52 WEEK SAVINGS CHALLENGE – SAVE OVER £1,000 EASILY
Whether you are saving for next Christmas or saving for a special holiday, whatever the reason, this 52 week savings challenge will show you just how easy it is to reach your goal.
It’s a simple and realistic way to save regularly without too much pressure. It can work for anyone, whatever your budget.
An extra £1,000 in a lump sum is a fantastic amount which could help you to pay for so many things. Just imagine how you will feel once you’ve saved it.
Don’t worry if this sounds unachievable, I’m going to show you exactly how to reach it easily. All you need to do is commit to following these steps!
The great thing about this challenge is you can start with a tiny amount and build up. Once you get into the saving mindset and see your sum growing, it becomes easier to stay on track.
You can start this at any time throughout the year. It doesn’t have to be at the beginning of the year. This means if you want to give it a go, you can start this week!
This is a weekly savings plan and it’s great to see how you are doing through the 52 weeks, so it’s a good idea to track your progress. If you don’t already have one, a budget planner will help you to keep on track and ensure you hit your goal.
How the 52 Week Savings Challenge Works
It’s a simple challenge and works like this:
- Week 1 – Save £1
- Week 2 – Save £2
- Week 3 – Save £3
Do you get the idea?
So, on Week 25, you will save £25.
As you can see, as the weeks progress, the amount you save that week increases. Don’t panic, there are lots of things you can do to keep you on track. Here are some ideas to help you keep going with the challenge, even if you feel you can’t.
Cut Back On Your Outgoings
There are many ways that you can cut your expenses. A simple way is to stop shopping but if you don’t know how, don’t worry, i’ve written a post to help you out which you can read here.
Also, my post “What are the Best Ways to Save Money” will give you over 50 ideas that you can start straight away!
Related: The 10 Best Money Saving Apps and Sites
Earn Extra Money
Introducing a side hustle to add to savings is a brilliant way to keep you on track and may even help you to excede your goal of £1,000.
Related: Make an Extra £100 This Week
You can make £30-£40 extra this week by doing a free trial with matched bettting. It won’t cost you anything to start and you can stop after the free trial, or if you would like to earn more, continue to earn more, as I did.
For more money making ideas, read 27 Ways to Make Money from Home in the UK. These are my favourite tried and tested ways to make extra money and will certainly keep you on track!
So what are you waiting for. You can start this today for 52 weeks and make a change that may actually be long-lasting. You’ve got nothing to lose and even if you do go off track (which of course you won’t!) then you’ll still have more money saved than if you had never tried!
If you do the challenge exactly, you will be £1378 better off in 52 weeks time.
I would love to know how you get on!
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