52 Week Money Challenge

lisaxcx23

Hi everyone,




Saw the post on Facebook as well so am doing the challenge.


So far I have saved
Week 1-£1
Week 2 -£2
Week 3-£3


Also I stick coppers and 5p's in the jar so not quite sure how much I have in there but with the weekly challenge I'm up to £6.




The extra money will defo come in useful as think my car will need a lot of work in August.




Hope everyone is doing well with the challenge.

datlex

I did this challenge in 2014. Am doing it again this year. I am combining it with another challenge I saw on facebook "pennies for the day of the year" For that you put aside the number of pennies for the day of the year- 1p day 1, 2p day 2, 52p day 52, 365p day 365. (gets £667.95) This year it gets you (£671.61 as it is a leap year). The combined total is £2049.61

murphy306

Money_Minx wrote: »

You always need money near Christmas - so I will do this challenge but the other way around. Week one 5/1 I saved £52 - Week 2 12/1 I saved £51 and so on down to £1.

52/1378 (1326)
51/1378 (1275)

Funny a friend of mine is doing this one this year for a change, sounds good

Smed

Money_Minx wrote: »

You always need money near Christmas - so I will do this challenge but the other way around. Week one 5/1 I saved £52 - Week 2 12/1 I saved £51 and so on down to £1.

52/1378 (1326)
51/1378 (1275)

Same started last week with the £1 52 week challenge in reverse. Two benefits that I see., (1) Maximizing compound interest and (2) starting with a amount that I can afford which reduces every week so I can stay the course. So far £52 saved.

I know the opening post says £1 but it doesn't have to be £1. It could be any amount. By way of an example it could be 10p, week 1 10p, week 2 20p, week 3 30p all the way to week 52 £5.20.

Ladykernow

I'm up for this challenge too!