We just read about this fantastic idea and we have decided to take part. We thought that since most people need a little help saving money that it would be a fun thing to bring to our The Clever Couple community. What are we talking about?
It’s the 52 Week Saving Challenge
This idea comes from Kassondra Moreland and we first heard about it on Facebook here. Essentially it is a simple savings plan where you set aside a certain amount of money each week. At the end of the year (52 weeks) you will have saved $1378.00. While not allowing any of us to achieve financial freedom, $1378 is a nice tidy sum to have set aside. You may choose to use it to buy your holiday gifts, take a vacation, replace an aging appliance at home, catch up on some back bills, etc. It will be up to you how you spend the money!
Since we are joining in on the challenge in the 3rd week of January we are going to make the deposit for week 1, 2 and 3. That is a total of $6. (Some people are working the challenge backwards, starting at week 52 now so that during December they will only have to deposit $10. If this option sounds better to you, go for it!).
On Kassondra’s 52 Week Saving Challenge Facebook group you can see others that are saving and join in the chat about this simple program. We are also going to remind ourselves (and you) once a week to make those deposits. It’s going to be fun to see the balance grow!
You can watch a short video a news station ran about the program here
So will you join us? Can you get together $6 to deposit into a separate bank account this week and hop on board the savings challenge?
Sounds like a really doable plan ! I’m on board.