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!
Labels:

Popular

ode to wife

she is the reason why i move on the reason why i still smile she is my happiness she is my life she is the mirror of myself the one who tells me that i need help she brings out the best and worse in me she's the reason for being me i owe her every bit of what you see all the best and flaws that i'll ever be with the ins and out that you don't see for she's the reason why i'm me she the one i call home even the girl behind this poem the only woman that drives me mad but she's all the sanity that i'll ever need to have i promise that all my days i vow to love her with all ways i know how with all the things she wants me to be in love like a man whose, for her, crazy i'll remind myself those flowers that i forgot to give her in the past such will be my token of love for her which will be proven as the time pass i wont forget to conjure words like how i string up music chords until the last breathe my body makes until the las...
Read more

When I Met You: Choral Arrangement

I got an opportunity to create(or should I say arrange for a choir) music. It's for a best friend's wedding and I'm sharing the piece. Here are the details. Title: When I Met You Artist: Apo Hiking Society Words and music: Jim Paredes Edit: Uploading the piece as .png was not a good idea. So I am sharing it using google drive. Here's the link for When I Met You in .pdf format . Enjoy!
Read more

Contextual Stratification - Chapter 27: A New Way Forward

The Question Changes Everything You've traveled from Newton's boundaries to your own internal conflicts, from quantum mechanics to daily choices, from the cosmos to consciousness. You've seen one pattern emerge everywhere: reality stratifies, frameworks have domains, boundaries are real, and Q=Fλ, Q⊆M explains why. But understanding changes nothing, unless it changes what you do next. This isn't the end of inquiry. It's the beginning of different inquiry. Not seeking final answers but asking better questions. Not forcing unity but navigating plurality. Not eliminating boundaries but recognizing them. Not claiming completion but accepting permanent incompleteness. Not one truth but understanding how truths relate. The framework is complete. The implications are just beginning. This final chapter asks: What becomes possible if we think this way? What questions should we ask? What might change in science, philosophy, education, culture, life? And most importantly: Wha...
Read more