Adulting really is a thing that is happening whether we like it or not. As I slowly but surely come to terms with this, I've realized that one thing I have to consider is the importance of a savings account. Like a real real savings account.
I know, sometimes we feel overwhelmed just staying above water with our bills, because at times that can be a struggle in itself. But a savings account can make or break your entire money situation, and life, when the unexpected happens; or even if you just want to save for a major life event like buying a car or a house. While it's a big deal, it's not as hard as it sounds. The biggest obstacle is pressing "go" and getting started.
Thankfully, we've come across a few savings challenges that not only make it easy but prove that putting a little away each week or month can help you save more than $1,000 in a year.
1. The 52-Week Challenge:
If you're like me, it's really easy to feel all motivated and inspired to start saving, but when it comes to actually doing it, it can feel a little overwhelming because I might not have a couple hundred dollars on hand to jumpstart the process, so it's hard to start to begin with. That's why I love this 52-week challenge. It lasts a year (clearly) and by the end of the timeframe, you would have saved almost $1,400! And it's really just starting with a little bit at a time and gradually growing the amount you save.
For the first week, you save $1, for week 2, $2, and so on… so for week 29, you save $29, for week 52, you save $52. Just like with all of these challenges, sticking with it is the major key to seeing the results you want.
Feature image by Getty Images.
The Best Articles on Money For People In Their Twenties – Read More
The 5 Money Myths That Are Keeping You Broke, Sis – Read More
I Paid Off My $15,000 Credi Card Debt – Here's How – Read More
6 Life Hacks To Feel Like Money While You Save It – Read More