Saturday, 4 January 2014

52 Week Money Saving Challenge


This year I really want to save more money so I've decided to take part in a 52 Week Money Saving Challenge. I've tried spending bans before and for me they just don't work so I'm giving this a whirl instead.

Basically the idea of the challenge is that you put away the same amount of money as the number of the week you're in i.e. this is week 1 so I will be putting away £1 and so on until you get to the end of December where I will be putting away £52.

At the end of the challenge the total should be £1378 (providing I don't dip into it, or give up half way through!)

I've found a printout (on this website) that I'm going to use as a guide so I put the right amount away each week, and so I don't forget!

If anyone fancies joining me in this challenge then feel free to tweet me at @ImpatienceBlog or leave a comment below. I'll keep you updated on my progress as the weeks go by.

Wish me luck!



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14 comments:

  1. Ooh good idea! I might have to try this :)

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  2. This is such a good idea, quite tempted to give this a try now :-)
    Lauren xx

    beautyfashionlauren.blogspot.co.uk

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  3. This is a fantastic idea! I think I will challenge myself to save a little each week & see how much I have come the end of the year. Thanks for sharing.
    http://www.letstalkbeauty.co.uk/

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  4. This is a cute idea! I normally put a set amount away each month as soon as I get paid otherwise I'd spend it ha.

    Katie xxx
    Beauty and the Baker

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  5. One of my cousin's is doing this - i'd do it but our savings automatically come out of account each month and we just throw in extra to our savings as and when we can anyways.

    Good luck!

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  6. this is such a good idea hun, i think i may have to read a little about this too! looking forward to reading how your progress goes :) x

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  7. I'm doing this as well but I'm thinking about doing it backwards so that I put more money in now whilst I have it rather than when I have to be buying all the presents (: x

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  8. This is such a good idea - I've even linked it in my loving this week post scheduled for tomorrow! Such a simple and affordable way to save up - something which I DEFINITELY need to start doing!!

    Chels | HumbleHonesty.com | YouTube

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  9. This is a really good idea as I think spending bans are so hard to stick to because you know you're not allowed to spend any money which makes you want to spend it even more!

    Becky @ The Little Blog of Beauty

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  10. Thanks for all your support guys! Much appreciated! If you fancy joining in just send me a tweet and i'll create a hash tag for our challenge! xx

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  11. I've been tempted to try this for ages. It's a shame I now live in my overdraft so it wouldn't make much difference! Good luck :)

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  12. It's a great idea! I think I will take part! It's now week 4, I just discovered your blog now... So I have to save 10... so what should I do to take part, is it for ourselves or is it featured somewhere, our progress? Great idea! denisesplanet com

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    1. Hi, you don't really need to do anything to take part, I'm just saving the right amount into my ISA each week and then I'm going to do a monthly update in the form of a blog post and see how far I get with the challenge. Good luck! Leave me a link to your post if you decide to blog about it!

      Holly x

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