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52-week money savings challenge

52-Week Money Saving Challenge to Get Your Sh*t Together This 2021

profileMing Feng

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.

Source: sskaitcomics

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.

WeekDepositTotal 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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About Ming Feng
A stint in Bloomberg gifted me with a beer belly, which only grew larger when I moved on to become a Professional Trader. Now I turn caffeine into digestible finance-related content.
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