Start Your Year Right With The 52 Week Reverse Savings Plan To Help You Save
The 52-week saving challenge is great, but you can also try the 52 week reverse savings plan money challenge or incremental savings plan, with the extra help of a printable template, to get started, too!
Every year, one of the top New Year’s Resolutions for many people is to save money. Saving money is a great goal! However, if you don’t have a savings plan in place, this New Year Resolution is bound to fail.
The 52-week challenge is the best method and a better way to start a new savings plan or set aside money without having a tight budget.
All you need to do is make a weekly deposit in an increasing amount of dollar amounts the first week and every following week through the course of the year. You’ll end up with so much money to meet any savings goal or long-term goal.
You don’t have to wait until the beginning of the year or the first week of January to start this 52-week savings plan or 52 week money saving challenge. As long as you keep it up for the entire year, it’s still a great time to start and is an effective way to fill your piggy bank with extra cash and meet your financial goals.
All you need to start is a few extra dollars and after the 52nd week of a full 52-week period you might be able to put a down payment on the new car you are looking at.
Some people even use it as a Christmas Club account of sorts, where they can save all year and then use that money for Christmas and then you don’t feel broke and stressed in January. If that’s not a great motivator, I don’t know what is.
We’ve all struggled to save money in our lives. Have you ever heard of the 52-week money challenge?
What Is The 52 Week Challenge?
The Traditional 52-Week Savings Challenge is designed to help you start saving by increasing the weekly amount of money you save every seven days. You’ll start off with a small transfer on the first week of the challenge by saving $1, and for the second week, you’ll increase to $2, and you keep on with higher amounts.
Starting off slowly and continuing to grow your savings account throughout the year is made easier by doing it this way.
Once you complete and reach the end of the challenge at end of the year, you’ll have saved a final balance and total amount of $1378! You can add the extra money to your savings accounts, emergency fund, or use it for the holidays and Christmas presents, or even reward yourself with a vacation!
However, there is also the reverse method or Reverse Savings Plan. Some people get money for the holidays or an end of the year bonus and may like to use that money to kick start savings. So, the reverse savings plan may work better for you!
I think the hardest part for a lot of people when doing the money savings challenge is remembering to set aside the money. A good idea is to set up weekly notifications.
Another good way is to set up automatic transfers or automatic deposits to your bank account, checking account, emergency savings, or savings accounts.
You might also like: How To Start Saving Money Now
To help you get started with this different version or second version, I have created a free 52 Week Reverse Savings Plan printable version for you! Just click the image below to download and print it now.
You can print it and place it in your fridge, table, mirror, — somewhere you can easily see it!
Anyway you decide to start saving – the most important thing is just START. You can’t make a “dent” until you START. So, just do it! 🙂 Good Luck!
You might also like: How To Recover Financially From The Holidays!
With the 52 Week Reverse Savings Plan, you’ll be amazed at what you can accomplish once you set your mind to it. Knowing you’ve actually done it will feel great, too!
Do you have an easy, fun way to start saving? Have you ever tried the 52 Week Reverse Savings Plan? Leave a comment below sharing your ideas.