The 52 Week Money Challenge and 52 Week Money Challenge Version 2 may seem easy however there are surely a
lot of trials when you get to begin it. No wonder it is called a challenge in
the first place. One would really be challenged every single week. However,
don’t let these things bring you down. As such, we have collected possible
trials that you might bump into while doing the challenge. Even more, there are
also tips that could definitely help you conquer the ordeal.
Trial 1: I was not
able to save up for this week, what should I do?
Tip: If you were not able to follow and save up for the
week, do not fret and do not get discouraged. You can still be able to cope up
the following week. And you still have seven days to fulfill the amount for the
week before another week would pop up. If that proves difficult for now, you
can always compensate it for the next week by depositing the amount of the
previous week and the new week. You still have the other weeks of the year to
cover up with the missed ones. However, it is important that as much as
possible this must be followed strictly.
Trial 2: I only get
paid twice a month, can I still continue?
Tip: Of course most definitely! However, you may want to
alter the table. You see the 52 Week Money Challenge and 52 Week Money Challenge Version 2 is done on a weekly basis. If
you are paid twice or even once a month, you can sum up the two weeks or the
four weeks respectively. For instance, instead of saving up for Week 1 and Week
2, you can sum up these two weeks together in accordance to your pay check
frequency. You can align the week to cater to every pay day so that you won’t
be missing out on saving for those weeks.
Trial 3: The end of
the year involves saving up thousands, I don’t think I can do that?
Tip: Because of the incremental notation of the 52 Week Money Challenge and 52 Week Money Challenge Version 2, later in the year the amounts would get heavier. If you think you
cannot be able to save that up, you can always start with a lower increment.
You can refer to the templates in the previous chapters to assess which
increment would suit your current income or cash flow.
If you want to continue with the current increment, there is
such thing as a paying it forward scheme in the challenge. In here, you can opt
to adopt a week and save up in advance. For instance, if you started saving up
in January and you know it will be difficult for you to save up in November, it
is suggested that you save up for January and November too. You can do this
most especially during your salary. You are hitting two birds with one stone.
That is saving for two weeks in one day. In this case, you would be able to
save up in advance.
What are now the other perks of paying it forward? You will
spare yourself of saving bigger chunks of money on the later part of the year.
Even more, you can finish the 52 Week Money Challenge and 52 Week Money Challenge Version 2 faster! With that, you won’t
have to wait until the last week of the year just to complete the entire
amount. Who knows, you might be able to finish it faster that you can imagine.
Hence, you can be able to use the money already for that personal goal of
yours.
Trial 4: Can I commit
to that? It looks painstaking and a lot of work.
Tip: This is where discipline and attitude boils down. You
see, the 52 Week Money Challenge and 52 Week Money Challenge Version 2 is a challenge in the first place. This calls us to do action and compete with ourselves. Our biggest enemy here is not our
salary but ourselves. We can be able to decipher if we can be able to commit in
order to finish the challenge. That is why, from the very beginning it is
important that you get to have a goal that will motivate you to continue. So
that when you experience hardship in the middle of the challenge, you can set
your eyes to your goal again. And with that, it can fuel you up to continue the
challenge.
Trial 5: Can I start
anytime during the year?