I know there are many of us who would very much like to bulk up the savings accounts we have. For a rainy day, emergency, vacation, splurge, appliances- the possibilities are endless. So I thought I’d share a 52 weeks savings challenge with you all to get ALL of us thinking about just how much we can actually save with an actual plan! This weekly savings challenge isn’t hard- and even if you end up editing it and changing the numbers- before you do, look at the spreadsheet closely and really think. I was kind of “meh” maybe about the whole thing but then I got to thinking. We want to add on to our home. So why NOT challenge ourselves to save a little each week and add to that addition pool faster?
Here’s an image of the spreadsheet, but you can download the entire 2014 easy savings challenge FREE right here!! I think I want to do the reverse weeks, so we’ll be starting high and ending low. My husband auto-deposits $25/week into a savings account we don’t ever touch for “just in case” and that has grown so fast for us- so now we want to see what else we can do!
How do you bulk up your savings? Have you done a 52 week savings challenge?
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Kirsty says
What an awesomely simple plan. I am a regular saver for both big and small things, but I like how fast this seems to add up. I’m going to give it a go this year and cover the cost of some time off over next Christmas
Lisa W. says
We also put 25.00 from my husbands pay into a savings! Until recently it was 200.00 a pay (bi-weekly). But had to drop down to 25.00 and lessen his 401K. Due to the new healthcare, I can’t carry him on my insurance anymore. So his went up from 40.00 a month, to 500.00 a month!!!! Yes a month. Also his meds will be about 500.00 a month. So we are trying to save a lot, but remodel our home so when we retire (if we will be able to retire) everything will be paid off and updated. Really looking forward, I guess it is forward, to see what else the year will bring.
Brett says
Oh man, that’s a HUGE jump. We have to add the kids to our dental insurance and the cost jump is similar.
the pinterested parent says
I love spreadsheets. Seriously I do. They are the best way to budget. Great share.