52-Week Money Challenge Details – Money Saving Tips for 2020

How much money will you have at the end of the 52-week challenge?

If you follow this program for a year, you end up with $ 1,378. However, you don’t have to stop here. When you’re ready to save even more, you should increase from week to week.

Um, why should I do this to myself?

Aside from becoming more economical, if you are so good at saving money, it will likely give you a big boost of ego. You also get bragging rights on Instagram like this:

How can I save so much money?

We could go on and on about the tiny adjustments that can lead to serious savings but include our responsibilities fall in love with DIY and cook at home. And tell your friends about your decision. Even though meeting for dinner or drinks might be part of your typical social routine, Anat says that it will give you more support and open new conversations if you bring them to your goal.

Another effective way to hack the system is to Check the dollar amounts in any order. If it is more practical to lose $ 52 before December next, do it. Make yourself responsible by setting reminders on your calendar to deposit your savings at the same time each week. If your bank allows you to nickname your account, follow Anat’s method of giving it a fun title, such as the “Beyoncé World Tour Fund”.

And be sure to reward yourself for the whole year. “Set up checkpoints for celebrations on the go!” says Anat. “We often forget to do habits for ourselves for fun. For example, if you make it by the 30th of the month and have made all four deposits that month, treat yourself to something you love Not Cost money – you can watch a YouTube series or turn off your phone for a night without guilt and take a long bath. “

Anat also recommends grabbing a responsible partner orsomeone who can take part in the challenge with you. They serve as a support system and sounding board when budgeting and savings become difficult.

Is it the same as the $ 5 challenge?

No. Another online challenge is to save any $ 5 bills you come across. And that’s not a bad idea! This is the 52-week savings challenge from the blog Collect dreamsThis will save you $ 5,000 by the end of the year.

Not sure if you want to commit to a one-year program? For January, Anat has partnered with Evernote to host the #EverBetterChallenge. Your goal is to save $ 219 to start 2019. You can join in while she shares Tips and lessons on Instagram.

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