The 52-Week Money Challenge: What Is It And Should You Try It?

This challenge can be used to build your emergency fund, to save for a big purchase like a home, or maybe it’s for a nice family vacation.

What is the 52-Week Money Challenge?

The 52-week money challenge is a year-long challenge to help you save money. The idea is that you will deposit an increasing amount of money each week into your savings account until you reach a specific financial goal. 

How much money do you save in the 52-week challenge?

If you are sticking with the traditional 52-week challenge and consistently saving, by the last week you’ll have saved $1,378! And this is starting off by saving just $1 in your first week.

Who Should Try The 52-Week Money Challenge?

The 52-week savings challenge is perfect for anyone who is looking to save more cash and start to develop better financial habits. 

Advantages of 52-Week Money Challenge

The main advantage of taking on the 52-week money challenge is that you’ll slowly be building momentum and saving more every week.

Disadvantages of 52-Week Money Challenge

The main disadvantage is that if you’re not prepared, you may find it difficult to set aside money every week.

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