Starting Your Year Right: askpaul 52 Week Savings Challenge!
Every January we launch this savings challenge to help people start their year right by creating great saving habits and to build a nice pot of money to help them start their investing journey or to pay for “things” rather than borrowing from the banks or the credit union.
Loads of people get involved every year because it’s simple to follow and easy to stick with as time goes by. There are 2 versions, the beginner where you can save €5,000 or the advanced to save €8,000 so there’s an option to suit your pocket.
The beginner’s challenge has you save €20 in week one, €35 in week two, €45 in week three, and €125 in week four and so on. By the end of the challenge, you’ll have saved €5,000.
If you’re up for an advanced challenge in 2024, start saving €150 every week and occasionally throw in an extra €16 over the €150 every alternative payday until the first week of September. By the end of the year, you’ll have saved €8,000.
