Boredom Strikes
No Result
View All Result
  • Login
  • Register
Submit an Article
  • About
  • Business
    What is Certification International Philippines, Inc. (CIP)?

    Certification International Philippines Inc. (CIP): What You Need to Know

    12 Profitable Business Ideas for Millennials

    12 Profitable Business Ideas for Millennials

    8 Great Business Ideas You Can Start Today

    8 Great Business Ideas You Can Start Today

    How to File for Bankruptcy in the Philippines

    How to File for Bankruptcy in the Philippines

    Bankers Association of the Philippines to Members

    Bankers Association of the Philippines to Members

    Bankers Association of the Philippines

    Bankers Association of the Philippines (BAP) Launches ID Registry For #Cybersafe Campaign

    Air Intellipure To Invest Php250 Million

    Air Intellipure To Invest Php250 Million In The PH

    How will artificial intelligence affect BPO in the Philippines

    Will Automation and AI Affect the Philippine BPO Industry?

    Certification International Philippines

    How to Get an ISO Certification in the Philippines

  • Entertainment
  • Health & Beauty
  • Food
  • Inspiration
  • Lifestyle
  • Science
  • Tech
  • Travel
  • About
  • Business
    What is Certification International Philippines, Inc. (CIP)?

    Certification International Philippines Inc. (CIP): What You Need to Know

    12 Profitable Business Ideas for Millennials

    12 Profitable Business Ideas for Millennials

    8 Great Business Ideas You Can Start Today

    8 Great Business Ideas You Can Start Today

    How to File for Bankruptcy in the Philippines

    How to File for Bankruptcy in the Philippines

    Bankers Association of the Philippines to Members

    Bankers Association of the Philippines to Members

    Bankers Association of the Philippines

    Bankers Association of the Philippines (BAP) Launches ID Registry For #Cybersafe Campaign

    Air Intellipure To Invest Php250 Million

    Air Intellipure To Invest Php250 Million In The PH

    How will artificial intelligence affect BPO in the Philippines

    Will Automation and AI Affect the Philippine BPO Industry?

    Certification International Philippines

    How to Get an ISO Certification in the Philippines

  • Entertainment
  • Health & Beauty
  • Food
  • Inspiration
  • Lifestyle
  • Science
  • Tech
  • Travel
No Result
View All Result
Boredom Strikes
Home Inspiration

Realistic Money Saving Challenges You Need to Try

Sakamoto by Sakamoto
December 31, 2020
Reading Time: 4min read
398 4
0
money saving challenge
552
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter

Money Saving Challenges is essential, but it can be difficult when you don’t know what strategy works best for you. It’s smart to set aside some money for any emergency you may encounter in the future. This includes unemployment, accidents, tragedies, and other unfortunate situations that may cost A LOT. Saving can also be for recreational activities like traveling, attending concerts, or buying your dream car.

Have you ever seen outrageous stacks of bills on social media, posted by people claiming to have saved them through money challenges? Most of them might have exaggerated their stories to earn likes, but saving challenges can actually be effective especially if it suits your lifestyle.

Below are 6 doable money challenges for you to try. Choose one the can work best for you, and reap what you sow after a year!

money saving challenge1. 365-Days Money Challenge

ADVERTISEMENT

Collect $667.95 at the end of the year!

This is best for beginners who aren’t sure they can set aside chunks of money weekly or monthly.

ADVERTISEMENT

Start by saving $0.01 on the first day, $0.02 on the second, $0.03 on the third, and so on. Then, save $3.65 on the last day. By the end of the year, you’ve already saved $667.95.

2. Mini 52-Week Saving Challenge

Collect $689 at the end of the year!

This one is the mini version of the 52-Week Saving Challenge (#3) where you save less per day. This technique is great just in case you’re not ready to go all out just yet.

Start with $0.50 on the first week, $1 on the second, $1.50 on the third, and so on. Just keep adding $.50 to the previous amount until you save $26 on the 52nd week. You’d have $689 savings at the end of the year, which is half of what you get in the original 52-Week Saving Challenge.

3. 52-Week Saving Challenge

Collect $1,378 at the end of the year!

Among all the challenges, this is most popular since it’s the most realistic technique to try. The process is the same as the Challenge #2, except you start with $1 and increase it by a dollar each week.

