52 Week Savings Challenge amended

Amended Savings Challenge
@saundyl (9783)
Canada
May 11, 2020 10:56am CST
Years ago I started the 52 Week Savings Challenge. Which, I'm sure most are aware of how that works. I still do the challenge, but I have since modified it and just consider it my Christmas Savings. I have altered it to be a savigns of double the week number for the first 26 weeks and then decrease back down towards Christmas. That way my higher amounts are in the summer and not when I am trying to do my Christmas shopping . I start off the Year with week 1 Saving $2, then $4, $6 all the way up to $52. At Week 27 I repeat the previous week of $52 and go down from there each week to $50, $48, $46. I've attached an image with a sample of this year By Doing it this way I put away $1404 for Christmas shopping or Travel. Through out the year if I have extra change o have and $75 monthly are also put it into the jar or savings account to add a surplus savings. My final goal is to have $2304 saved towards Christmas.
3 people like this
3 responses
@mnglsp (3614)
• Philippines
11 May 20
Wow. This is a great way to save money, but this is indeed a challenge.
2 people like this
@saundyl (9783)
• Canada
11 May 20
sometimes the challenge is to actually remember to put the money aside!
1 person likes this
@GardenGerty (160642)
• United States
11 May 20
That is very well thought out. I hope by this next Christmas we are back able to travel. Good discipline to do this.
1 person likes this
@saundyl (9783)
• Canada
12 May 20
That would be so nice. We didnt see my family at all last Christmas... and this coming one is my family's year to be together.
• Agra, India
11 May 20
That sounds great. I'm happy you are successful if doing this
1 person likes this
@saundyl (9783)
• Canada
11 May 20
Past years it has made for a more "debt free" christmas. We still charge presents to the credit card but the savings makes it so i can pay it right away and not accumulate interest.