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2014 52 Week Money Challenge

December 4th, 2013 at 02:26 am

I'm sure many of you read about the money challenge from the beginning of the year where you save the amount based on the week you are on. For example, if u are on week 1, you save $1 and if you are on week $15 you save $15. If you are consistent, at the year of the year you will have $1378. Well I've decided to start now instead of waiting until 1 Jan. The main reason is because like before, I will be using part of the funds to pay for Christmas 2014 and I figured now would be the perfect time.

I plan on reaching goal by doing things like coming in under budget, saving my $1 bills again, selling stuff on Ebay, etc... I will not use any of my cc bonuses that I have coming towards this particular goal but they will go towards by overall 2014 snowflake total once I decide what that goal will be. I've already created line items in YNAB to help me keep track.

Anyone care to join me in saving over $1300 for the next 52 weeks?

15 Responses to “2014 52 Week Money Challenge”

  1. creditcardfree Says:
    1386161918

    Yes, I will join you. Not sure if I will start now or in January. I think I'll put my 52 week money in my Capital One account.

  2. beawealthywarrior Says:
    1386163948

    The main reason I'm starting now is that I have it before Christmas and you're only talking about $4. Have u thought about what you're going to use the money for?

  3. creditcardfree Says:
    1386167045

    True only $4. That is what I need to think about....what that money is for. A car for my daughter, just more savings, Christmas fund...then all the snowflakes could go to the mortgage. Smile Got to have a plan.

  4. beawealthywarrior Says:
    1386177059

    @CCF, I must have had a mind dump because if everyone started now it would be $10 for 4 weeks in Dec not $4. Basically you're saving the amount based on what week you are on. Example, week 1 save $1, week 2 save $2, week 3 save $3 and the end of week three you will have $6.

  5. creditcardfree Says:
    1386181492

    And apparently, I didn't stop to do the math either! Oops. I think I already have $10 sitting around the house somewhere, so lets say I've started and December is covered. What to do with it will come later!

    I know some people on the forums are saving different amounts at different times. Maybe the got extra money in their paycheck so they save $18 even though it is week 9, or save $37 on week 17. As long as they save one of the weeks numbers sometime during the year.

  6. beawealthywarrior Says:
    1386188627

    @CCF, there are different ways of going about it. I will probably jump around as well as snowflakes come in. Its funny you mentioned it but one of my bills came in $12 under budget today and I used that to mark off weeks 1-4 Smile

  7. Kiki Says:
    1386195297

    I'm game. Hope someone will prod me to remember!

  8. ThriftoRama Says:
    1386428605

    I'm in. Do you put the money in a piggy bank, transfer it to a special account? How do you keep track of it?

  9. beawealthywarrior Says:
    1386429370

    @Thrifty

    I do both because I save my $1 bills and coins but I learned from doing this last year that I will now make monthly deposits of any cash to avoid temptation Smile

  10. ROXY1976 Says:
    1386867659

    I'm starting too!

  11. beawealthywarrior Says:
    1386868003

    Welcome Roxy! I figured it would be easier to start now since I will be using part of it to fund Christmas 2014. Hopefully I will complete the challenge early again like this year Smile

  12. myrajames Says:
    1386958244

    Myrajames says I will be starting today dec 13th and will do the hold month of January, and some weeks I plan on putting in double the amount when I have extra money. I love the plan.

  13. beawealthywarrior Says:
    1386960739

    Welcome Myra!

  14. wowitsawonderfullife Says:
    1388034882

    I'm still transferring my smoking money at 24 bucks per week to my savings account.

  15. crazyliblady Says:
    1388114012

    Yes, I will join you, but start on Jan 3rd.

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