As a parent, grandparent or guardian, it is imperative that we save money and it is also imperative to teach our children at a young age about saving money, so when they are older, they will continue to put money on the side for their future. It may also give the idea for them to save their birthday money, etc for the bigger things they may want later on. I believe kids will find the following 365 day Money Saving Challenge easy to follow.
My husband and I started giving our granddaughter the change we had and taught her how to put it in her piggy bank, now when she’s here, she asks if she has any money for her bank. 🙂 My sister (her great aunt) is doing the same thing at her house. LOL It’s fun, but I want to start saving for her education that I know she will need help with, as well as our retirement, an emergency fund and money for us to have fun!
Towards the end of last year I found a chart for a 52 week money saving challenge and the other day on Pinterest I found a 365 day money saving challenge, so I thought I’d share both with my awesome readers. Here’s a super easy way to save at least $658 this year starting with just a penny (the 365 day money saving challenge)! OR if you would like to go bigger, you can save up to $1,287 this year starting with $1 (the 52 week money saving challenge).
365 Day Challenge Chart
Now we are 3 months (89 days) into 2017, and unless you have $41.86 to catch up, lets start at $1.05 today (that’s a 2 week catch up), If you want to save for different things, just get separate jars and put $1.05 into each jar! Now the trick is to increase your penny amount each day by a penny. So tomorrow add $.15 and the following day add $.16.
52 Week Challenge Chart
To start saving with the 52 week challenge, you would need to SAVE $1.00 a week and then add another with each passing week until you end up with $1,287 at the end of the year! We are 13 weeks into 2017, and unless you have $91 to catch up, lets start with $6 today (that equals to 3 weeks catch up). Next week you would add $7 and the following week you would add $8 and so on until you reach the last week of the year.
If you are doing the 365 day savings challenge, the most you will put in your jar on the last day of the year is $3.65 tallying your total saved to around $658! Now if you are doing the 52 week savings challenge, the most you will put in your jar on the last day of the year is $52 tallying your total saved to around $1,287! Either one sounds great to me! LOL I think I will do 2 and 2 and see what happens 🙂 You can also do these plans backwards meaning in reverse order meaning you would start at day 365 or week 52.
I want to save for our Retirement and for Christmas, so I am going to start with $6 in each jar = $12. For Christmas savings, my last amount in would be week 46 which would probably give me a total of about $820. Saving for my granddaughter and my husband’s and my fun fund, I will start at $1.05 each = $2.10. So that means I will have $14.10 saved so far!
Why not share the charts and get the entire family and or friends involved! Just right click the photo and save, or print.
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