Were living through days of high inflation, acost-of-living crisis, and a suffocatingly expensivehousing market.
Luckily, there are some savings methods that are surprisingly easy to tryeven if you dont know much aboutfinances.
Its safe to say its the savings challenge we atGlamourare giving a go in 2025.
Jeremy Moeller/Getty Images
Heres what it’s crucial that you know.
How does the 52-week savings challenge work?
You transfer a specific amount into yoursavingsevery week (on whichever day suits you best).
The amount increases by $1 each week, so its also pretty easy to remember.
The total amount it’s possible for you to save during this challenge is significant: $1,378.
Instead of flexing, this expert-approved money trend encourages us to simply say sorry, I cant afford it.
How can I check that I stay on track with the challenge?
But sticking with it all year, when unforeseen expenses inevitably crop up?
Thats the true challenge.
Here are some top tips to stay on track.
Set a savings goal.
Is it for avacation?
The beginning of a house deposit?
Or just for a dreamyskin-careshopping spree in January 2025?
If it helps, set your savings for each month aside ahead of time.
That way, you may be less tempted to spend it throughout the month.
Make the challenge work for you.
Get family and friends involved.
This TikTok creator saved over $11,000 by doing it.
How can the 52-week savings challenge help me get better at saving and budgeting?
This article was originally published byGlamour UK.
