This week I saw the 52-Week Money Challenge so many times across my social media channels, I wondered if it would begin to feel like an overplayed song and lose people’s attention.
There are four reasons why I hope it doesn’t lose attention and only one reason why I feel it falls short in helping me achieve my goals in 2014.
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This inspirational saying “A year from now, you’ll wish you’d started today” (attributed to Karen Lamb) is a wonderful reminder to keep the end in sight and imagine how you will feel about achieving your goal.
Imagine yourself on the other side of your major goal for the year.
Whether you’re walking through Disney’s gates with your family, slipping into an old pair of jeans, or opening the door to your first home for the first time—How would that feel?
What I Love About the 52-Week Money Challenge
The end goal is clear, measurable, and specific.
At any point in the challenge, you can see how much money you’ve saved and how many more weeks you have to go.
When you’ve saved $1,378, you’ve reached your goal!
The challenge begins at less than 1% of the end goal: $1.
It will make you a stronger person.
The challenge builds your savings ‘muscle’ gradually each week, beginning with a deposit $1 and increasing your weekly deposit by just $1 each week.
Each week your confidence in your ability to earn and save will grow.
What I Don’t Love About the 52-Week Money Challenge
The one thing I don’t love about the challenge really isn’t the fault of the challenge.
If you’re dreaming of a home project or a family vacation in 2014, I’ve doubled the 52-Week Money Challenge to help you save more:
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The next time I’m tempted to buy a $6 cup of coffee, I can remind myself that $6 is two week’s worth of savings!
With the challenge doubled, you’ll reach the original goal amount of $1,378 after Week 37.
After Week 52, you’ll have saved double the original goal amount: $2,756.