How to Save Money: 52 Week Money Challenge



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I can’t think of a more important personal finance topic than savings. Savings is the single most important subject in your personal finance arsenal. Most of us should know that it takes money to make money, so we need to ask ourselves, what plan can we put in place to help us reach our savings goals.

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My life motto is, “if you don’t have a plan, you plan to fail.” The answer, The 52 Week Challenge. The 52 Week Challenge is a really simple savings plan that anyone should be able to do and end up with just under $1400 dollars by the end of the year. You start by saving just $1 dollar the first week.

The next week, save $2. The third week, save $3…and so on, and so forth. These may seem like small amounts of money to begin with but they add up to quite the fortune by the end of the year. The 52 Week Challenge is a great way to start or add to your emergency fund or save for something special.

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