Yusra3
VIP Contributor
The 52 Week Savings Challenge is a great way to stay motivated and make progress with your savings goals. It's also a great way to get in touch with your inner nerd!
Here are some tips on how to do the challenge:
1. Pick A Goal. It could be anything buying a house, saving for retirement, or just getting yourself out of debt. The important thing is that you have a specific end-date in mind for your challenge. Once you've decided what you want to accomplish, write it down in your phone or computer calendar. The next step is making sure you stick with it until the end!
2. Set up an automatic transfer from your bank account into an account dedicated exclusively for saving money. This should happen once every week (or whatever interval works best for you). If this feels overwhelming at first, try setting up an automatic transfer once a month instead. it'll give you time to adjust as needed before moving forward again. That's what we did when we started out!
3. Make sure all other expenses are paid first no matter how small or insignificant they seem at first glance.
Here are some tips on how to do the challenge:
1. Pick A Goal. It could be anything buying a house, saving for retirement, or just getting yourself out of debt. The important thing is that you have a specific end-date in mind for your challenge. Once you've decided what you want to accomplish, write it down in your phone or computer calendar. The next step is making sure you stick with it until the end!
2. Set up an automatic transfer from your bank account into an account dedicated exclusively for saving money. This should happen once every week (or whatever interval works best for you). If this feels overwhelming at first, try setting up an automatic transfer once a month instead. it'll give you time to adjust as needed before moving forward again. That's what we did when we started out!
3. Make sure all other expenses are paid first no matter how small or insignificant they seem at first glance.
