Starting Your Year Right: askpaul 52 Week Savings Challenge!

Each January, we kick off a savings challenge to help people build healthy saving habits This challenge is a great way to start or grow a solid savings fund—whether you’re looking to start investing, cover important expenses, or avoid the need for loans. 

Many people get involved each year because the challenge is straightforward, easy to follow, and adaptable to different budgets. You can choose between two levels: the beginner plan, which can help you save €5,000, or the advanced plan, aimed at saving €8,000. It’s all about picking the pace that fits best for you. 

Here’s how it works for beginners: in week one, you set aside €20, followed by €35 in week two, €45 in week three, €125 in week four, and so on. By sticking to the plan, you’ll have saved €5,000 by the end of the challenge. 

If you’re up for an advanced challenge, start saving €150 every week and occasionally throw in an extra €16 over the €150 every alternative week until the first week of September. By the end of the year, you’ll have saved €8,000. 

For an extra boost to your savings, bunq’s 3.36%* interest savings account can be a game-changer. With its competitive rate paid out weekly, flexible funding options and easy setup your savings can grow faster through the power of compound interest, helping you reach your goals even sooner.

Starting the year with a challenge like this is a great way to build up your financial reserves while developing lasting saving habits! 

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