With consistent weekly deposits, the 52-week challenge can help you steadily grow your savings over one year. Mike_shots/Shutterstock
It’s important to periodically reevaluate your budget and rebuild savings. If you’re trying to improve your savings, the 52-week money challenge can help. It’s a simple and effective way to stay on track.
But what is the 52-week money challenge, and how do you implement it? Although it takes some discipline, it’s an easy and organized way to save.
How the 52-Week Money Challenge Works
With the 52-week challenge, you set aside a small amount of money each week that snowballs over the course of a year. The point is to consistently save money over time and adjust that weekly deposit upward a little bit each week.
