Image from Apple Tenestrante Lago-Amora
The 52 Week Money Challenge and 52 Week Money Challenge Version 2 is a good starting point for
individuals who would like to save and make it a habit. After all, the idea of
being able to save this much by the end of the year is truly enticing and
captivating. Plus, you only need to shell out little incremental amounts each
week.
What is relatively important in the challenge is making it
into a habit. Most of us, only save when we have extra pennies from our income.
That should not be the case. We must be able to pay ourselves first even before
splurging. That is why if you look closely at the challenge, sooner or later
the value of savings would hurt up because it will add up. The question then
is, would you be willing to sacrifice your lifestyle in order to complete it?
Can you give up a few of the things you are used too in order to save up? Being
able to comprehend such questions are already items towards your financial
freedom.
Being able to complete the challenge is simply the tip of
the iceberg. If you were able to save up, perhaps it would be best and ideal to
continue the habit of saving up bigger amounts each week. It would be best that
you continue after the 52nd week and be able to surpass it. Even
more, embed it in your system to save and save regardless if you have a goal or
not. We must look pass the challenge and we can be able to see that starting it
up in the first place already makes us winners of the said challenge. Having
the money at the end is the cherry on top. What is important is you were able
to make saving a habit and you were able to pass the saving hurdles. Because
you already have a saving system within you, you can be able to save more than
68,900 in the long run.
So start the habit of savings today. Take the 52 Week Money Challenge and 52 Week Money Challenge Version 2!
P.S. To those doing the 52 Week Money Challenge and 52 Week Money Challenge Version 2, it is Week 13 already! Did you deposit the next amount yet?
P.P.S Want to know more about investing, savings, stock market and more, check out my reference here. You can download free ebooks and resources too.