Speaking of "challenging" have you heard of the "52 Week Money Challenge?" If you haven't - read on.
The Challenge is a painless concept which literally makes every penny count. For each week in the year you tuck away the corresponding amount of money. For instance, for Week One you put away $1, Week Two = $2, Week Three = $3 and when you reach Week 52, you put in $52. By the end of the year you will have created a nice little fund worth $1, 378.00.
The fun thing is you can mix it up a bit. Perhaps you wish to double your contributions, or maybe you prefer to halve them. Some folks even prefer to do it "backwards" so that the biggest contributions are at the beginning. No matter what, by the end you will saved a significant amount of money without missing it.
The Challenge is also a great way to teach your children about saving and not taking money for granted. You know those empty bottles that were being tossed in the biweekly recycle bins because no-one ever found the time to turn them in for a refund - POOF! - way more room in your recycling bins now! POOF! Finally you can fit your travel mugs in your vehicle cup holders, no more coins clogging them up. And how about your coat pockets? Notice there is no jingling sounds anymore?
Designate your "piggy bank" and start now! Sure, Week One is long gone, but the Challenge is such that it is very easy to catch-up. Happy Savings!
Piggy Bank Image courtesy of nokhoog_buchachon / FreeDigitalPhotos.net
