Collins Community Credit Union

The Triple CU Scoop - 52 Week Savings Challenge

Published on Dec 29, 2014

It’s that time of year again to make that cliché list of New Year’s resolutions. I’ll admit I’m guilty of creating lists that just end up in the bottom of a drawer. According to Forbes, only 8% of people achieve their New Year’s resolutions. And how do they do it? Well, they keep their resolutions simple, make them tangible, make them obvious and believe they can do it.

So, this year, instead of writing down my resolution on paper, I’m going to blog about it. My resolution for 2015 is to save more money; $1,400 to be exact. This resolution is simple, tangible and obvious. And, I’m hoping that blogging about my progress will keep me accountable. Click here to print out a worksheet to track your progress.

Now, I’m sure you’ve seen the 52 week savings challenge that’s been going around on social media, and it seems easy enough, right? Well, I’m going to give it a try and I encourage you to join me!

The premise is simple; you start off by putting one dollar into savings for week one, two dollars in week two, and so on. During the last week of the year, week 52, you’ll deposit $52 into your account, which will give you a grand total of $1,378 in your savings account.

Now, I know what you’re thinking… I set my goal at $1,400 and the savings challenge only adds up to $1,378. Well, I’m putting in $22 out of my Christmas money to make it an even $1,400.

I set up my goal in Money Meter and I've created a recurring calendar reminder in Outlook to transfer money into savings; I’m ready to watch my money grow! Let’s take the 52 week savings challenge together, tell me about your goals and progress in the comments below!

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