Skip to main content

saving money weekly

I came across a an idea called 52 Week Money Challenge. Let me share to you how it works. The idea is to save Php62,900.00 in 52 weeks(one year) and we start with only Php50.00.

What is it?

From the label 52 Week Money Challenge, it's a Challenge. It's about saving Money. It runs for 52 weeks (1 year). In a nutshell, you religiously save an increasing amount for the whole year.

How do you do it?

  1. For the first week, you save Php50.00.
  2. On the second week, you save the same amount as last week, which is Php50.00 - plus additional Php50.00. That's Php100.00
  3. On the third week, you save the same amount as last week, which is Php100.00 - Plus additional Php50.00. That's Php150.00
  4. On the fourth week, you save the same amount as last week, which is Php150.00 - Plus additional Php50.00. That's Php200.00
  5. You repeat the cycle for one year or 52 weeks.
  6. Enjoy your money.

Minimum Requirements:

  • Make sure you can wait for one year
  • You have an income for at least a year
  • You can afford to set aside the amount of the last week. If you are using Php50.00 as base, then that's Php2,600
Tips: 
  • Put it in a bank account to avoid the temptation of spending your money
  • Have a goal on how to use it when you are done. (eg. cellphone, project car, travel)
  • You can change the base depending on what you can afford. If you are a student you might want to start with Php10.00 or Php20.00
If you think this is not effective to you, then consider changing some of the parameters. Say, reverse it(which i am using). Start from the biggest amount(Php2,600). Or, if you have an erratic amount of income, then just choose what you can afford on the week. I'll be discussing this next time since i have just thought of it right now.

Happy Saving!

Popular

PHP Error: Unable to load dynamic library 'gd'

Currently installing Laravel on my Arch Linux. I got PHP, MySQL, Apache and Composer installed and trying to install Laravel with this: $ composer global require laravel/installer  But got this instead: PHP Warning:  PHP Startup: Unable to load dynamic library 'gd' (tried: /usr/lib/php/modules/gd (/usr/lib/php/modules/gd: cannot open shared object file: No such file or directory), /usr/lib/php/modules/gd.so (/usr/lib/php/modules/gd.so: cannot open shared object file: No such file or directory)) in Unknown on line 0 PHP Warning:  PHP Startup: Unable to load dynamic library 'openssl.so' (tried: /usr/lib/php/modules/openssl.so (/usr/lib/php/modules/openssl.so: cannot open shared object file: No such file or directory), /usr/lib/php/modules/openssl.so.so (/usr/lib/php/modules/openssl.so.so: cannot open shared object file: No such file or directory)) in Unknown on line 0 PHP Warning:  PHP Startup: Unable to load dynamic library 'phar.so' (tried: /usr/lib/php/modu...

rhymin

i got stuck with words on this song that i want to finish by tomorrow. i have no instrument to use so im hoping to finish at least the lyrics. sad part is my rhyming brain is not that functional right now. so, i headed online to look for some sites or software that can help. here's what i got: analogx.com 's rhyme came to mind first as it's what i used before. a simple to install software that returns numerous results that, most of the time, ends up confusing. good thing is you can use it offline. so i started searching. 3d2f and the next one got my attention. but let me pour my heart out on this one first. one word: confusing! it gave me more list to figure out. so click on the first. then it lead me to several pages before i get to download. then, i have to figure out which of the links i needed. then after few minutes, i found it only to be more confused... i am to download a 249MB of a .dmg which turned out to be for mac engines and not for windows. i know, right?! w...

returning to the scene of the crime

it's been a while since i created a web page. and now im like a returning prodigal son aiming to get back what i lost. getting thru the same process i walked thru back then - studying. i visited few sites ive created and found them to be boring so i wont put their links here. hahaha! then i stumble upon my site(i want to call it that) - http://www.geocities.com/orpheum_ph/ and remembered that i have created something for myself... a tool for web design. something to start with... and i would like to tap my back for that. and so, i decided to get back into blogging and pst this. hopefully, i would complete my tool and maybe start on a portfolio. wish me luck!