The 52 Week Money Challenge is all the rage across the interwebs and we’re dying to know if you’re participating in the money saving madness! The New Year is the perfect time for any and all resolutions and why not add saving a little bit of cash to your new year to-do list? In case your curious, the 52 Week Money Challenge originated via a Facebook group created by Kassondra Perry-Moreland in early 2013. Struggling to figure out how she hadn’t managed to save money during her adult life, she felt compelled to make a change. According to an article in Black Enterprise,
“She stumbled upon an image that outlined a 52 week savings challenge. It seemed simple enough. Each week you deposit the number of that week into a savings account. For example, the 1st week of 2013, you would deposit $1.00 into the savings account. Week 2, you would deposit $2. Week 3, $3 and so on. The largest deposit ends up being $52.00 and that will be the very last week of 2013. At the end, you would have amassed $1,378.”
Once the savings challenge hit social media, I guess you could say that the rest is history!
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