After saving $52 on the 52nd week, you would have saved a total of $1,378. However, it can be difficult to stick with as the weeks go by. That’s because you need to set aside more money weekly, not knowing what financial obstacles you might have in the months ahead.

4. Reverse 52-Week Saving Challenge

Collect $1,378 at the end of the year!

This is the reverse version of the 52-Week Saving Challenge. It caters to those who don’t love the idea of saving an increasing amount over time.

Start big by saving $52 in the first week, and then decrease it by a dollar as you continue. Keep in mind, though, to start only whenever you’re sure you can set aside huge chunks in the first few months.

The upside to this, however, is it’s easier to stick to since you need to put lesser and lesser in the future months. It won’t burden you as much in case you encounter any financial difficulties.

5. Bi-Weekly Saving Challenge

Collect $1,378 at the end of the year!

You’d save exactly the same amount with this challenge as you would in #3 and #4. The process is similar to the others, but you only need to set aside money every two weeks. This is an ideal approach to individuals who receive bi-weekly paychecks.

You must save $3 ($1 for week one, $2 for week two) from the first paycheck. Then, $7 ($3 for week three, $4 for week four) from the next, and so on. Essentially, you’re doing the 52-Week Challenge in a friendlier pace — paycheck by paycheck.

6. Monthly Money Saving Challenge

Collect $1,425 at the end of the year!

Last but definitely not least is the classic money-saving method. Saving a big amount but only once in a month. You can start with any amount between $25 and $150.

Let’s say you prefer the minimum. In the first month, save $25. Then, increase it by the same amount until you reach $150 in the 6th month. Try to remain realistic and stick to the maximum until the last month. After 12 inputs, you’d have a total of $1,425 all to yourself!

ADVERTISEMENT
Sakamoto

Sakamoto

I live for my cats.

Related Posts

You Might Not Know These Facts About President Duterte
Inspiration

You Might Not Know These Facts About President Duterte

January 14, 2021
Fast Facts About Joe Biden
Inspiration

Fast Facts About Joe Biden

January 14, 2021
cyberbullying facts
Inspiration

Cyberbullying Facts That You Need To Know

January 20, 2021
Environmental-Friendly Innovations You Need to Switch to
Inspiration

Environmental-Friendly Innovations You Need to Switch to

December 31, 2020
Languages to Learn
Inspiration

Top 3 Languages to Learn for Self Improvement

January 20, 2021
Rising digital artists on IG
Inspiration

Rising Digital Artists to Follow on IG

December 31, 2020
Next Post
YouTube Fined $170M For Violating US Children’s Privacy Laws

YouTube Fined $170M For Violating US Children’s Privacy Laws

Discussion about this post

Recommended Stories

Gain Weight Safely

Gain Weight Safely And Healthily With These Tips

November 18, 2020
Top 10 Foods that Boost the Immune System

Top 10 Foods that Boost the Immune System

March 19, 2020
Benefits of Garlic

10 Proven Health Benefits of Garlic

January 20, 2021

Popular Stories

  • Pork Adobo Recipe

    Pork Adobo Recipe You Will Surely Love!

    1335 shares
    Share 535 Tweet 334
  • Natural Hair Treatments You Can Use at Home

    1133 shares
    Share 453 Tweet 283
  • How To Take Care Of Your Cats

    1409 shares
    Share 765 Tweet 269
  • Top 10 Foods that Boost the Immune System

    1380 shares
    Share 788 Tweet 247
  • Bring Back Joy To Your Day With These Hilarious Cat Posts

    806 shares
    Share 322 Tweet 202

Recent Posts

  • Easy Date Ideas for Valentine’s Day 2021
  • 10 Proven Health Benefits of Garlic
  • The Evolution of Nike Air Jordan Shoes

Categories

  • Business
  • Entertainment
  • Food
  • Health & Beauty
  • Inspiration
  • Lifestyle
  • Science
  • Tech
  • Travel

Newsletter

Get updates on new blog posts.

Receive new updates on new blog posts and articles.

Boredom Strikes - © 2020 Copyright. All Rights Reserved.

No Result
View All Result
  • About
  • Business
  • Entertainment
  • Health & Beauty
  • Food
  • Inspiration
  • Lifestyle
  • Science
  • Tech
  • Travel
  • Login
  • Sign Up

Boredom Strikes - © 2020 Copyright. All Rights Reserved.

Welcome Back!

Sign In with Facebook
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In