The start of a new year offers a fresh start, an opportunity to change for the better. Looking back at how I spent 2014, I find that there are a lot of things that I could improve on to make 2015 better and more enjoyable.
Admittedly, I am very bad at handling money. To be more blunt about it, I lack discipline when it comes to spending money. I don’t own a credit card so at least I don’t spend more than I can afford. However, I often unconsciously revert back to my impulsive buying days that I thought I had already put behind me. In most cases, I end up losing money I can’t account for (baffling, I know!).
So I would really like to open up another savings account that I would like to see grow by year end. Seriously, how nice and cool (and empowering) would it be if I can manage to start and grow my own personal savings?
It turned out everyone in the office also wanted the same thing so during a break we discussed the 52-Week Money Challenge, a money-saving scheme that promises great results by the end of the year. Granted, of course, that one keeps at it and saves religiously like s/he is supposed to. This strategy seems like the craze since last year because my social media wall is just littered with testimonials and what-not about it.
At the start of the 52-Week Money Challenge, you will put P50 in his piggy bank or money jar. You will then add twice that start-up amount the following week, thrice in the third week, and so on until the 52nd week, by which time you will add P2,600 to your total savings. By the end of the challenge, you would have saved a whooping P68,900! How cool, right?
Just thinking of the possibility of having that kind of money at the end of the year is enough of a motivation for my workmates and me to jump into this money-saving ship. We’re doing this, we said! More importantly, I’m doing this!!!
Wish me luck, everyone!
Photo Credit: Inspire52