52 Week Money Challenge Great Way To Start Saving ~ forex trading hours thanksgiving
The concept of the 52 week money challenge is simple. Just follow the chart and set aside the same amount as the number of the week during the year. There will always be 52 weeks in a year, therefore in week 1, set aside $1, week 2 set aside $2. Just keep adding a dollar every week and at the end of the year, you will be $1378 richer!
Coming to the end of 2013, one of my friend introduced this concept of the 52 week money challenge to me. I thought to myself "Yes i will do it!" I will put the money in and start to save every week in office. True enough, I did so for some weeks but as weeks gone by, it suddenly seemed increasingly challenging to find small change of the odd dollar to continue with this saving. So i abruptly stopped.
Today is week 18, and for some reason, this saving method came to my mind again. I am actually quite mad at myself for giving up so easily. I realise why i did not follow up with this challenge. Therefore i decided to print out this chart and stick to the wall beside my desk. The next step was to look at the chart, scroll through to week 18, it says $171 then go to my online banking account, transfer this amount to my OCBC 360 savings account. Ok set! Done! Next week is week 19, so i will just require to transfer $19.
As some wise men said. "Its not about how much you save, its about cultivating the habit."
. Update 2016
To save the hassle of looking for the exact amount of change to be deposited, i have set up a recurring transfer of $26.50 every week, which would add up to the amount of $1,378 at the end of the year as well.
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