Save yourself rich with the 365 day savings challenge
06 Mar 2021Updated: 4 hours ago | people are reading
© Shutterstock Make saving a daily activity
That sitting at home may seem beneficial to your bank account, but if you order food from your favorite restaurant every week and buy all kinds of stuff online, you still save little. To save some money you can do one of the 365 days savings challenges. There are miscellaneous to find and you can bet the amount as high as you want. The most feasible is 1,500 euros in 365 days, but you can also save for 5,000 euros. You can read how it works here:
You start by transferring 1 euro to your savings account. The next day you transfer 2 euros, then 3,4,5,6,7 until you have saved 28 euros in a week. If you do this every week, you have saved 1,456 euros in 365 days. If you have a bit more space and you really want to save a lot, you can also start with 5 euros, 10,15,20,25,30 and 35, which saves you 140 euros per week. You save 1,925 euros in one year.
Various experiments have shown that it works well if you are saving every day. For example, what you can do is create a savings calendar that you cross every day after you have transferred money. That cross feels like a helping hand to continue and if you see all those crosses on your calendar, you will also see all those euros in your bank account.
Saving only becomes fun when you spend a lot saved money. Research by Rabobank shows that people with 10,000 euros in their savings account often really enjoy saving. So what are you waiting for, make that savings calendar and take the challenge!