Home trending How Does the 52-Week Money Challenge Work? What You Need to Know

How Does the 52-Week Money Challenge Work? What You Need to Know

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If there’s one thing we can all agree on, it’s the fact that being in quarantine has saved us a ton of money. Fewer coffee runs and impromptu happy hours means more cash in your pocket (well, assuming that you’re not indulging yourself on Amazon every day). But what if we told you there’s a creative and effective way to boost the amount of money in your savings account? 

You can make the 52-week challenge your own.

People have found creative ways to alter this challenge in a way that best suits them, although totals may vary (depending on personal goals). For example, there’s the constant method, where you can save $26.50 each week. And then there’s the odd/even savings method, where you can start by saving all the odd amounts first, then the even amounts. 

You’d start with $1, $3, $5, and so forth until you reach $51. Then, you’d continue by saving the even amounts, starting with $2, $4, $6, and so on. 

Another interesting method that people have tried is alternating. In this case, you’d alternate between the highest and the lowest savings amounts until you gradually get to the middle. So for instance, you’d save $1 in the first week, $52 in the second week, $2 in the third week, $51 in the fourth, and so on.

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Source: istock images

If you want to make it more exciting and fun, there’s also the random draw method. You can either do it the old-fashioned way and draw a written number from a hat, or use an online generator that gives you a new number each week.  

While these approaches are definitely creative, it might be difficult to keep track of your progress because they’re a bit more complicated. However, all of them can be quite effective in helping you reach your savings goal.

Source : https://www.distractify.com/p/how-does-52-week-money-challenge-work