At the beginning of the year, the 52 Week Money Challenge graphic went viral. That graphic was everywhere. If you were on social media shortly after the holidays it was hard to miss. I tried to figure out exactly where the graphic came from to no avail.
The idea is that each on Week 1 of the year, you will put one $1 in a jar, an envelope or the bank. On Week 2, you put $2 in the jar. On Week 52, you put $52 in the jar. By the end of the year, you should have saved $1378 assuming you don’t miss a week.
I liked the idea and in addition to our other savings techniques, I thought that this would be a fun way to save for travel. I am currently dropping the money into four different accounts. It has added up VERY quickly. We just finished up Week 19. In four accounts, we have saved an extra $760. Almost $1000 in about half a year with just a dollar here and a dollar there.
We recently realized that we are only a half a day’s drive away from Utah and Arches National Park. For as long as I have known my husband, he has wanted to see Utah and its otherworldly landscape. We had a long weekend that we could squeeze it in but we could we squeeze it into the budget? We decided that we could since we have the extra money set aside. We are staying in a camping cabin for $50 a night and the cost of our activities will be minimal since we are mostly visiting national and state parks.
I love that we are putting away money without even really realizing that it is gone. Every payday, I move the money over to each account and we forget about it. I move it before we go out, pay for extra curricular activities or get that extra cup of coffee at Starbucks.
Do I think that I can keep it up? I would like to but I am also going to be realistic. During the month of December, I would need to be ready to put the following away if I was still keeping up with four accounts: Week 49 ($196) Week 50 ($200) Week 51 ($204) Week 52 ($208). That is a grand total of $808. That is probably not going to be possible with holiday travel, gifts, and other obligations. That being said, I will try to keep it up with at least one of the accounts for the entire year.
How do you save for vacation?