Join The 52 Week Savings Challenge!

[MoneyTips4U]

This is a fantastic idea! I am really hoping to be able to save $5,000 in the next year. That pans out to $96.15 per week.

I will round up to $100 per week and go from there. $5000 sounds like a lot, but $100 isn't so much. So little by little! Here we go

Thanks for the awesome idea!

[coffee]

Here is my goal (I have employment until mid august and hopefully some sub teaching for the fall). I have some savings and I do invest. a little in some mutual funds. But my goal starting next month is 5 oz of silver a month and a 100 a month into the franklin income fund for the rest of the yr.

[workinabroad]

I started with a group at the start of the year. Just wanted another place to post. Oh, I'm trying to double it.

[stina]

I'm in! I'd love to do the top goal every week, but it's hard. I am so bad at saving and we live pay check to pay check, and I support my sister, but the idea of having an emergency fund (or even just having 20 in the bank that I dont need to worry about directing it to somewhere every week) sounds so amazing.

[ginene]

Im in. I have been doing it at work and ready to do it on line too.

[mrpaseo]

Alright, so I am going to doing this but running six 52 week challenges at the same time.

I am going to be saving the .01, .05, .10, .25, .50 and the 1.00 where I save all these in coins NOT paper. I am thinking six glass jars where I will put the required coinage in week after week. The first jar will have all cents, the second jar all nickles, the third jar all dimes, the forth jar all quarters, the fifth jar all half dollars and the sixth jar all dollar coins.

The end result will be $2,631.98 after the 52 weeks. I'm not concerned about the coins because I usually save them up, roll them and turn them in once a year.

I want to find six glass containers that can hold the coin weight, and a location to put them so they are not knocked over (By my cats) and not seen by anyone that might want to help themselves to some spare change.

I'm going to start a thread as requested and further elaborate on my plan.

[Kinny78]

I saved $40k so far this year!

[kingwillard1980]

I love this idea of saving money. Instead of keeping my money in a jar in the house i have mine going into my Smartypig account gaining 1% interest. I know its not alot but anything helps.

[ReiMichiko]

Im in. Im starting right now.

[Riverbendgirl]

Hi! I just joined your forum because I want to participate in the 52 week challenge. I hope to start at the first of the year. Your forum looks like it will give support and ideas to be successful. I plan on making numerous changes with our finances and I can't wait to see how this goes for me. I will start my own thread Jan 1. Is their anything else I need to know?
Thanks,
Riverbendgirl

[PauletteGoddard]

This'll be a major challenge, but if I get even more than halfway to $1378 maintaining what I did last year, that'd be a success. Mostly looking forward to learning and sharing new ideas. Does reduction of interest paid on debt count as savings?

[jeffrey]

This'll be a major challenge, but if I get even more than halfway to $1378 maintaining what I did last year, that'd be a success. Mostly looking forward to learning and sharing new ideas. Does reduction of interest paid on debt count as savings?

Anything counts as long as you take that savings and place it into a savings account. If you actually place it into your challenge account, it counts. If you don't, it doesn't.

[jeffrey]

Hi! I just joined your forum because I want to participate in the 52 week challenge. I hope to start at the first of the year. Your forum looks like it will give support and ideas to be successful. I plan on making numerous changes with our finances and I can't wait to see how this goes for me. I will start my own thread Jan 1. Is their anything else I need to know?
Thanks,
Riverbendgirl

Nothing additional that you need to know if you understand the concept. This area will be a good resource if you have any questions along the way. I will also be doing this challenge on the main blog this year mainly to give ideas on ways that you can save that you might not have thought about. Good luck with the challenge!

[creditcardfree]

I look forward to following your blog on this topic this year, Jeffrey!

[jeffrey]

I look forward to following your blog on this topic this year, Jeffrey!

I hope it will be a good way for everyone doing the challenge to share their successes and help each other stay motivated throughout the year.