One of the many lessons we learned in 2020 was we can never have enough money. Even people that thought they had a nice “emergency fund” found out there are some ‘emergencies’ that can really linger. So with that in mind, here’s a challenge from the internet that isn’t as fun as the “Harlem Shake” was, or as viral as the Ice Bucket Challenge, but it could help you hold onto a boatload of cash.
The 52-week money challenge doesn’t require an accounting degree to pull off. You simply put aside some cash each week and slowly but surely the amount you put away goes up throughout the year. In the first week of the year, you save $1, the next you save $2, and so on and so forth until the 52nd week where you put away $52. You could also do it in reverse order if you’d prefer to have more breathing room for the holidays.
Sure, the 52-week money challenge isn’t going to get you as many likes as all your planking videos did back in the day, but if you follow the plan you will be kicking off 2022 with an extra $1,378 in savings. Which is $1,378 more than you ever got playing “Chubby Bunny” on Instagram.