Family budgeting can be tricky at the best of times, what with all the costs you have to cover. Then you’ve got family occasions throughout the year such as Back to School, Birthdays and Christmas to cover.
To help, we have created a 52 Week Savings Challenge so you can gradually put away some cash to help!
Will You Take the 52 Week Savings Challenge?
Putting a little aside each week is a good way to save as you can usually budget a bit out of that week.
Our 52 Week Savings Challenge starts off small, builds up in the middle, then tapers off again – we had Christmas in mind if you are starting this in January, but you can start at any time.
As you work your way through the 52 weeks, you’ll really start to feel good about the nest egg you’re building up and setting aside. And it really goes to show how saving just a euro/pound/dollar or two each week can really add up!
Tips for Saving Your Weekly Money
- Use a jar to collect coins to add to your weekly saving goal
- Make a trip every month to deposit the 4 weeks you have saved up in a savings account that you don’t access regularly, this will help keep you motivated to keep the savings going.
- Don’t be tempted to dip into your savings, you’ll sabotage your goal
- Set aside your weekly saving money first before you go shopping, that way you won’t be tempted to spend it.
About the Author: Jill Holtz
