Well, the year 2020 did not really go the way we expect it to be.
If anything, it took our subtle wish of being able to ‘work from home’ a little too far.
On a side note, the combination of boxers and shirt is actually quite comfortable. Just sayin’.
New Year’s Resolution 2021
Hopefully, this doesn’t happen.
As we count down to kick-start a new year, let us brace ourselves for all the “new year, new me” posts flooding our social media feed.
Here’s the thing.
A new year does not necessarily equate to a “NEW YOU” unless you challenge yourself to do something differently.
With that, here’s a list of 52-week challenges that you can pick up!
Well, you can increase your savings by going through the usual route of trying to save more with the help of a high-yield savings account.
You can also attempt to stretch that a bit more with the help of insurance savings plans.
But nothing beats the satisfaction of checking something off a to-do list.
Seedly 52-Week Money Saving Challenge
The 52-week money saving challenge can help you save $1,378 or more by the end of the year!
Here’s how it works:
- During the first week of the year, save $1
- During the second week, save $2
- The third week, $3
Continue this habit till the end of the year where you end off with $52 on week 52.
| Week | Deposit | Total Balance |
|---|---|---|
| 1 | $1 | $1 |
| 2 | $2 | $3 |
| 3 | $3 | $6 |
| 4 | $4 | $10 |
| 5 | $5 | $15 |
| 6 | $6 | $21 |
| 7 | $7 | $28 |
| 8 | $8 | $36 |
| 9 | $9 | $45 |
| 10 | $10 | $55 |
| 11 | $11 | $66 |
| 12 | $12 | $78 |
| 13 | $13 | $91 |
| 14 | $14 | $105 |
| 15 | $15 | $120 |
| 16 | $16 | $136 |
| 17 | $17 | $153 |
| 18 | $18 | $171 |
| 19 | $19 | $190 |
| 20 | $20 | $210 |
| 21 | $21 | $231 |
| 22 | $22 | $253 |
| 23 | $23 | $276 |
| 24 | $24 | $300 |
| 25 | $25 | $325 |
| 26 | $26 | $351 |
| 27 | $27 | $378 |
| 28 | $28 | $406 |
| 29 | $29 | $435 |
| 30 | $30 | $465 |
| 31 | $31 | $496 |
| 32 | $32 | $528 |
| 33 | $33 | $561 |
| 34 | $34 | $595 |
| 35 | $35 | $630 |
| 36 | $36 | $666 |
| 37 | $37 | $703 |
| 38 | $38 | $741 |
| 39 | $39 | $780 |
| 40 | $40 | $820 |
| 41 | $41 | $861 |
| 42 | $42 | $903 |
| 43 | $43 | $946 |
| 44 | $44 | $990 |
| 45 | $45 | $1,035 |
| 46 | $46 | $1,081 |
| 47 | $47 | $1,128 |
| 48 | $48 | $1,176 |
| 49 | $49 | $1,225 |
| 50 | $50 | $1,275 |
| 51 | $51 | $1,326 |
| 52 | $52 | $1,378 |
If you are looking to challenge yourself a bit further, you can double the savings amount each week. Here’s how much you will end up saving by the end of 52 weeks:
| If you... | Your total deposit by end of 52 weeks |
|---|---|
| Double the savings rate ($2, $4, $6...) | $2,756 |
| 4 times the savings rate ($4, $8, $12...) | $5,512 |
| 8 times the savings rate ($8, $16, $24,...) | $11,024 |
| 40 times the savings rate ($40, $80, $120,...) | $55,120 |
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