Are you up for a Money Saving Challenge? You’ve probably heard of the 52 week money saving challenge and I thought it would be fun for us to do it together! I wanted to change things up though and instead of us saving in typical order, I have devised a way for us to save $1397 over the next 52 weeks while making it creative and fun! We won’t be going in numerical order and I replaced the $1-$9 amounts with $10 (so 10 weeks we will save $10).
Before you get started with the challenge, you need to make sure your family is on a budget. You can use my FREE Budget Binder to help get control of your finances. The goal for the money saving challenge is that the money will come from your weekly allowances and not from your overall budget. So you’ll save the money by saving more at the grocery store, not dining out, using less gas, avoiding spending money on miscellaneous items, etc.
You’ll deposit the money into your fund. In 52 weeks, you’ll be $1397 closer to your goal just by doing this challenge! You’ll continue to save money in other ways too. For a trip to Disney World, you’ll need to save about $3000 (aiming for at least a 5 night trip, maybe longer!). My goal is to help you do that in 18 months. If you do this challenge for the next 18 months, you’ll have $2095.50 saved by October 5th, 2016. You’ll just need to save $904.50 from other creative ways! That means you could visit Walt Disney World during the holiday season in 2016 and if you can get off during the first 2 weeks of December, you’ll pay some of the lowest prices of the year.
This week the challenge is to save…. $10
5 creative ways to save $10:
- Order water when you dine out instead of soda or tea
- Pack a lunch for work instead of eating out
- Eat leftovers for dinner one night
- See a movie during the matinee hours instead of at night
- Evaluate your bank account (my bank now charges you to check your balance at their ATM)
Join the Saving for Disney with C2D Facebook Group to discuss the challenge and more ways to save money!
Sarah says
If I understand correctly, you are doing the 52 week challenge, but not in the typical add one dollar each week order. Do you have a list of the order you will be adding different amounts to your fund? I’m a visual person and it would help me to see the plan all laid out for this. Thanks! Can’t wait to work on saving for Disney 2016!