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Save money with the 12 months savings challenge

Postby augusta » 09 Nov 2022, 06:39

12 month savings challenge is all about saving a dollar each week it increases by another dollar. I e if you are starting with a dollar then another week you increase it to 2 dollars upper week,you are increasing it to $3 and you continue like that still the 52nd week. The good thing is that this challenge is doable if you have the interest for it
and it gives one plenty of time to save up cash. You have your choice though to choose and save a certain amount of money per week that you like but add a dollar to the initial amount every other week.

What do you think about this money saving method, will you be trying it out?
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Re: Save money with the 12 months savings challenge

Postby Shavkat » 10 Nov 2022, 09:09

It is a brilliant idea but I cannot do this for the year 2022. I am greatly affected by this pandemic. Since I found a new job online, I can do this as my New Year Resolution next year.
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Re: Save money with the 12 months savings challenge

Postby peachpurple » 10 Nov 2022, 09:41

I saved $7;a week, $21 in a month. I had been saving this way for 4 years already since i started to have a full time job
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Re: Save money with the 12 months savings challenge

Postby nela13 » 10 Nov 2022, 10:43

I know some people who do this kind of saving, it is a simple and easy way to save but by the end of the year it gets harder and harder as the amount to save is bigger.
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Re: Save money with the 12 months savings challenge

Postby augusta » 10 Nov 2022, 11:52

peachpurple wrote:I saved $7;a week, $21 in a month. I had been saving this way for 4 years already since i started to have a full time job


You are ok the right track, I just started this year and I'm enjoying it already will continue next year too.
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