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It's time to start saving for wedding season!
And I'm not even talking about my own wedding, please I am nowhere near that phase in my life! But the number of friends I have who are getting engaged just keeps growing. Although I am so utterly ecstatic for all of them, I am wildly nervous for my bank account.
I have one wedding this summer and at least 2 more in 2015. One will without a doubt require traveling for a weekend so I'll also need to prepare for a weekend away. As most of you know, by the time you twist and turn, attending a wedding gets expensive!
Since this year, one of my main goals is to pay off at least half of my credit card debt that really piled up during college and out of college when finding a job was hard to come by, I need to start now with saving for these weddings. So after doing some basic research, one approach that kept coming up was the 52 week money challenge. Have you heard of it?
Well, it's simple! For every week of the year, you put away that dollar amount. So for the first week of the year you put aside $1, the second week you put away $2, and so on until you reach week 52 where you'd add $52 to your pile. By the end of the year, you'll have accumulated $1,378! That's not too shabby!
Because I get paid bi-weekly, I made my own chart combining every 2 weeks together so I'm only making 2 deposits into my savings a month. But you can choose to do yours weekly, bi-weekly or monthly! I'm choosing to put this money into my savings account with Capitol One 360, so I'll be earning some interest. I know it won't be a lot of interest, but in the grand scheme of things, every penny counts! Right?
So what do you say? Are you ready to take the one year challenge with me? You can quickly catch up, just by putting aside $10 for the first 4 weeks of the year!
My name is Kristina and I'm the founder of Love Struck. Read about how Love Struck came to be, see how I make it happen or just read a random thought I just might have! Anything can happen at our blog & I wouldn't have it any other way! It's time to get Love Struck, and what better way to start than right here!