This Business News Story Was Uncovered By Us From: https://www.youngadultmoney.com/52-week-money-challenge-spreadsheet-and-printable/
This exclusive trade related news report, was selected specifically by Marcus lee, who is one of our undercover online business news reporters – will provide you more insight in how these points of discussion could be translated into your own business ventures.
Have you heard of the 52 Week Money Challenge?
It’s an easy way to save over $1,000 in one year. $1,378 to be exact.
The 52 Week Money Challenge is realistic for anyone because it doesn’t require the same amount of money to be saved each week. That’s because over the course of 52 weeks you save as little as $1 and, at most, $52.
Let’s take a more detailed look at how the 52 Week Money Challenge works, and some alternative ways of doing the challenge.
How the 52 Week Money Challenge Works
The 52 Week Money Challenge is simple. Over the course of 52 weeks, you make a deposit into your savings account once a week. The deposits range in value from $1 to $52.
One way people do this is deposit $1 the first week, $2 the second week, $3 the third week, and so on. At the end of 52 weeks the deposits total $1,378.
Another way to do this is vary the payments. Perhaps you deposit $52 the first week, $1 the second week, $51 the third week, and so on. This works well when there are busy times, like Christmas, where money is tighter, or if you have an unexpected expense that sets you back.
Being able to adjust your weekly contribution as needed is an added layer of flexibility to the challenge, but not everyone takes that approach. It can be easier to just stick with increasing your contribution each week by $1. W… Read More
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