Tuesday, January 15, 2013

Dollar a Week Challenge And Save $1,378

I can't take credit for this, saw it on Facebook, but it's a pretty interesting idea. Every week for 1 year, put away a little money into a shoe box. The first week put away $1, the second week $2, the third week $3 and so on up to $52 in the last week of you. If you do this each week, you will have over $1,378 by the end of the year.  That's $1,378 that you probably wouldn't even notice until the end of the year.

What's the challenge?  Simple. First, you have to remember to do it every week. Sure, you could make it up if you miss a few weeks, but the real challenge is in training your mind to remember this every week and to make a deposit, every week. Second, financially it will be a whole lot easier in the first half of the year when you're putting away only a few dollars a week, but come October when you're putting a couple hundred dollars a month into the shoe box, you will probably notice it.

Maybe you don't need $1,378. But can you train yourself to remember to do it every week. That's the real challenge.

As of today it's going on the 3rd week of January. Want to start now? Put $3 (1+2) in your shoe box. See how long you can keep it up....

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