Sunday, September 4, 2016

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My 52 Week Money Challenge Experience


You must gain control over your money or the lack of it will forever control you 
                                                                                                        ~Dave Ramsey

With minimalism and the commitment to save, I am proud to say that I'm well on my way to achieve my goal with the 52 week money challenge. I'm not going to pretend that it was easy because I almost almost gave up. I'm glad that I didn't and it can be done. I know what it's like to not have enough, so to be able to achieve this is a really good feeling. 

I first found out about this challenge a few years ago but I didn't participate because of the way my paycheck was set up. Fast forward to late 2015, I came across it again and I decided to give it a try. Even though I was late with the challenge I was impressed with how much I saved. So when 2016 came around I was ready so save some more coins. 

What is the 52 week money challenge? It's a financial challenge to help you save money. Sounds pretty simple right? There are 52 weeks in a year and with each week you add the dollar amount for that week. For example... 

Week 1: Save $1
Week 2: Save $2
Week 3: Save $3

And so on until you reach week 52 and you will have $1,378.00 saved by the end of the year. 

This may not be a life saving amount for most people. However, it's a huge deal for someone like me who lives paycheck to paycheck. I've saved money before but I was never actively saving. What I love most about this challenge is that it kept me in the habit of saving. It can get a little challenging because of the holidays that is coming up. That's where you have to deposit the most money. Y'all know how it gets during the "most wonderful time" of the year. 


Earlier I mentioned how I almost gave up and here's what I did to keep it going. I knew I can commit to saving but on a weekly basis... Nah. In the beginning of the challenge I was doing fine but I had to re-evaluate. Weekly just wasn't working for me. So instead of weekly, I did it monthly and I got the results that I was looking for.

For example: Weeks 32, 33, 34, and 35 adds up to $134. I saved up that amount and went about my business not having to worry about the rest of the weeks. When the next month came around, I repeated the process until the goal was achieved. Everyone's lifestyle is different so I just switched it up to my liking.


I used a chart that I printed out to check off as I go. I also added a few words of encouragement so that I don't easily give up. It's nothing fancy but I made it mines. Shame on me for thinking that it wouldn't GROW.


This "clueless" post is dedicated to those who are new to saving and those who think they can't save. There are so many options to saving money, just research and find what works best for you. 


6 comments:

  1. Hi. I just discovered your blog and am looking for ways to save money as well and came across this channel. I have a question for you in regards to this challenge: How did you know you were saving money each day? What did you go by?

    Also, what other tips do you recommend to save money, especially as a broke college student?

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    Replies
    1. Hello,

      I will to my best to answer. As for the first part of your ?, I did it on a monthly basis not daily and used the chart as my guide.

      Everyone's lifestyle is different and these tips can be applied to anyone looking to save. Below are a few of what I did to help me.

      -Eat in more and I've reduced my meat consumption. Here's a link to some of my meatless dishes http://www.cluelesscurl.com/search/label/meatless%20dish

      -No cable/internet I use FREE Wi-Fi or use my phone's personal hotspot

      -Never had a gym membership. I go to the park or do at home

      -DIY's I'm a huge fan of doing it myself http://www.cluelesscurl.com/search/label/DIY

      The list goes on and on. Some people are not willing to make sacrifices but I've developed a QUALITY over quantity mindset and I share this journey here http://www.cluelesscurl.com/2015/05/my-journey-to-minimalist-life.html

      Hope that helps and thanks for stopping by.

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  2. What a creative way to start saving!

    Do you think you'll be redoing or continuing this challenge in the future?

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    Replies
    1. Yes I will continue it. Will you be joining? Thanks for stopping by!

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    2. I know I answered you already on Twitter, Maggi, but yes, I think I will.

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