Now that a brand new year has started, this is the time where many people typically decide to improve their personal finances as part of their New Year’s resolutions. One popular savings challenge that has been attempted for many years is the classic 52 week money challenge:
Week 1: Save $1
Week 2: Save $2
Week 10: Save $10
Week 30: Save $30
Week 52: Save $52
By the end of the year, you would have saved an extra $1,378.
While I think this is a great way to get started on your savings, I’m not the biggest fan of this particular challenge because why settle for $1.3k when you can save far more?
How about joining me on a 12-month transformation instead to transform your finances? I promise to keep it easy for you to follow. (The relevant links are tagged for your additional reading.)