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Indy100 Staff
Jan 02, 2018
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You may have heard of the 52-week challenge.
It's a way of supposedly saving money without feeling the pinch throughout the year.
You start by putting aside £1 a week for the first week, £2 a week for the second, and so on.
You'll save £1,378 by the end of the year.
However, you'll hit a snag at the end of the year, when you have no money because of Christmas presents and New Year's, and you're supposedly putting £52 in the bank.
It's not very practical.
Over at Apartment Therapy, they think they've found a solution that will actually save you more. The 365-day money challenge.
You put £1 in savings on a Monday, £2 on a Tuesday, up to £7 on a Sunday. Then you restart on a Monday at £1.
This way you'll save £28 a week, or £1,456 by the end of the year. And it's far more consistent.
It should also feel a lot more doable week to week, rather than bunching hideously at the end.
And by January 2019 you won't be as financially hamstrung as you are now. Maybe.
The challenge has been widely covered by media outlets.
And while the challenge may not be for everyone, there are some early adopters:
More: This is how much money you need to save every day to become a millionaire
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