’ve opened a ‘jam jar’ account with my local church Money Club…for my shoes and handbag fund … ssh, don’t tell hubby!

Here’s one way to do this weekly saving that makes it all a bit easier:

 

Week Number Dates         Weekly Amount Monthly Amount Saved So Far
1 1-7 Jan £5
2 8-14 Jan £4
3 15 – 21 Jan £3
4 22 – 28 Jan £2 £14
5 29Jan -4Feb £1 £15
6 5 – 11 Feb £10
7 12 – 18 Feb £9
8 19 – 25 Feb £8 £28
9 26Feb-4Mar £7 £49
10 5 – 11 Mar £6
11 12 – 18 Mar £20
12 19 – 25 Mar £19 £52
13 26Mar-1Apr £18 £112
14 2 – 8 Apr £17
15 9 – 15 Apr £16
16 16 – 22 Apr £15 £66
17 23 – 29 Apr £14 £174
18 30Apr-6May £13
19 7 – 13 May £12
20 14-20May £11 £50
21 21 – 27 May £30
22 28May-3Jun £29 £269
23 4 – 10 Jun £27
24 11 – 17 Jun £28 £114
25 18 – 24 Jun £26
26 25Jun – 1Jul £25 £375
27 2 – 8 Jul £24
28 9 – 15 Jul £23 £98
29 16 – 22 Jul £22
30 23 – 29 Jul £21
31 30Jul- 5Aug £35 £500
32 6 – 12 Aug £25 £103
33 13 – 19 Aug £25
34 20 – 26 Aug £25
35 27Aug-2Sep £25 £600
36 3 – 9 Sep £25 £100
37 10 – 16 Sep £25
38 17 – 23 Sep £25
39 24 – 30 Sep £25 £700
40 1 – 7 Oct £25 £100
41 8 – 14 Oct £40
42 15 – 21 Oct £39
43 22 – 28 Oct £38
44 29Oct-4Nov £37 £154 £879
45 5 – 11 Nov £36
46 12 – 18 Nov £35
47 19 – 25 Nov £20
48 26Nov-2Dec £10 £101 £980
49 3 – 9 Dec £10
50 10 – 16 Dec £5
51 17 – 23 Dec £5
52 24 – 31 Dec £5 £25 £1,005!

If you get your money once a month, the monthly saving target is also given to make it easier for you to keep a check on how you are progressing!

TOTAL: however frequently you save, it’s over £1,000 – simples!!

Try it out and let us know how you get on! Join me and let’s see how much we can all save in 2014…

Onwards and Upwards!

Advertisements

What's your view? Go ahead, leave a comment!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s