What is the 52 Week Money Challenge?
Do you find yourself at the end of the month wondering where all your money has gone? While we don’t like throwing money away, we sure do spend it on items that are relatively unimportant in the grand scheme of things. The 52 week money challenge is designed to help you map out your savings for an entire year, with the end game being $5,000 sitting in your savings account. Wouldn’t that be nice?
Have you ever thought about how much money you are really spending?
To be honest, who really does? That’s why being well versed in personal finances is so important! We live in a generation that spends beyond their means, thus increasing their personal debt, and decreasing available valuable funds.
While some of our purchases do make our lives more convenient, others find their way into our homes and bank accounts by cultural habits. It comes down to the want, versus the need.
Spending now or saving for the future?
One point we would like to make here at Buck Academy is this; spend now or save for the future? You could go to the mall, and grab that new purse or pair of sneakers, or what about saving up for something you REALLY want? Such as a new set of tires, a new bike, or something else you have had your eye on for a while now. Is your want stronger than your need?
BUCK Academy has put together 14 ways you can cut spending to increase your savings nest:
So, how much can I really save by cutting back my spending habits? Well, here at Buck Academy, we have put together a visual of a few common spending habits and what they really cost you.
How can the 52 week money challenge change your life and the life of your youth?
You and your family don’t have to deprive yourselves of what you really need, or even the fun stuff. This 52 week challenge is meant to improve the lives of you and your family, through being responsible in our personal finances, we teach our children to do the same.
Check out our FREE printable PDF download of our 52 week money saving chart!
Love,
Buck.
Do you find yourself at the end of the month wondering where all your money has gone? While we don’t like throwing money away, we sure do spend it on items that are relatively unimportant in the grand scheme of things. The 52 week money challenge is designed to help you map out your savings for an entire year, with the end game being $5,000 sitting in your savings account. Wouldn’t that be nice?
Have you ever thought about how much money you are really spending?
To be honest, who really does? That’s why being well versed in personal finances is so important! We live in a generation that spends beyond their means, thus increasing their personal debt, and decreasing available valuable funds.
While some of our purchases do make our lives more convenient, others find their way into our homes and bank accounts by cultural habits. It comes down to the want, versus the need.
Spending now or saving for the future?
One point we would like to make here at Buck Academy is this; spend now or save for the future? You could go to the mall, and grab that new purse or pair of sneakers, or what about saving up for something you REALLY want? Such as a new set of tires, a new bike, or something else you have had your eye on for a while now. Is your want stronger than your need?
BUCK Academy has put together 14 ways you can cut spending to increase your savings nest:
- Track your spending
- Make a budget
- Consider using cash as your primary source of spending currency
- The envelope system
- 24 Hour rule for purchases
- No spend days
- Utilize discount codes and coupons
- Don’t shop when you’re hungry!
- Create shopping lists to decrease overspending
- Remove credit or debit cards from online account
- Out with the old and in with the new
- Cancel subscriptions you are no longer active with
- Look at your total cost for a year on purchases and spendings
- Plan free activities
So, how much can I really save by cutting back my spending habits? Well, here at Buck Academy, we have put together a visual of a few common spending habits and what they really cost you.
- Eat at home: Save on average $1,000 per person/yearly
- Stop buying water bottles: Save on average $180 per person/yearly
- Cut back on eating out: Save on average $800 per person/yearly
- Unnecessary Shopping: Save on average $500 per person/yearly
- Cable & Unused TV subscriptions: Save on average $400 per household/yearly
How can the 52 week money challenge change your life and the life of your youth?
You and your family don’t have to deprive yourselves of what you really need, or even the fun stuff. This 52 week challenge is meant to improve the lives of you and your family, through being responsible in our personal finances, we teach our children to do the same.
Check out our FREE printable PDF download of our 52 week money saving chart!
Love,
Buck.