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

White Paper: The Agile Transportation System (ATS) – AI-Driven, Routeless, and On-Demand Mobility

  Abstract / Executive Summary The Agile Transportation System (ATS) is a next-generation urban mobility solution that leverages Artificial Intelligence (AI) to revolutionize transportation. Unlike traditional public transit with fixed routes and rigid schedules , ATS operates on an AI-powered routeless model that dynamically adapts to commuter demand. It also integrates an intelligent passenger selection system to optimize seating, prevent congestion, and enhance accessibility. Designed initially for Bonifacio Global City (BGC), Philippines , ATS ensures on-demand scheduling, flexible vehicle deployment, and 24/7 availability . By incorporating AI-powered analytics, predictive algorithms, and real-time optimization , ATS offers a truly agile, scalable, and commuter-centric transportation system. Introduction Urban mobility is facing major challenges, including traffic congestion, inefficient public transport, and long waiting times . Traditional public transit operates on pred...
Read more

Retrieval-Augmented Generation (RAG) Using First-Principles Thinking

Instead of just learning how Retrieval-Augmented Generation (RAG) works, let's break it down using First-Principles Thinking (FPT) —understanding the fundamental problem it solves and how we can optimize it. Step 1: What Problem Does RAG Solve? Traditional AI Limitations (Before RAG) Large Language Models (LLMs) like GPT struggle with: ❌ Knowledge Cutoff → They can’t access new information after training. ❌ Fact Inaccuracy (Hallucination) → They generate plausible but false responses. ❌ Context Limits → They can only process a limited amount of information at a time. The RAG Solution Retrieval-Augmented Generation (RAG) improves LLMs by: ✅ Retrieving relevant information from external sources (e.g., databases, search engines). ✅ Feeding this retrieved data into the LLM before generating an answer. ✅ Reducing hallucinations and improving response accuracy. Core Idea: Instead of making the model remember everything, let it look up relevant knowledge when needed....
Read more

Agile Transportation System (ATS) Values and Principles

Here’s a draft of the Agile Transportation System (ATS) Values and Principles. ATS Core Values Adaptability Over Rigidity - ATS prioritizes flexible route adjustments and dynamic scheduling based on real-time demand rather than fixed, inefficient routes. Availability Over Scarcity - There should always be an ATS unit available when and where it's needed, reducing wait times and ensuring continuous service. Efficiency Over Redundancy - Every unit must maximize passenger load without compromising speed and convenience, ensuring an optimal balance of utilization. Simplicity Over Complexity - Operations should be straightforward, avoiding unnecessary bureaucracy and ensuring seamless passenger movement. Continuous Improvement Over Static Systems - ATS evolves based on data and feedback, refining operations to enhance reliability and customer satisfaction. Customer Experience Over Just Transportation - The system is not just about moving people; it's about making their journe...
Read more