We have decided in 2016 we are going to participate in the 52 week savings challenge. We budget (or at least try to) anyway but feel like this could be a nice way to save an extra almost $1400.00 for the year.
To find out all about the challenge and how it works click here, but basically for each week of the year you are setting aside that amount of money, for example week one is $1, week two is $2 and so on. There are many articles online saying that it should actually be done opposite, as in save $52 the first week and work your way backwards but we have decided for us it is best to start small and build our savings up.
I can see why people have suggested beginning with the larger amount as just before Christmas it may be difficult to set aside $200 for the entire month of Decemeber and this is true, however for us right now it is actually harder to find that money following the festive season.
Anyway week one is here, I have a pretty jar set aside and a list next to it for us to check off so we don’t miss a week. So far all we have is $1 but I’m excited!
Are you doing anything differently this year? I would love to hear about it!