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Author Topic: 52-Week Money Challenge  (Read 31235 times)

trishevil

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52-Week Money Challenge
« on: January 07, 2013, 02:12:18 pm »

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Hi fellow moms! I just read this online and started my 2013 savings plan based on the 52-Week Money Challenge. For those who haven't heard of this, this is how it works:

There are 52 weeks in a year. So each week you deposit the number of the week that we are in your savings account. For example for the 1st week of 2013, so you will deposit $1.00 into your savings account. Next week will be Week 2, so you will deposit $2, and so on. The biggest amount you will deposit is $52.00 and that will be on the very last week of 2013. You can also do this starting from $52 going down to $1. Since we our currency is peso, I decided to use $1 = P50. By the end of the year, you'll have $1,378 or P68,900 (if you decide on using $1=P50).

I decided to start with $52 going down. So as of today, I have P2,600 saved up in my account.

What about you mommies?

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« Last Edit: October 06, 2019, 06:13:31 pm by Parentchat Admin »
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Mrs. Anderson

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Re: 52-Week Money Challenge
« Reply #1 on: January 07, 2013, 02:52:55 pm »

This is actually a good idea! You are saving gradually.
Although starting from the smallest amount would be more feasible for me and would motivate me more.
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iamkiara

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Re: 52-Week Money Challenge
« Reply #2 on: January 07, 2013, 02:59:43 pm »

wow sis okay ito ha.. matry nga rin  ;)
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trishevil

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Re: 52-Week Money Challenge
« Reply #3 on: January 07, 2013, 03:09:21 pm »

Disclaimer lang po: Hindi ko po original na idea yan. Nabasa ko lang po sa mga blogs ang 52 week money challenge.

I decided to start on the biggest amount kasi pagdating ng end of the year, dun mas lumalaki ang gastos ko. So whichever works for us best, pwede natin gawin. May monthly savings goal rin ako besides the 52 week Money Challenge. Ang aim ko kasi talaga is P100,000 before the year ends.

 
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laivalenzuela

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Re: 52-Week Money Challenge
« Reply #4 on: January 07, 2013, 07:27:33 pm »

Ma try nga ito sis sa amin ng anak ko
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laivalenzuela

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Re: 52-Week Money Challenge
« Reply #5 on: January 07, 2013, 09:27:42 pm »

@trishevil : $52 ka nag start sis how much yun?  :o
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trishevil

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Re: 52-Week Money Challenge
« Reply #6 on: January 08, 2013, 10:16:48 am »

^sis using the rate $1=P50, P2,600 ang starting ko. for week 2, P2,550 naman.
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chubbycheeks

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Re: 52-Week Money Challenge
« Reply #7 on: January 08, 2013, 01:39:28 pm »

^^any other tips on how to do this challenge? interested ako dito. :)

trishevil

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Re: 52-Week Money Challenge
« Reply #8 on: January 08, 2013, 01:54:07 pm »

tip ko siguro, since may weekly goal ka to set aside a certain amount, maba-budget mo every week on how much you should spend para makapagdeposit ka. Ang ginawa ko kasi, i treat the weekly savings as an obligation rather than an option. So ngayon nalilimit ko ang expenditures para ma-ensure ko lang na ma-meet ko ang weekly goal ko.
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je_anne

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Re: 52-Week Money Challenge
« Reply #9 on: January 08, 2013, 04:22:45 pm »

I'm joining this challenge. Thanks sis for posting. Since I'm late ng 1 week, 150 na hulog ko sa alkansya ko.
« Last Edit: January 08, 2013, 04:41:04 pm by je_anne »
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trishevil

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Re: 52-Week Money Challenge
« Reply #10 on: January 08, 2013, 04:55:39 pm »

^Your welcome sis! I actually posted this kasi I find it useful sa mga mommies like us kaya I wanted to share it. Plus, we can support and motivate each other para masunod at maaccomplish ang mission na ito. Let this be one of our goals for 2013.
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iamkiara

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Re: 52-Week Money Challenge
« Reply #11 on: January 08, 2013, 05:44:46 pm »

hindi ko kaya ang 50, hehe..kaya gumawa ako ng table na for Php20. ibang approach ang gagawin ko since every pay day ako maghuhulog ang gagawin ko yung week 1 and week 52 ang pagsasamahin ko na hihuhulog sa bank atleast kahit pano may interest parin  :) this payday ang hihuhulog ko ay 20+1040 = 1060.  :) tas next payday week 2 and week 51 and so on.. sana magawa ko.. hehe in 52 weeks ang masasve ko is 27,560.. Sana matapos ko ito.. praying  ;)
« Last Edit: January 08, 2013, 05:46:59 pm by iamkiara »
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trishevil

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Re: 52-Week Money Challenge
« Reply #12 on: January 08, 2013, 05:53:10 pm »

^sige sis! Keep it up! Let us support (and remind) each other para magawa natin ang challenge na ito.
« Last Edit: January 08, 2013, 05:56:53 pm by trishevil »
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je_anne

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Re: 52-Week Money Challenge
« Reply #13 on: January 08, 2013, 06:03:50 pm »

^tama dapat imotivate natin isa't isa and iremind. Kasi minsan sa sobrang busy natin, baka makalimutan natin gawin.
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mommyonsale

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Re: 52-Week Money Challenge
« Reply #14 on: January 08, 2013, 06:08:25 pm »

Ako sis ang Ginawa ko 1000 a week.. So may 4000 ako a month sn magcontinue depende pa s week... January p lang sn diredirecho n
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