Friday, January 6, 2017

52 WEEK MONEY CHALLENGE

GOAL: SAVE $1378 IN ONE YEAR
    
Save money easily with the 52 Week Challenge! Simply save $1 in Week 1, $2 in Week 2, and so on - adding $1 extra each week to your savings. After 52 weeks of saving, you will have $1378! You can use a glass jar for saving, or set up a separate bank account to transfer money into each week (then you'll also earn interest). Want to start the challenge, but it's not the beginning of the year? No problem! Just save the current total, then continue with the weekly deposit amounts as listed below. 
    
    
BANK SLOT LID INSERT
Transform regular mouth mason jars into money banks! Simply replace the seal from a regular mouth mason jar with the bank slot lid insert. Decorate your jar/s with paint, glitter, stickers etc. Glue paper over the insert for extra decoration if you like. Pinterest has lots of great ideas, and these money jars make great gifts (and make your year of saving extra special, especially if you are saving towards something).
"Money Challenge"
"Savings"
"Girls just wanna have funds"
"Don't follow your dreams - chase them"
"Money can't buy happiness but it can buy ..."
"Lucky Pennies"
"Mum's Pamper Fund"
"Shoe Fund"
"Loose Change"
"Jar Fund"
"Tip Jar"
"Rainy Day"
"Name" (decorate jars with a favourite colour, add initials, etc)
"My Stache" or "Hands off my Stache" (add a moustache to the jar)
"Laundry Money"
"Holiday Fund"
    
  
 
52 WEEK MONEY CHALLENGE ALTERNATIVE #1: REVERSE SAVINGS
Find it easier to save more at the beginning of the year? Save $52 in Week 1, $51 in Week 2, and so on - reducing the amount saved each week by $1 by following the chart below.
 
52 WEEK MONEY CHALLENGE ALTERNATIVE #2: MID-YEAR SAVINGS
Find it tricky to save at the beginning and end of the year? Start off with small savings, building up to the larger amounts in the middle of the year, then reducing payments to the end of the year - follow the chart below
   
52 WEEK MONEY CHALLENGE ALTERNATIVE #3: MONTHLY AUTO-TRANSFERS
Paid monthly? Save monthly! $115 per month = $1380 saved (plus interest, if you are transfering into a bank account).

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