Was saving money one of your resolutions for this year? It may be one of your perennial resolutions if you’re anything like me. Some years I’m more successful than others, but I love learning about new ways to try and meet my goals.
Last year Isra at The Frugalette shared a 52 week savings challenge and I knew I wanted to give it a try for myself. The premise is pretty simple: each week you add the number of dollars equal to the week of the year. So during week one, you add a dollar. During week 17, you add $17. And so on.
I have an online savings account; previously it was an Electric Orange account, but now they’ve partnered with Capital One and they’re called 360 Savings. What I love about an online savings account is that while you still have access to the money, it’s not instantaneous. So you have to think about it before you make a withdrawal.