By the end of the year, you will be looking at a total savings of r 780. The 52 week savings challenge is quite simply really and the way it works is that you start by saving r10 in the first week, r20 in the second week, r30 in the third, and so forth. Download this free 52 week money challenge, specifically aimed to help kids learn the value of saving, earning and hard work. The first challenge will spread the savings out throughout the year. Your 52 week savings challenge the 52week savings challenge is an excellent way to slowly grow your commitment to saving providing you with a very achievable way to save close to r14,000 in one year. Or, if you prefer, start your own customized money saving challenge that meets your budget and schedule either way, its 100% free. This will be the page where we keep track, remind, and encourage others to stick with this challenge and learn to save. Some people find it too difficult to save during the holidays so they prefer to work the program in reverse. The 52 weeks savings challenge for 2019 take charge of.
The 52week savings plan was conceived in north america, so the original concept will not be very practical here in south africa given our weaker currency. Some experts suggest taking on the 52 week money challenge in reverse. A savings plan which did the rounds on social media earlier this year, could work to help bolster savings, say financial planners. Download one of these 52week savings planners and get saving. Register take a peak at the 2019 52 week money challenge. Money saving challenge printables morning motivated mom. It wasnt that hard at all and the money i put aside was able to completely pay for christmas this year all the gifts for kids, our family, and their teachers, a new tree, some decorations, and even dinners out during the busy december season. This will help you achieve your goals with ease and increase your motivation. The idea is you save the amount of money each week for the number of the week. Basically you start of with r1 and increase that by r1 for each week that goes by, eg. Using a money saving challenge to get better at my money management is one of the best money saving tips ive heard. The 52 week savings challenge is a fun weekly challenge to help you save over r,000 over the course of a year. The 52week savings challenge is an excellent way to slowly grow your commitment to saving, which is something that doesnt come naturally to us all.
Using the 52week money challenge, you should deposit an increasing amount of money each week for one year. The 52week savings challenge is an excellent way to slowly grow your commitment to saving providing you with a very achievable way to save close to r14. Match each week s savings amount with the number of the week in your challenge. I have created a few 52 week money saving challenge printables that change up how much you save each week. This new 52week money saving challenge will have you saving even more money and it is broken down by week. Once you are satisfied with your weekly savings chart, click on the print view button for a printer. You continue saving r10 multiplied by the number of that week until you reach week 52, the last week of the year, where you have to save r520 for that week. This money will be great for christmas, vacation, or whatever you would like to reward yourself with. Save r10 multiplied by the number of week until you reach week number 52, the last week of the year where youll have to deposit r520. Weve heard from so many of you who have had great success with our 12month money saving challenge so we wanted to introduce a new one. This time, my husband and i are thinking of doing the 200 increment in order to save 275,600 or the 500 increment in order to save 689,000. Use the form below to customize your weekly savings chart for any date range. Click here to download your money savings challenge pdf 52 week money saving challenge using pennies 52 week penny saving challenge.
In other words, a 52 week money saving challenge is more than enough time to ensure that a savings habit is truly formed. Lets take a more detailed look at how the 52 week money challenge works, and some alternative ways of doing the challenge. The best 52 week money challenge printable 2019 sammyc. This is one of the most popular money saving challenges on the internet. There isnt enough space on a mobile device to display the entire chart. Every week you saveput away a certain amount of money. The week thereafter, ending on the 14 th of february, is week six, this means you have to deposit r60 next week. The 52 week money challenge is an incremental savings plan that will help you save money throughout the year. While we all recognize the importance of saving money, it can be hard to fit it in when your budget is already stretched thin. That way, youll end up just needing to save a few bucks a week during those expensive holiday months. And lets be honest, trying to find a dollar here or there when starting out is easy. The 52 week money challenge printable 2019 will help you achieve your financial goals. The first week of february is week number five this means you have to deposit r50 this week. Picture a goal in your mind for what you want to use the money for when the 52 week savings plan 2019 is over.
At the end of the 52 week period youll have r1 378. All you need is a bank account and a little extra willpower. The 52 week savings plan starts off with individuals putting away r10 in the first week. The premise behind the 52 week money saving challenge is simple. How the 52 week money challenge works the 52 week money challenge is simple. The free savings challenge freebie includes all three savings challenges i created three different types so that literally anyone can have a savings plan to use no matter what their financial situation. This is a saving program that aims at cultivating a saving culture among kenyans through the easy to use mshwari service.
Download the 52 week savings challenge progress tracker here. It gets even more aggressive the very last week but youre at the home stretch, you can do it. Heres how the 52 week money saving challenge works, and how you can adapt it to meet your personal savings goals. See more ideas about money saving challenge, money challenge and 52 week savings. Download your free 52 week savings challenge pdf here note. Handpick the 52 week money saving challenge for you. You can find them under the 52 week money challenge tab at the top of this page. In a lot of ways, the 52 week money challenge is similar to a game of yahtzee. The 52 week savings challenge take charge of your money. I have both forward and backward templates for the biweekly one. Over the course of 52 weeks, you make a deposit into your savings account once a week.
You reporter shanaaz prince explains the 52week savings plan. Register now and join others in the 2019 52 week money challenge. This makes it easier for you as the saving amount increases gradually. Following this challenge provides south africans with a realistic and achievable way to save money, even in our tough economy and at the leanest times of year. They then have to increase the amount they put away in subsequent weeks by r10. In the traditional challenge one would save r10 in the first week, r20 in the second, r30 in the third and so on until you get to r500 in week 50, r510 in week 51 and r520 in week 52. There are 52 weeks in the year with a dollar amount corresponding to all 52 weeks. The first thing you need to do is download the free savings printable to follow along with the challenge. This easytofollow savings plan helped me save up for my dream. Its such a great idea to have a choice of 30 day, monthly, or 52 week money saving challenges and having free printable templates and worksheets makes it.